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Article: EPL Extends Self-Tender Offer for 8,700,000 Company Shares to 5:00 p.m. New York City time, on April 23, 2007.
- Article from:
- Business Wire
- Article date:
- April 23, 2007
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NEW ORLEANS -- Energy Partners, Ltd. ("EPL" or the "Company") (NYSE:EPL) today announced the extension to 5:00 p.m. New York City time, on April 23, 2007 of its cash tender offer (the "Offer") to purchase up to 8,700,000 issued and outstanding common shares, or approximately 22 of the Company's shares, at $23 per share.
The Company expects to purchase the shares tendered on a pro rata basis pursuant to the procedures specified in the Offer to Purchase upon the closing of its previously announced sale of $450 million of senior notes, the refinancing of the Company's revolving credit facility and the repurchase of its 8 3/4 senior notes.
As of midnight, ...