Denbury Resources Announces Completion of Its Exchange of $225,000,000 of Senior Subordinated Notes.Energy Editors/Business Editors DALLAS--(BUSINESS WIRE)--July 9, 2003 Denbury Resources Inc. (NYSE NYSE See: New York Stock Exchange :DNR See dynamic noise reduction and domain name resolver. )("Denbury" or the "Company") announced today that it has completed the exchange of $225 million of its previously issued 7 1/2% Senior Subordinated Notes Due 2013, which were privately placed in March 2003, for $225 million of 7 1/2% Senior Subordinated Notes Due 2013 that have been registered under the Securities Act of 1933. One-hundred percent of the privately placed notes were tendered for exchange. The new exchange notes are being issued under the same indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. as the privately placed notes. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the notes. Denbury Resources Inc. (www.denbury.com) is a growing independent oil and gas company. The Company is the largest oil and natural gas operator in Mississippi, holds key operating acreage onshore Louisiana and has a growing presence in the offshore Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east areas. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risk and uncertainties. |
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