The Company intends to use a portion of the net proceeds to repay all indebtedness outstanding under its revolving credit facility and the remainder to fund a portion of the cash consideration for
The 2024 Notes 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
This press release is being issued pursuant to Rule 135C under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the 2024 Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the 2024 Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
All statements included in this release relating to future plans, projects, events or conditions and all other statements other than statements of historical fact included in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release relate to, among other things, the offering of the 2024 Notes and the expected use of proceeds from such offering. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions, including changes in long-term oil and gas prices and other market conditions affecting the oil and gas industry, reservoir performance, the outcome of commercial negotiations and changes in technical or operating conditions, among others, that could cause actual results, including project plans and related expenditures and resource recoveries, to differ materially from those described in the forward-looking statements. Neither
CONTACT: ENQUIRIES OF THE COMPANY
Energy XXI Stewart LawrenceVice President, Investor Relations and Communications 713-351-3006 email@example.com Greg SmithDirector, Investor Relations 713-351-3149 firstname.lastname@example.org Cantor Fitzgerald Europe Nominated Adviser: David Porter, Rick ThompsonCorporate Broking: Richard RedmayneTel: +44 (0) 20 7894 000 Pelham Bell Pottinger James Hendersonjhenderson@pelhambellpottinger.co.uk Mark Antelme mantelme@pelhambellpottinger +44 (0) 20 7861 3232