Brigham Exploration Co. - 2010-09-27

Description

Made a cash tender offer and consent solicitation for its $160 million outstanding principal amount of 9 5/8% senior notes due 2014. Brigham expects to fund the tender with the issuance of new senior notes due 2018. The total consideration for each $1,000 principal amount of notes validly tendered and not validly withdrawn prior to the consent date is $1,052.00. The purchase price for each $1,000 principal amount of notes shall be $1,022.00. The purchase price is the total consideration minus the consent payment of $30.00 per $1,000 principal amount of notes. In connection with the tender offer, Brigham is offering to make a consent payment of $30.00 per $1,000 principal amount of notes. Credit Suisse and BofA Merrill Lynch are dealer managers and solicitation agents.

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Estimated Price
$160.0MM
Report Date