Energen Sells 5% Notes.Energy Editors/Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 3, 2003 Energen Corporation (NYSE NYSE See: New York Stock Exchange :EGN EGN External Gateway Network (WorldCom) EGN East Gate News EGN European Games Network ) today announced the completion of a public offering of $50 million of underwritten notes due October 1, 2013. The 5% coupon notes were priced at 99.557 percent to yield 5.057 percent. Proceeds will be used to repay short-term debt Short-term debt Debt obligations, recorded as current liabilities, requiring payment within the year. incurred for the acquisition of oil and natural gas properties by Energen's oil and gas subsidiary, Energen Resources Corporation Energen Resources Corporation is the largest subsidiary of Energen Corporation, a diversified energy company headquartered in Birmingham, Alabama. It is a growing oil and gas acquisition and development company that has approximately 1. , and for general corporate purposes. This offering was made through lead manager Merrill Lynch & Co. and co-manager A.G. Edwards & Sons, Inc. Energen is a diversified energy holding company engaged in natural gas distribution and the acquisition and development of domestic oil and natural gas properties. |
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