Vintage Petroleum starts roadshow Friday for $250 million 10-year notes

By Paul A. Harris

St. Louis, Mo., April 17 - Vintage Petroleum, Inc. will hit the road Friday to market $250 million of new 10-year senior notes (existing senior subordinate ratings B1/B), according to a market source.

Deutsche Bank Securities Inc. and BMO Nesbitt Burns are joint bookrunners and other syndicate players are likely to surface.

The Rule 144A notes are non-callable for five years.

The Tulsa, Okla. oil and gas exploration and production company will use proceeds to repay bank debt.

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