UPDATE 1-Bill Barrett to offer $200 mln of senior notes
* To use net proceeds to repay debt
* Subsidiaries to guarantee notes initially
June 24 (Reuters) - Bill Barrett Corp (BBG.N) said it intends to offer $200 million of senior notes due 2016, and use the net proceeds to repay debt.
The oil and gas producer said the notes will be unsecured, unsubordinated obligations of the company, and its subsidiaries will initially guarantee the notes.
Banc of America Securities LLC, Deutsche Bank Securities Inc and J.P. Morgan Securities Inc will be the joint book-running managers for the offering.
Shares of the company closed at $28 Tuesday on the New York Stock Exchange. (Reporting by Antonita Madonna Devotta in Bangalore; Editing by Deepak Kannan)
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