Warren Resources to launch $300 million eight-year notes on Friday

By Paul A. Harris

Portland, Ore., July 24 – Warren Resources, Inc. plans to launch a $300 million offering of eight-year senior notes on Friday, according to a market source.

The deal is expected to be marketed by means of a roadshow.

BMO Capital Markets Corp. is leading the deal, with the announcement of additional joint bookrunners and co-managers expected.

The New York-based independent energy company plans to use the proceeds to fund a portion of the approximately $312.5 million cash purchase price for its recently announced acquisition of the Marcellus assets of Citrus Energy Corp. and two additional working interest owners.

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