Mariner Energy Makes Debt Exchange Offer
Tuesday October 10, 6:24 pm ET
Mariner Energy Offers to Trade 7.5 Percent Senior Notes for New Debt
HOUSTON (AP) -- Oil and gas producer Mariner Energy Inc. on Tuesday said it has begun an exchange offer for its outstanding 7.5 percent senior notes due 2013.
Holders of the notes, which were issued privately in an aggregate principal amount of $300 million, may exchange them for a like principal amount of new issue of 7.5 percent senior notes due 2013.
Terms are essentially the same. However, transfer restrictions, registration rights and special interest provisions on the original notes will no longer apply.
The offer expires Nov. 9.
Shares of Mariner Energy fell 2 cents in aftermarket trading to $19.58 after rising 59 cents to end at $19.60 on the New York Stock Exchange.
