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New Issue-Endeavour Int'l Corp sells $500 mln in 2 parts

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Tue Feb 14, 2012 3:32am IST

Feb 13 (Reuters) - Endeavour International Corp
 on Monday sold $500 million of first and second priority
senior notes in the 144a private placement market, said a market
source.	
    Citigroup was the sole bookrunning manager for the sale.	
	
BORROWER: ENDEAVOUR INTERNATIONAL CORP 	
	
TRANCHE 1	
AMT $350 MLN    COUPON 12 PCT      MATURITY    03/01/2018   	
TYPE SR NTS     ISS PRICE 96.00    FIRST PAY   09/01/2012 	
MOODY'S Caa1    YIELD 12.975 PCT   SETTLEMENT  02/23/2012   	
S&P TRIPLE-C    SPREAD 1,159 BPS   PAY FREQ    SEMI-ANNUAL	
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS	
	
TRANCHE 2	
AMT $150 MLN    COUPON 12.0 PCT    MATURITY    06/01/2018   	
TYPE SR NTS     ISS PRICE 96.00    FIRST PAY   09/01/2012 	
MOODY'S Caa1    YIELD 12.954 PCT   SETTLEMENT  02/23/2012   	
S&P TRIPLE-C    SPREAD 1,157 BPS   PAY FREQ    SEMI-ANNUAL	
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
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