RAAM Global Energy plans to hold roadshow for $150 million secured notes during Sept. 13 week

By Paul A. Harris

St. Louis, Sept. 3 - RAAM Global Energy Co. plans to conduct an investor roadshow for its downsized $150 million offering of senior secured notes during the Sept. 13 week, according to an informed source.

The notes are expected to price on Sept. 17.

Global Hunter Securities and Knight Capital Markets are the joint bookrunners.

The underwriters have expressed confidence in the market's acceptance of this first-time issuer, and they note the strong credit metrics and substantial equity cushion for this Gulf Coast oil and gas producer, the informed source remarked.

The Lexington, Ky.-based oil and gas company will use the proceeds to repay bank debt and for general corporate purposes.

The deal initially hit the market in mid-August, sized at $200 million and talked at the 12½% area.

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