Endeavour International (END) Announces Plans to Offer $500 Million in Senior Notes
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Endeavour International Corporation (NYSE: END) (LSE: ENDV) today announced that it intends to offer $500 million in aggregate principal amount of senior notes due 2020 in a private placement to eligible purchasers.
The Company intends to use the net proceeds from the offering to fund its previously announced acquisition of interests in three oil fields in the United Kingdom North Sea, to repay all amounts outstanding under its Senior Term Loan due 2013 and for general corporate purposes.
The Company intends to use the net proceeds from the offering to fund its previously announced acquisition of interests in three oil fields in the United Kingdom North Sea, to repay all amounts outstanding under its Senior Term Loan due 2013 and for general corporate purposes.
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