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Houston, December 18, 2012 - EP Energy LLC (“EP Energy”) announced today that its parent company, EPE Holdings LLC (“EPE Holdings”), intends to offer $350 million aggregate principal amount of Senior PIK Toggle Notes due 2017 (the “Notes”) in a private placement.
EPE Holdings intends to use the proceeds from this private offering to make a return of capital to its equity holders and pay certain related transaction costs and expenses.
The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non‐U.S. investors pursuant to Regulation S. The Notes will not be initially registered under the Securities Act or any state securities laws andmay not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale wouldbe unlawful.
About EPE Holdings and EP Energy
EPE Holdings is a holding company that has no material assets or operations other than the ownership of the equity interests of EP Energy and EP Energy BondCo Inc., a subsidiary formed for the purpose of facilitating the private placement of the Notes.
The EP Energy team has a passion for finding and producing the oil and gas that enriches people’s lives. As a leading North American oil and natural gas producer, EP Energy has a proven strategy, a significant reserve base, multi‐year drilling opportunities, and a strategic presence in fast‐emerging unconventional resource areas. EP Energy is active in all phases of the E&P value chain—exploring for, acquiring, developing and producing oil and natural gas. For more information about EP Energy, visit epenergy.com.
This release includes “forward‐looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “project,” “might,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “continue” or “pursue,” or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, future actions, new projects, strategies, future performance, the outcomes of contingencies and future financial results of EP Energy. These forward‐looking statements are based on current expectations and projections about future events.
Any forward‐looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. EP Energy disclaims any obligation to update the forward‐looking statements. You are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release.
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