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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 11/17/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Plains Exploration & Production tenders for $565 million 10% notes

By Jennifer Chiou

New York, Nov. 17 - Plains Exploration & Production Co. announced a cash tender offer for up to $565 million of its 10% senior notes due 2016.

The offer will end at midnight ET on Dec. 15.

Those who tender their securities prior to midnight ET on Dec. 1 will receive total consideration of $1,130 for each $1,000 principal amount of notes, plus any accrued interest. The amount includes an early tender premium of $20.

The dealer manager and solicitation agent is J.P. Morgan Securities LLC (800 245-8812 or 212 270-9153). The information agent is MacKenzie Partners, Inc. (212 929-5500).

Plains Exploration & Production is an independent oil and gas company based in Houston.


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