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.
Click here for the story from Reuters.