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Bill Barrett Corporation Announces Pricing of Offering of $400 Million of Senior Notes

Bill Barrett Corporation (NYSE: BBG) today announced that it has priced its $400 million aggregate principal amount of 7% Senior Notes due 2022. The notes were sold to the public at par.  The notes will be unsecured obligations of the Company and will be effectively subordinated to the Company's existing and future secured indebtedness to the extent of the value of the assets securing that indebtedness.  Initially, all of the Company's subsidiaries will guarantee the notes.

Interest on the notes is payable April 15 and October 15 of each year. The first interest payment will be payable on October 15, 2012, and will consist of interest from March 12, 2012 to that date. The notes will mature on October 15, 2022. The offering is expected to close on March 12, 2012, subject to customary closing conditions.  The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility and for general corporate purposes, including to repay the entire $172.5 million aggregate principal amount of its 5% Convertible Senior Notes due 2028 that the Company assumes will be put to the Company on March 20, 2012 pursuant to the terms of the indenture governing the 5% Convertible Senior Notes due 2028.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., Wells Fargo Securities, LLC and BMO Capital Markets Corp. were the joint book-running managers for the offering. This offering is being made only by means of a prospectus and related prospectus supplement.

Electronic copies of the prospectus and, when available, the prospectus supplement may be obtained from J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY 10179, Attention High Yield Syndicate, or via telephone at 1-800-245-8812; BofA Merrill Lynch at 4 World Financial Center, 7th Floor, New York, NY 10080, Attention: Prospectus Department, via telephone at 1-800-294-1322 or via email at dg.prospectus_requests@baml.com; Deutsche Bank Securities Inc. at 100 Plaza One, Floor 2, Jersey City, NJ 07311-3901, Attention: Prospectus Department, via telephone at 1-800-503-4611 or via email at prospectus.cpdg@db.com; and from Wells Fargo Securities, LLC at 1525 West W.T. Harris Blvd.,MAC D1109-010, Charlotte, NC, 28262, Attention: Syndicate Operations, or via telephone at 1-800-326-5897; BMO Capital Markets Corp. at 3 Times Square, 28th Floor, New York, NY 10036, Attention: Syndicate Desk, or via telephone at 1-800-414-3627.

The prospectus and, when available, the prospectus supplement may also be obtained from the SEC's website at http://www.sec.gov.

This press release 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 state.

FORWARD-LOOKING STATEMENTS

This press release includes "forward-looking statements" within the meaning of the federal securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  These statements include the Company's plan to complete a public offering of senior notes in aggregate principal amount of $400 million.  Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, including market conditions, operational developments with respect to the Company, and other factors described in the Company's reports filed with the SEC.  See the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and the Company's other filings with the SEC for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements.

ABOUT BILL BARRETT CORPORATION

Bill Barrett Corporation (NYSE: BBG), headquartered in Denver, Colorado, explores for and develops natural gas and oil in the Rocky Mountain region of the United States. Additional information about the Company may be found on its website www.billbarrettcorp.com.

 

Data and Statistics for these countries : Jersey | All
Gold and Silver Prices for these countries : Jersey | All

Bill Barrett Corporation

CODE : BBG
ISIN : US06846N1046
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Corporate Presentations of Bill Barrett Corporation
2/6/2008Posts Updated Investor Presentation
Financings of Bill Barrett Corporation
3/6/2012Announces Pricing of Offering of $400 Million of Senior Note...
9/23/2011Announces Upsizing and Pricing of Offering of $400 Million o...
10/21/2008Announces Increased Commitment on Its Revolving Credit Facil...
Nominations of Bill Barrett Corporation
4/17/2013Announces R. Scot Woodall as Chief Executive Officer and Pre...
1/8/2013Appoints R. Scot Woodall As Interim CEO
7/2/2012Announces Appointment of Carin Barth to its Board of Directo...
12/1/2011Announces Appointment of Kevin Meyers to Its Board of Direct...
8/30/2011Announces Resignation of Randy Foutch From Board of Director...
8/13/2009Appointment of Ed Segner to Its Board of Directors
5/10/2007Appointment to Board of Directors
4/5/2007Announces New Senior Vice President of Operations
Financials of Bill Barrett Corporation
2/20/2014Reports 2013 Financial and Operating Results Including Discr...
10/31/2013Reports Third Quarter 2013 Results, Including Strong Well Re...
8/1/2013Reports Second Quarter 2013 Results, Multiple Strong Well Re...
5/2/2013Reports First Quarter 2013 Results, Positive New Wells in th...
5/3/2012Reports First Quarter 2012 Results and Announces Successful ...
2/23/2012Reports 2011 Results - Cash Flow of $478 million and Proved ...
11/4/2011Reports Third Quarter 2011 Results and Announces Further Enc...
11/2/2010Reports Third Quarter 2010 Results
10/14/2009to Release Third Quarter 2009 Results on November 3, 2009
8/4/2009Reports Second Quarter 2009 Results
7/16/2009to Release Second Quarter 2009 Results on August 4, 2009
5/5/2009Reports First Quarter 2009 Results
4/14/2009to Release First Quarter 2009 Results on May 5, 2009
11/5/2008Reports Gothic Shale Gas Discovery and Third Quarter 2008 Re...
8/5/2008Reports Record Second Quarter 2008 Results
6/20/2008 Second Quarter 2008 Results on August 5, 2008
5/6/2008Reports Record First Quarter 2008 Results
4/3/2008Release First Quarter 2008 Results on May 6, 2008
1/8/2008 Release Fourth Quarter and Full Year 2007 Results on Februa...
11/7/2007 REPORTS THIRD QUARTER 2007 FINANCIAL AND OPERATIONAL RESULT...
9/27/2007 Third Quarter 2007 Results To be Released on November 7
5/8/2007PROVIDES FINANCIAL AND OPERATIONAL UPDATE FOR FIRST QUARTER ...
2/27/2007REPORTS RECORD 2006 FINANCIAL RESULTS AND PROVIDES OPERATION...
Project news of Bill Barrett Corporation
2/4/2014Announces 88% Proved Reserve Growth at Three Active Oil Prog...
2/1/2013Announces 66% Increase in Oil Reserves and 80% Increase in 2...
8/17/2011Closes DJ Basin Oil Acquisition
7/12/2011Announces DJ Basin Oil Acquisition
6/9/2011Closes Uinta Basin Oil Acquisition
5/11/2011Announces Uinta Basin Oil Acquisition
2/23/2011Reports 2010 Results - Another Record Year: Reserves 1.1 Tc...
Corporate news of Bill Barrett Corporation
1/3/2014Announces Upcoming Investor Event
12/10/2013Closes West Tavaputs Sale
10/23/2013Announces $371 Million Sale of the West Tavaputs Natural Gas...
10/18/2013Announces Upcoming Investor Events
9/27/2013Announces Upcoming Investor Event
8/5/2013Announces Kenneth A. Wonstolen as Senior Vice President, Gen...
7/8/2013Announces Upcoming Investor Events
5/22/2013Announces Upcoming Investor Events
4/25/2013Schedules Upcoming Investor Events
3/11/2013Announces Upcoming Investor Event
2/21/2013Reports 2012 Financial and Operating Results and Announces S...
1/7/2013Announces Upcoming Investor Event
1/4/2013Provides 2013 Capital Expenditure Guidance of $475 to $525 M...
1/2/2013Closes Sale of Natural Gas Assets and Provides Brief Update ...
11/29/2012Provides an Operational Update Following Fire at West Tavapu...
11/21/2012Provides an Update of Fire at West Tavaputs Compressor Stati...
11/21/2012Reports Fire at West Tavaputs Compressor Station
10/4/2012Announces Upcoming Investor Events
9/13/2012Announces Upcoming Investor Events
8/2/2012Reports Second Quarter 2012 Results and Announces Big Growth...
7/11/2012Announces Upcoming Investor Events
6/11/2012Announces Upcoming Investor Events
4/10/2012Announces Upcoming Investor Events
3/20/2012Announces Results of Purchase Offer for its 5% Convertible S...
3/5/2012Announces Intent to Offer $400 Million of Senior Notes
3/2/2012Reduces and Redirects 2012 Capital Program, Continues to Inc...
2/21/2012Announces Purchase Offer for its 5% Convertible Senior Notes...
1/24/2012Announces 22% Increase in 2011 Proved Reserves Including 135...
1/18/2012Announces Upcoming Investor Event
1/4/2012Announces Upcoming Investor Events
9/27/2011Announces Upcoming Investor Events
9/20/2011Announces Intent to Offer $300 Million of Senior Notes
8/4/2011Reports Second Quarter 2011 Results and Announces Positive I...
7/14/2011Announces Upcoming Investor Events
3/25/2011Announces Increased Production Guidance to Benefit from High...
1/21/2010Announces 18% Increase in 2009 Proved Reserves, 16% Increase...
9/17/2009Announces Upcoming Investor Events
7/1/2009Upsizing and Pricing of Offering of $250 Million of Senior N...
6/24/2009Intent to Offer $200 Million of Senior Notes
6/15/2009Acquisition of Piceance Basin Acreage
1/22/2009Announces that 2008 Proved Reserves Increased 47%, First Gas...
1/12/2009Announces Upcoming Investor Events
9/26/2008Announces Upcoming Investor Events
8/8/2008Announces Upcoming Investor Events
6/5/2008Announces June Investor Events
5/9/2008Announces Upcoming Investor Events
4/4/2008Present at Howard Weil Conference
3/12/2008Announces Closing of $172.5 Million of 5.0% Convertible Seni...
3/5/2008ANNOUNCES PRICING OF OFFERING OF $150 MILLION OF CONVERTIBLE...
3/4/2008 Announces Intent to Offer $130 Million of Convertible Senio...
2/26/2008Reports 2007 Results: Another Record Year
1/17/2008 Announces 30% Increase in Proved Reserves and Provides 2007...
11/6/2007Announces Upcoming Investor Events
8/16/2007Announces Upcoming Investor Events
8/7/2007RAISES PRODUCTION GUIDANCE AND PROVIDES FINANCIAL AND OPERAT...
5/25/2007Announces Upcoming Investor Events
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