Printer Friendly

MAXUS ENERGY ANNOUNCES DEBT OFFERING

 DALLAS, Jan. 10 /PRNewswire/ -- Maxus Energy Corporation (NYSE: MXS) today announced the public offering of $60 million of its 9 3/8 percent
Series B notes, due Nov. 1, 2003. CS First Boston is underwriter for the offering.
 Net proceeds from the sale will be added to the working capital of the company and used for general corporate purposes, which is intended to include the repayment of approximately $58 million of Maxus' medium- term notes maturing in April 1994 and currently bearing interest at rates ranging from 4.57 to 4.85 percent. The medium-term notes are nine-month notes that were issued in July 1993.
 A copy of the prospectus may be obtained from the underwriter or Investor Relations, Maxus Energy Corporation, 717 N. Harwood St., Dallas, TX 75201, 214-953-2816.
 -0- 1/10/94
 /CONTACT: Tom Sullivan, media, 214-953-2844; or Peter Dallas, investors, 214-953-2083, both of Maxus Energy Corporation/
 (MXS)


CO: Maxus Energy Corporation ST: Texas IN: OIL SU: OFR

TM -- NY097 -- 0765 01/10/94 18:37 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 10, 1994
Words:169
Previous Article:AMI TO REALIZE PRE-TAX GAIN OF $69 MILLION FROM SALE OF EPIC SECURITIES
Next Article:WHEELING-PITTSBURGH STEEL APPOINTS TWO EXECUTIVE VICE PRESIDENTS
Topics:

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