New Issue: Global Hunter, Knight Capital ran books for RAAM Global Energy $50 million add-on

By Paul A. Harris

Portland, Ore., July 13 - RAAM Global Energy Co. priced a $50 million add-on to its 12½% senior secured notes due Oct. 1, 2015 via joint bookrunners Global Hunter Securities and Knight Capital, according to an 8-K document filed with the Securities and Exchange Commission.

As previously reported, the notes were priced at 102.5 to yield 11.72% on Tuesday.

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

The original issue priced in a downsized $150 million issue at 99.1 to yield 12¾ on Sept. 17, 2010.

That original issue, which was led by Global Hunter Securities and Knight Capital, had been downsized from $200 million.

Issuer:	RAAM Global Energy Co.
Face amount:	$50 million
Proceeds:	$51.25 million
Maturity:	Oct. 1, 2015
Securities:	Add-on to the 12½% senior secured notes
Bookrunners:	Global Hunter Securities, Knight Capital
Coupon:	12½%
Price:	102.5
Yield:	11.72%
Call protection:	Callable on Oct. 1, 2014 at 106.25, par on and after April 1, 2015
Equity clawback:	35% at 112.5 until Oct. 1, 2013
Trade date:	July 12
Settlement date:	July 15
Distribution:	Rule 144A and Regulation S
Original issue:	$150 million issue priced at 99.1 to yield 12¾ on Sept. 17, 2010
Total issue size:	$200 million

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