Stone Energy Corp. - 2010-11-12
Description
Plans to publicly offer 8.625% senior notes due 2017, in addition to its outstanding 8.625% senior notes due 2017, which were issued in January in an aggregate principal amount of US$275 million, and which will be guaranteed by subsidiary Stone Energy Offshore LLC. Net proceeds will be used to pay borrowings under its bank credit facility and related costs for acquired acreage in Appalachia. Merrill Lynch, Pierce, Fenner & Smith Inc. is sole book-running manager.