Rosetta Resources sets Tuesday investor call for $700 million eight-year notes

By Paul A. Harris

Portland, Ore., April 15 - Rosetta Resources Inc. plans to take part in an investor call on Tuesday to discuss its proposed $700 million offering of eight-year senior notes, according to a market source.

The deal is expected to price late in the week.

J.P. Morgan Securities LLC, Morgan Stanley & Co. and Wells Fargo Securities LLC are the joint bookrunners. Comerica Securities, Credit Suisse Securities (USA) LLC, Mitsubishi UFJ and US Bancorp are the co-managers.

The notes, which have been registered with the Securities and Exchange Commission, come with four years of call protection.

Credit ratings remain to be determined.

The Houston-based independent producer and developer of oil and gas properties plans to use the proceeds, together with proceeds from the concurrent equity offering, to fund a portion of the acquisition of the Permian Basin assets from Comstock Resources.

Rosetta Resources also intends to use part of the proceeds repay its revolver in its entirety and for general corporate purposes.

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