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Article: PXP Announces $300 Million Senior Notes Offering.
- Article from:
- PR Newswire
- Article date:
- September 8, 2009
CopyrightCOPYRIGHT 2009 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, Sept. 8 /PRNewswire-FirstCall/ -- Plains Exploration & Production Company today announced a $300 million offering of senior notes due in 2019. Net proceeds from the offering are expected to be used for general corporate purposes, including to fund a portion of the payment of the remaining drilling carry under PXP's agreement with Chesapeake Energy Corporation. The notes are expected to settle on September 11, 2009.
J.P. Morgan Securities Inc., Barclays Capital Inc., BMO Capital Markets Corp., Banc of America Securities LLC, and Morgan Stanley & Co. Incorporated are acting as book-running managers of the offering. The offering will be made only by ...