EP Energy LLC
Description
EP Energy LLC said that it and its wholly-owned subsidiary, Everest Acquisition Finance Inc., have launched exchange offers to exchange up to $1.2 billion aggregate principal amount of new 9.375% senior secured notes due 2024 for the Issuers' outstanding senior notes.
EP Energy LLC has extended the tender time to Dec. 19 for its exchange of 2020, 2022 and 2023 senior notes for new notes due 2024. As part of the amendments, the issuers increased the total consideration payable to holders of 9.375% senior notes due 2020 to (i) $50.00 in cash and (ii) $1,000 of new notes, per $1,000 principal amount of 2020 notes.