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PDC Energy to redeem 7¾% senior notes due 2022 via new notes
By Marisa Wong
Morgantown, W.Va., Nov. 14 – PDC Energy, Inc. said it plans to redeem its 7¾% senior notes due 2022 using proceeds from an offering of new senior notes.
The company announced a $600 million offering of senior notes due 2026 on Tuesday.
Remaining proceeds will be used to help fund an acquisition of properties owned by Bayswater Exploration & Production, LLC and for general corporate purposes, according to a press release.
The oil and gas exploration and production company is based in Denver.
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