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NEG plans $200m offering



By Upstream staff 

NEG Oil & Gas has filed with regulators to sell up to $200 million in senior notes due 2014.

NEG will used the cash raised to repay debt, pay a distribution to American Real Estate Partners and to pay the expenses of NEG Inc's concurrent initial public equity offering.

Bear Stearns & Co and Citigroup will underwrite the offering, according to a registration statement with the US Securities & Exchange Commission.


Monday, 31 July, 2006, 10:25 GMT  | last updated: Monday, 31 July, 2006, 10:25 GMT

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