This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Saratoga Resources Announces Completion Of Exchange Offer For Its 12½% Senior Secured Notes Due 2016

Saratoga Resources, Inc. (NYSE Amex: SARA) (the “Company”) today announced that it has successfully completed its Offer to Exchange (the “Exchange Offer”) $127,500,000 in aggregate principal amount of its 12½% Senior Secured Notes due 2016, which have been registered under the Securities Act of 1933 (the “Exchange Notes”), for all of its outstanding unregistered 12½% Senior Secured Notes due 2016 (the “Existing Notes”). The Exchange Offer expired at 5:00 p.m., Eastern time, on November 29, 2011.

The Bank of New York Mellon Trust Company, the exchange agent for the Exchange Offer, advised that 100% of the Existing Notes were validly tendered. The Company expects to issue the Exchange Notes in exchange for the Existing Notes on or about December 2, 2011. The CUSIP number of the Exchange Notes is 803521 AF0.

This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any securities.

About Saratoga Resources

Saratoga is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,869 gross (31,125 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs