Indigo Natural Resources to sell $650 million eight-year notes late Jan. 29 week; talk high 6% area

By Paul A. Harris

Portland, Ore., Jan. 29 – Indigo Natural Resources LLC plans to sell $650 million of eight-year senior notes late in the Jan. 29 week, according to market sources.

Initial price talk is in the high 6% area, a trader said.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes come with three years of call protection.

The Houston-based independent natural gas and natural gas liquids company plans to use the proceeds to repay debt.

Indigo Natural Resources also announced on Monday that it has submitted a draft registration statement to the U.S. Securities and Exchange Commission relating to its proposed initial public offering. The size and price range for the proposed offering remain to be determined.

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