Denbury Resources Inc. - 2011-02-03


Launched a public offering of senior subordinated notes due 2021. The net proceeds from the offering, along with cash on hand, will be used to fund the repurchase of $225 million of Denbury's 71/2% senior subordinated notes due 2013 and $300 million of Denbury's 71/2% senior subordinated notes due 2015.

Merrill Lynch, Pierce, Fenner & Smith Inc., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, UBS Securities LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are joint book-running managers. BNP Paribas Securities Corp., Scotia Capital (USA) Inc., Credit Agricole Securities (USA) Inc., Lloyds TSB Bank plc, BBVA Securities Inc., Capital One Southcoast Inc., CIBC World Markets Corp., Comerica Securities Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Mitsubishi UFJ Securities (USA) Inc., SMBC Nikko Capital Markets Ltd., Sun Trust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are co-managers.

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