Energy XXI Gulf Coast, Inc. Announces Private Offering of $1.25 Billion of Senior Secured Second Lien Notes Due 2020
Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI Ltd (“Energy XXI”) (Nasdaq:EXXI), today announced that it has commenced a private offering to qualified institutional buyers of $1.25 billion principal amount of Senior Secured Second Lien Notes due 2020 (the “Notes”), subject to market and other conditions. The Company intends to use a portion of the