RAAM Global Energy Co. has made certain amendments to its offer to exchange any and all of its outstanding 12.50% senior secured notes due 2015 held by eligible holders for newly issued 12.50% senior secured notes due 2019 to be issued by RAAM and shares of RAAM's common stock, $0.01 par value per share.
Concurrently with the exchange offer, RAAM is soliciting consents from holders of the existing notes to certain proposed amendments to the indenture governing the existing notes.
RAAM is amending the terms of the exchange offer and consent solicitation as follows: RAAM has extended the expiration date for each of the exchange offer and consent solicitation to 11:59 p.m., New York City Time, on Aug. 20, unless extended by RAAM. Withdrawal rights under the exchange offer will be extended to 5 p.m., New York City Time, on Aug. 20.
The exchange offer and consent solicitation, as amended, were scheduled to expire at 11:59 p.m., New York City Time, on Aug. 13. At 5 p.m., New York City Time, on Aug. 13, $225.6 million principal amount of existing notes representing 94.8% of the outstanding principal amount of the existing notes had been validly tendered and not withdrawn in the exchange offer.