Copano Energy buys back $49.6 million of notes in fourth quarter

By Angela McDaniels

Tacoma, Wash., Feb. 25 - Copano Energy, LLC repurchased and retired $32.3 million of its 7¾% senior unsecured notes due 2018 and $17.3 million of its 8 1/8% senior unsecured notes due 2016 during the fourth quarter, according to its earnings release.

The repurchases were made at market prices averaging 69% of par and resulted in a gain of $15.3 million.

Houston-based Copano Energy is a midstream natural gas company.

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