PDC Energy Inc.

Description

PDC Energy Inc. intends to make a private offering of $600 million in aggregate principal amount of its senior unsecured notes due 2026.

PDC closed the offering on Nov. 29. PDC intends to use the net proceeds from the offering to redeem its 7.75% senior notes due 2022, to fund a portion of the purchase price of certain properties owned by Bayswater Exploration & Production LLC and certain related parties, and for general corporate purposes.

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Companies
Estimated Price
$600.0MM
Financing Type
Report Date