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

Bill Barrett Corporation Announces Results Of Purchase Offer For Its 5% Convertible Senior Notes Due 2028

DENVER, March 20, 2012 /PRNewswire/ -- Bill Barrett Corporation (the "Company") (NYSE: BBG) announced today the final results of its previously announced offer to purchase its 5% Convertible Senior Notes due 2028 (the "notes") (CUSIP 06846NAA2).  The holders' right to tender notes for purchase expired at 9:00 a.m., New York City time, on March 20, 2012 (the "offer").

The Company has been advised by Deutsche Bank Trust Company Americas, the paying agent, that $147,156,000 aggregate principal amount of the notes, representing 85.31% of the total notes currently outstanding, were validly surrendered to the paying agent and not withdrawn.  The Company has accepted all such notes for payment.  In accordance with the terms of the indenture governing the notes, the Company has forwarded to the paying agent the appropriate amount of cash required to pay the total cash purchase price of approximately $147.3 million for the surrendered notes, including accrued interest, and the paying agent will distribute the cash to the holders as soon as practicable in accordance with the indenture governing the notes.  After the offer, $25,344,000 aggregate principal amount of the notes, representing 14.69% of the total notes, is outstanding.

ABOUT BILL BARRETT CORPORATION

Bill Barrett Corporation (NYSE: BBG), headquartered in Denver, Colorado, explores for and develops natural gas and oil in the Rocky Mountain region of the United States. Additional information about the Company may be found on its website www.billbarrettcorp.com.

SOURCE Bill Barrett Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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 18,110.14 +72.17 0.40%
S&P 500 2,114.90 +5.98 0.28%
NASDAQ 5,055.4220 -4.8240 -0.10%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs