Plains Exploration & Production Co. (PXP) announced a $300 million offering of senior notes due in 2019. The company said that it expects to use net proceeds from the offering for general corporate purposes, including to fund a portion of the payment of the remaining drilling carry under PXP's agreement with Chesapeake Energy Corporation. The notes are expected to settle on September 11, 2009.
J.P. Morgan Securities Inc., Barclays Capital Inc., BMO Capital Markets Corp., Banc of America Securities LLC, and Morgan Stanley & Co. Incorporated are acting as book-running managers of the offering.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.