Thursday, February 1, 2018
HOUSTON, Texas –(PRNewswire)– Indigo Natural Resources LLC (“Indigo”) priced the previously announced private offering (the “Notes Offering”) of $650 million of senior unsecured notes due 2026 (the “2026 Notes”). The 2026 Notes will mature on February 15, 2026 and will pay interest at a rate of 6.875%.
The closing of the Notes Offering, which is subject to customary conditions, is expected to occur on February 6, 2018. The securities to be offered in the Notes Offering have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Indigo plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The information in this news release includes “forward-looking statements.” All statements, other than statements of historical fact included in this news release, regarding our strategy, future operations, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this news release, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the exploration for and development, production and sale of natural gas. These risks include, but are not limited to, commodity price volatility, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating natural gas reserves and in projecting future rates of production, cash flow and access to capital, and the timing of development expenditures.
About Indigo Natural Resources LLC
Indigo Natural Resources LLC is an independent natural gas and natural gas liquids company headquartered in Houston, Texas. The company is currently the second largest producer in North Louisiana with operations in the Haynesville Shale, the Cotton Valley formation, where the Company specifically targets the Vaughn horizon in the Holly Field, and the Bossier Shale. The Company’s website is located at www.ndgo.com.
Indigo Natural Resources
Emily Newport, (713) 237-5093
Senior Vice President – Finance and Investor Relations