Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Indigo Natural Resources LLC > News item |
Indigo Natural Resources driving by with $700 million eight-year notes; initial talk 5½%-5¾%
By Paul A. Harris
Portland, Ore., Jan. 19 – Indigo Natural Resources LLC plans to price a $700 million offering of eight-year senior notes (existing ratings B3/BB-) in a Tuesday drive-by, according to market sources.
Initial guidance is 5½% to 5¾%.
J.P. Morgan Securities LLC is leading the notes sale.
The Rule 144A and Regulation S notes come with three years of call protection.
The Houston-based independent natural gas company plans to use the proceeds to redeem its outstanding 6 7/8% senior notes due 2026 and to pay down its revolving credit facility.
© 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.