Stone Energy Corp. (SGY) announced its plan for a public offering of $250 million aggregate principal amount of senior notes due 2017. The notes will be fully and unconditionally guaranteed by Stone Energy Offshore, L.L.C., a wholly-owned subsidiary of Stone. Stone intends to use the net proceeds from the offering to fund its pending tender offer and consent solicitation for its existing 8 1/4% senior subordinated notes due 2011 and for general corporate purposes.
Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as joint book-running managers for the Senior Notes 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.