Belden & Blake extends change-of-control tender for 8¾% notes due 2012

By Jennifer Chiou

New York, Sept. 26 - Belden & Blake Corp. announced the extension of its cash tender offer for any and all of its outstanding $192.5 million of 8¾% senior secured notes due 2012 to 9 a.m. ET on Oct. 12, unless extended.

The offer was previously scheduled to end at 9 a.m. ET on Sept. 26.

Belden & Blake will repurchase the notes at 101%.

The North Canton, Ohio, developer and producer of oil and natural gas properties will also pay accrued interest up to but excluding the payment date.

On Aug. 16, parent Capital C Energy Operations was acquired by institutional funds managed by EnerVest Management Partners, Ltd., which resulted in a change of control requiring Belden & Blake to tender for the notes.

The company said it will use borrowings under its new credit facility, cash on hand and subordinated loans or equity investments from EnerVest for the offer.

Global Bondholder Services Corp. (866 795-2200 or call collect 212 430-3774) will answer documentation requests.

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