Convertibles Calendar: Stone Energy to price $250 million convertibles

FEBRUARY 29

STONE ENERGY CORP. (NYSE: SGY): $250 million five-year convertible notes; to yield 1.75%-2.25%, up 25%-30%; Rule 144A; $25 million greenshoe; final terms after the market close Wednesday; via bookrunners Barclays Capital Inc. and Bank of America Merrill Lynch; non-callable, no puts; dividend and change-of-control protection; contingent conversion at a price hurdle of 130%; concurrent convertible note hedge and warrant transactions; proceeds for general corporate purposes, including longer-term financing for recently closed acquisitions and repayment of outstanding borrowings under the company's bank credit facility; Lafayette, La.-based independent oil and natural gas exploration and development company.

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