Endeavor Announces Redemption of 5.500% Senior Notes Due 2026

Endeavor Announces Redemption of 5.500% Senior Notes Due 2026

16:00 14 September in News

MIDLAND, Texas – (September 14, 2021) – Endeavor Energy Resources, L.P. (“Endeavor”) and its wholly owned subsidiary EER Finance, Inc. announced today that they will redeem $500 million in aggregate principal amount, representing all of the aggregate principal amount currently outstanding, of their 5.500% Senior Notes due 2026 (the “Notes”) on October 14, 2021, the redemption date for the Notes.

The redemption price for the Notes will be equal to 104.125% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. Interest on the Notes will cease to accrue on and after the redemption date.

Additional information concerning the terms and conditions of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.

Forward-Looking Statements

This communication includes statements regarding this private placement that may contain forward-looking statements within the meaning of federal securities laws. Endeavor believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this communication, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions, governmental regulations, the future actions of foreign oil producers such as Saudi Arabia and Russia and the effects of such actions on the supply of oil, and the impact of world health events such as the COVID-19 pandemic.

Erin Vito

evito@enercominc.com