Chaparral Energy to hold tender offer for or redeem 8 7/8% notes

By Ashley Montgomery

Kansas City, Kan., April 20 - Chaparral Energy, Inc. plans to use the proceeds from its $400 million sale of 7 5/8% senior notes due 2022 to fund a cash tender offer and consent solicitation for or redemption of its 8 7/8% senior notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

Credit Suisse Securities (USA) LLC will be the dealer manager and solicitation agent for the tender offer.

Chaparral is an Oklahoma City-based oil and natural gas production and exploration company.

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