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PLAINS RESOURCES PRIVATELY PLACES $75 MILLION OF SENIOR SUBORDINATED DEBT
- Article from:
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Hart's Petroleum Finance Week
- Article date:
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September 27, 1999
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Copyright informationCopyright Phillips Business Information, LLC Sep 27, 1999. Provided by ProQuest LLC. (Hide copyright information)
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Plains Resources Inc. (AMEX: PLX) privately placed $75 million principal of senior subordinated notes due 2006. The debt, designated Series E, bears a 10.25% stated coupon rate, but will be issued at approximately 101% of par, for a yield-to-worst rate of 9.97%. The stated coupon rate of interest and maturity date are the same as those for the Houston independent ...
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