Denbury Resources, Inc. (NYSE:DNR) has commenced change of control offers for the purchase of all remaining outstanding senior subordinated notes of Encore Acquisition Company. The notes include Encore’s 6.25% Senior subordinated Notes due 2014, 6.0% Senior Subordinated Notes due 2015, 9.5% Senior Subordinated Notes due 2016, and 7.25% Senior Subordinated Notes due 2017. The Notes were announced pursuant to the terms and conditions of the Notice of Change of Control and Offer to Purchase Statement, dated March 12, 2010. The offers are set to expire on April 8, 2010 at 11:59 pm ET. Denbury reserves the right to terminate, withdraw, or amend the offers at any time.
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Denbury Resources Inc. (Denbury) is engaged in the acquisition, development, operation and exploration of oil and natural gas properties in the Gulf Coast region of the United States, primarily in Mississippi, Louisiana, Texas and Alabama. On February 5, 2010, the Company sold Genesis Energy, LLC. In March 2010, the Company acquired Encore Acquisition Company.
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