American Eagle Energy to sell $175 million five-year secured notes

By Paul A. Harris

Portland, Ore., Aug. 4 – American Eagle Energy Corp. expects to price $175 million of five-year senior secured notes (/expected CCC/) during the Aug. 11 week, according to an informed source.

GMP Securities is the bookrunner. Canaccord Genuity Group Inc., GHS/Seaport Group and Johnson Rice are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with two years of call protection.

The Denver-based independent oil and gas acquisition, exploration and development company plans to use the proceeds to repay borrowings under its existing credit facility, with any remaining proceeds for general corporate purposes.

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