EV Energy (EVEP) Announces $100M Senior Notes Follow-On Offering
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EV Energy Partners, L.P. (NASDAQ: EVEP) and its subsidiary EV Energy Finance Corp. today announced that they intend, subject to market conditions, to publicly offer an additional $100 million in aggregate principal amount of their 8.0% senior notes due 2019 pursuant to the same indenture under which their existing $300 million of 8.0% senior notes due 2019 (the "Existing Notes") were issued.
The Existing Notes and the Additional Notes will be treated as a single class of securities under the Indenture. The Partnership intends to use the net proceeds from the offering to repay indebtedness under its existing senior secured revolving credit facility.
The Existing Notes and the Additional Notes will be treated as a single class of securities under the Indenture. The Partnership intends to use the net proceeds from the offering to repay indebtedness under its existing senior secured revolving credit facility.
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