Mcmoran Exploration CO /DE/ - Current report filing (8-K)
November 09 2007 - 4:16PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): November 8,
2007
McMoRan
Exploration Co.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
001-07791
|
|
72-1424200
|
(State
or other jurisdiction of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer Identification Number)
|
1615
Poydras Street
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|
New
Orleans, Louisiana
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70112
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(Address
of principal executive offices)
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(Zip
Code)
|
Registrant's
telephone number, including area code: (504) 582-4000
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
8.01
Other Events.
McMoRan
issued a press release dated November 8, 2007, announcing that it has priced
$300 million of 11.875% senior notes due on November 15,
2014. The transaction is expected to settle on November
14, 2007 (see Exhibit 99.1).
McMoRan
will use net proceeds of approximately $292 million to repay indebtedness
under
its unsecured bridge loan facility that was used to partially fund the
acquisition of substantially all of the oil and gas properties of Newfield
Exploration Company located on the outer continental shelf of the Gulf of
Mexico
. McMoRan
expects to repay the remaining amounts outstanding under its unsecured bridge
loan by borrowing an additional $58 million under its revolving bank credit
facility.
Item
9.01.
Fi
nancial Statements and Exhibits.
(d)
Exhibits.
The
Exhibits included as part of this Current Report are listed in the attached
Exhibit Index.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
McMoRan
Exploration Co.
By:
/s/
Nancy D. Parmelee
----------------------------------------
Nancy
D.
Parmelee
Senior
Vice President, Chief Financial Officer &
Secretary
(authorized
signatory and
Principal
Financial Officer)
Date: November
9, 2007
McMoRan
Exploration Co.
Exhibit
Index
Exhibit
No.
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Description
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Press
release dated November 8, 2007, titled “McMoRan Exploration Co. Prices
$300 Million of 11.875% Senior Notes due
2014.”
|
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