DENVER, April 28, 2017 /PRNewswire/ -- Bill Barrett
Corporation (the "Company") (NYSE:BBG) today announced the closing
of its previously announced offering of $275
million principal amount of 8.75% senior unsecured notes due
2025 (the "notes"). The Company intends to use the net
proceeds from the offering, together with available cash on hand,
to fund the redemption and repurchase of all of its outstanding
7.625% Senior Notes due 2019 and all of its outstanding 5%
Convertible Senior Notes due 2028. The Company has issued notices
of redemption in respect of such notes.
This press release is neither an offer to sell nor the
solicitation of an offer to buy the notes or any other securities.
The notes were offered in the United
States only to qualified institutional buyers in reliance on
Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and outside the United
States in reliance on Regulation S under the Securities
Act. The notes have not been registered under the Securities
Act and may not be offered or sold in the
United States without registration or an applicable
exemption from registration requirements.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this news release related to the Company's planned
use of proceeds from the offering, and all other statements other
than statements of historical fact, are forward-looking statements
that are made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results to differ materially from the
forward-looking statements. The Company urges you to carefully
review and consider the cautionary statements made in this press
release, the "Risk Factors" section of the Annual Report on Form
10-K for the year ended December 31,
2016, filed with the Securities and Exchange Commission
("SEC") on March 2, 2017, and other
filings with the SEC for further information on risks and
uncertainties that could affect the Company's business, financial
condition and results of operations, which are incorporated by this
reference as though fully set forth herein. The Company cautions
you not to place undue reliance on forward-looking statements,
which speak only as of the date made. The Company undertakes no
obligation to update any forward-looking statements in order to
reflect any event or circumstance occurring after the date of this
release or currently unknown facts or conditions or the occurrence
of unanticipated events. All forward looking statements are
qualified in their entirety by this cautionary statement.
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SOURCE Bill Barrett Corporation