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Published on 12/13/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Mariner Energy calls $195 million of 11¾% senior notes at 131.75724

By Marisa Wong

Madison, Wis., Dec. 13 - Mariner Energy Inc. will redeem $195 million of its $300 million of 11¾% senior notes due June 30, 2016 on Dec. 14, according to a revised notice.

The notes will be redeemed at 131.75724 plus accrued interest to the redemption date.

The issuer originally planned to redeem all $300 million of the notes on Dec. 13 at 111.75. That redemption was previously rescinded.

Wells Fargo Bank NA is the trustee.

Mariner Energy is a Houston-based oil and gas exploration, development and production company.


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