Stone Energy Corp. - 2010-11-15


Priced an offering of senior notes due 2017. The senior notes are an additional issuance of Stone's outstanding 8.625% senior notes due 2017, which were issued in January in an aggregate principal amount of $275 million, and will be fully and unconditionally guaranteed by subsidiary Stone Energy Offshore LLC. Stone intends to use net proceeds of approximately $97.85 million to pay borrowings under its bank credit facility and to fund the acquisition of additional lease acreage in Appalachia. Merrill Lynch, Pierce, Fenner & Smith Inc. is sole book-running manager.

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