Le Lézard
Classified in: Oil industry, Business
Subject: OFR

CrownRock Announces Private Offering of Senior Notes



MIDLAND, Texas, Oct. 2, 2017 /PRNewswire/ -- CrownRock, L.P. ("CrownRock"), an oil and gas producing joint venture of CrownQuest Operating and Lime Rock Partners, today announced the commencement of a private offering, subject to market and other conditions, of $1 billion principal amount of senior notes due 2025 (the "notes"). CrownRock intends to use the proceeds of the proposed offering to fund all of its obligations under tender offers it is commencing today for any and all of its outstanding 7.125% Senior Notes due 2021 and 7.75% Senior Notes due 2023, to repay existing borrowings under its revolving credit facility and for other general partnership purposes, including the funding of a portion of its capital development plan.

The notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws; and unless so registered, the notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A under the Securities Act and non-U.S. persons under Regulation S under the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

SOURCE CrownRock, L.P.


These press releases may also interest you

at 14:10
comScore today announced the official worldwide weekend box office estimates for the weekend of September 23, 2018, as compiled by the company's theatrical measurement services. As the trusted industry partner for...

at 13:00
DENVER, Sept. 23, 2018 /PRNewswire-PRWeb/ -- SSA, the nation's largest operator of zoo and aquarium gift shops, is proud to announce that starting in January of 2019, their core plush animal line will transition to a sustainable fill. This fill, made...

at 12:00
The Deferred Interest option offers the following higher annual interest rate of 9% p.a.available for investments starting from £20,000, offering 10% p.a for investments of between £35,000 to £75,000 and 11% p.a on investments of £75,000 upwards. The...

at 11:00
LEXINGTON, Mass., Sept. 23, 2018 /PRNewswire-PRWeb/ -- Ninestone Corporation, a management consulting firm that specializes in working with healthcare, small business and non-profit organizations, announced today their selection as an approved vendor...

at 10:00
Compare-autoinsurance.org has recently published a list with the most common car insurance myths and explains why each of them is false.  Like many other industries, auto insurance is also plagued by some myths, many of them spread by people with...

at 09:00
Cheapquotesautoinsurance.com has released a new blog post that explains how drivers can get cheap car insurance quotes and save money. Insurance quotes represent basic estimates and offer the average costs for a coverage plan. But when used...




News published on 2 october 2017 at 07:30 and distributed by: