PXP Announces Pricing of $600M of Senior Notes Due 2021

Plains Exploration & Production Company

today announced that it has priced an underwritten public offering of $600 million of 6 5/8% Senior Notes due 2021. The notes are being sold to the public at par. PXP intends to use the net proceeds of the offering to repay indebtedness under its senior revolving credit facility and for general corporate purposes.