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Friday, 21 November, 2008, 21:40 GMT | more >>

Swift hawks debt notes



By Upstream staff 

US independent Swift Energy said it would offer up to $250 million in senior debt notes due in 2017.

Swift, which is involved in oil exploration and production in New Zealand and the US, said it would use proceeds of the sale to redeem $200 million in debt due in 2012.

JP Morgan Securities and Credit Suisse are joint book-runners on the placement.

Swift said earlier this week it was considering alternatives, including a possible sale, for its New Zealand unit.


Thursday, 17 May, 2007, 16:44 GMT  | last updated: Thursday, 17 May, 2007, 16:44 GMT

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