logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items. In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet.
comments powered by Disqus
RELATED NEWS
Trade EVEP now with 
Follow RTT