EP Energy LLC

Description

Priced an unregistered offering of $1,000 million aggregate principal amount of 7.75% senior secured notes due 2026 at an issue price of 100%. The liens on the collateral securing the notes will be junior to the liens on the collateral securing EP Energy's senior secured RBL facility and senior to the liens on the collateral securing each tranche of EP Energy's existing senior secured notes.

EP intends to use the proceeds from the offering of the notes to repay amounts outstanding under its senior reserve based revolving credit facility, for other general corporate purposes and to pay related fees and expenses.

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Companies
Estimated Price
$1,000.0MM
Financing Type
Report Date