logo
Plus   Neg
Share
Email

EV Energy Partners Intends $100 Mln Add-On Offering Of Senior Unsecured Notes

EV Energy Partners LP (EVEP), along with its subsidiary EV Energy Finance Corp, Thursday announced that they intend to publicly offer an additional $100 million in aggregate principal amount of their 8.0% senior notes due 2019

The Partnership firm stated that the $300 million of 8.0% senior notes due 2019 and the Additional Notes of $100 million 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.

Following the news, the share price is up 1% in the bourse.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Procter & Gamble Company (PG) reported third-quarter net earnings per share of $0.95, an increase of two percent versus the prior year. Net earnings from continuing operations declined 1% year-over-year to $2.54 billion. Core earnings per share increased four percent to $1.00. On average, 20 analysts... Consumer goods giant Procter & Gamble Co. announced Thursday that it has signed an agreement to acquire the Consumer Health business of German drug major Merck KGaA for a purchase price of approximately 3.4 billion euros. P&G expects to close the acquisition of Consumer Health business during the 2018/19 fiscal year, subject to customary closing conditions and regulatory clearances. Alcoa Inc. (AA), the largest producer of aluminum in the US, Wednesday reported a first-quarter profit that trumped Wall Street estimates, driven largely by revenue growth, sending its shares up 5 percent in after-hours trading. New York-based Alcoa's first-quarter profit was $150 million or $0.80...
Follow RTT