Printer Friendly

TRITON FILES $300 MILLION DEBT SHELF REGISTRATION

 DALLAS, Sept. 22, /PRNewswire/ --Triton Energy Corporation (NYSE: OIL) today filed a shelf registration statement with the Securities and Exchange Commission for up to $300 million of various forms of debt securities.
 "With cash and cash equivalents in excess of $125 million today, Triton has a high level of liquidity. We filed the debt shelf to enhance our financial flexibility and reduce the time needed to access windows of opportunity in the capital markets," said Peter Rugg, senior vice president and chief financial officer.
 The proceeds of any sale of debt securities are expected to be used for capital funding, including the company's Colombian project in the Cusiana and Cupiagua Fields.
 Triton Energy, with headquarters in Dallas, is an international independent oil and gas exploration and production company with oil and gas interests in numerous countries.
 NOTE: The registration statement relating to these debt securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. When available, a written prospectus may be obtained from Investor Relations, Triton Energy Corporation, 6688 North Central Expressway, Suite 1400, Dallas, Texas 75206.
 -0- 9/22/93
 /CONTACT: W. Greg Dunlevy or Linda Covington of Triton 214-691-5200/
 (OIL)


CO: Triton Energy Corporation ST: Texas IN: OIL SU:

CM -- NE009 -- 4627 09/22/93 10:53 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 22, 1993
Words:280
Previous Article:PROTEON OPENS NEW OFFICE IN HONG KONG
Next Article:COOPERS & LYBRAND SURVEY ON HEALTH CARE REFORM
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters