Hilcorp Energy plans to price $500 million 10.5-year notes Tuesday

By Paul A. Harris

Portland, Ore., June 24 – Hilcorp Energy plans to price a $500 million offering of 10.5-year notes in a quick-to-market Tuesday transaction, according to market sources.

Early guidance on the Rule 144A and Regulation S for life deal is in the 5¼% area.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Barclays and BMO Securities are the joint bookrunners. BBVA, Capital One, SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc., BB&T, Comerica Securities and Mitsubishi UFJ Securities are the senior co-managers.

The notes come with five years of call protection.

The Houston-based energy exploration and production company plans to use the proceeds for general corporate purposes as well as to fund pending acquisitions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.