Callon Petroleum repurchases $10 million of 13% senior notes due 2016

By Tali David

Minneapolis, June 21 - Callon Petroleum Co. repurchased $10 million of its 13% senior notes due 2016 for $10.2 million, according to a press release.

The repurchase reduces the balance of the notes to $97 million and results in annual cash interest savings of $1.3 million, the company said.

Callon is a Natchez, Miss.-based acquirer, developer, explorer and operator of oil and gas properties.

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