BPZ Resources to redeem 6.5% convertibles due 2015 via new offering

By Tali David

Minneapolis, Sept. 18 - BPZ Resources, Inc. plans to repurchase varying amounts of its 6.5% convertible senior notes due 2015 from time to time with the proceeds from a new offering of convertible notes due 2017, according to a press release.

Proceeds will also be used for general corporate purposes, including funding the company's exploration and production efforts or other projects or to reduce or refinance its outstanding debt or other corporate obligations.

BPZ Resources is Houston-based oil and gas exploration and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.