Houston, Sept. 30, 2013 (GLOBE NEWSWIRE) -- BPZ Resources, Inc., (NYSE: BPZ) (BVL: BPZ), today announced that Raymond James & Associates, Inc., as underwriter of the Company's previously reported offering of $125 million of its 8.50% Convertible Senior Notes due 2017 (the "Notes"), has exercised in full its option to purchase an additional $18.8 million aggregate principal amount of the Notes. In addition, the International Finance Corporation (IFC) holds the right to participate in the offering for up to 45 days after being notified of the terms of the offering, which, if exercised would increase the size of the offering.
BPZ Energy Announces Exercise Of Option To Purchase Additional $18.8 Million Of 8.50% Convertible Senior Notes 2017 And Repayment Of Secured Bank Debt Facility
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