From Earlier: PXP Offering $2.25B Senior Notes; Will Use Proceeds to Fund part of Acquisition from BP
Plains Exploration & Production Company (NYSE: PXP) announced today that it intends to offer, subject to market and other conditions, $2.25 billion of senior notes issued in an underwritten public offering. The senior notes are expected to be issued in two series, with the first series to be due in 2020 and the second series to be due in 2023. The offering will be made under PXP's shelf registration statement, which became effective immediately upon filing with the Securities and Exchange Commission on March 5, 2010.
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