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Published on 12/16/2011 in the Prospect News Convertibles Daily, Prospect News Liability Management Daily and Prospect News PIPE Daily.

Global Energy buys back $1.74 million of convertible notes due 2012

By Ashley Montgomery

Kansas City, Kan., Dec. 16 - Global Energy Development plc announced it repurchased $1,742,000 of its variable-coupon convertible notes due 2012 on Dec. 15.

Following the transaction, the outstanding balance will be $9,561,000.

Based in London, Global Energy is an oil and natural gas exploration company.


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