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Article: Dune Energy Prices Private Offerings of $300 Million of Senior Secured Notes Due 2012 and $180 Million of Senior Redeemable Convertible Preferred Stock.
- Article from:
- PR Newswire
- Article date:
- May 2, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Texas, May 2 /PRNewswire-FirstCall/ -- Dune Energy, Inc. ("Dune" or the "Company") announced today that it had priced its previously disclosed private offering of senior secured notes due 2012 (the "Senior Secured Notes") and senior redeemable convertible preferred stock (the "Preferred Stock"). Prior to pricing, Dune increased the amount of the Senior Secured Notes offered in the private offering from $285 million to $300 million and the amount of Preferred Stock from $140 million to $180 million. A majority of the proceeds from the private offering will be used to acquire all of the outstanding capital stock of Goldking Energy Corporation ("Goldking"), as ...