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

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3/8/2012 10:57 AM ET

EV Energy Partners LP (EVEP: Quote), 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.

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