Hilcorp Energy to begin roadshow Monday for $350 million seven-year notes

By Paul A. Harris

St. Louis, July 17 - Hilcorp Energy Co. starts the roadshow Monday for its offering of $350million of senior notes due 2010, according to a market source.

The marketing runs through July 31.

Deutsche Bank Securities Inc. and Lehman Brothers are joint bookrunners for the Rule 144A offering.

Proceeds from the seven-year non-call-four notes will be used to fund the acquisition of properties, to acquire the partner's equity interest and to repay a portion of the bank debt.

The prospective issuer is a privately-held Texas corporation that acquires and exploits oil and gas properties.

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