PDC Energy PDCE today announced the closing of its previously
announced offering of $500 million principal amount of senior unsecured notes.
PDC is using a portion of the net proceeds of the offering to redeem its 12%
senior notes due 2018 and expects to use the remaining net proceeds to repay
certain other indebtedness and for general corporate purposes.
This press release is neither an offer to sell nor the solicitation of an
offer to buy the notes or any other securities. The notes were offered in the
United States only to qualified institutional buyers in reliance on Rule 144A
under the Securities Act of 1933 (the "Securities Act") and outside the United
States in reliance on Regulation S under the Securities Act. The notes have
not been registered under the Securities Act and may not be offered or sold in
the United States without registration or an applicable exemption from
registration requirements.
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