RADNOR, Pa., April 10, 2013 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) announced today it has priced a private placement of $775 million aggregate principal amount of Senior Notes due 2020 (Notes). The private placement of the Notes has been upsized from $400 million to $775 million. The Notes were priced at par and will bear interest at a rate of 8.50 percent per year. The sale of the Notes is expected to close on April 24, 2013. The Notes will be fully and unconditionally guaranteed by PVA's existing and future subsidiaries, subject to certain exceptions.
Penn Virginia Corporation Prices Upsized Private Placement Of $775 Million Of 8.50 Percent Senior Notes Due 2020
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