Denbury Announces Pricing and Upsizing ofÂ $450 Million Offering ofÂ new 7.5% Senior Secured Second Lien Notes due 2024

Aug 15, 2018

PLANO, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced the pricing and upsizing to $450 million of its previously announced private offering (the “Offering”) of $400 million aggregate principal amount of Senior Secured Second Lien Notes due 2024 (the “New Second Lien Notes”). The New Second Lien Notes will bear interest at a per annum rate of 7.5% and were sold at an issue price of 100%. The Offering is expected to close on August 21, 2018.

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