By Paul A. Harris
Portland, Ore., April 11 - RAAM Global Energy Co. priced a $50 million add-on to its 12½% senior secured notes due Oct. 1, 2015 on Thursday, according to an 8-K document filed with the Securities and Exchange Commission.
The add-on came at a reoffer price of 103.
The Lexington, Ky.-based oil and gas company will use the proceeds to repay revolver debt and for general corporate purposes.
Issuer: | RAAM Global Energy Co.
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Amount: | $50 million
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Proceeds: | $50.3 million
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Maturity: | Oct. 1, 2015
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Security description: | Add-on to 12½% senior secured notes due 2015
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Coupon: | 12½%
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Price: | 103
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Trade date: | April 11
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Distribution: | Rule 144A and Regulation S
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Original issue: | $150 million
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Total issue size: | $200 million
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