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Denbury Resources Raises $400M
Oil and gas company, Denbury Resources, has sold $400 million of senior subordinated notes.
Oil and gas company, Denbury Resources, has sold $400 million of senior subordinated notes, Reuters reports. The 6.375% notes have a spread of 285 basis points and will mature on Aug.15, 2021.
The size of the offering was increased from an initially planned $350 million. Bank of America Merrill Lynch, JP Morgan, Credit Suisse, UBS, RBC and Wells Fargo Securities were the joint bookrunning managers for the sale.
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