Carrizo Says Me Too

Carrizo Oil & Gas announced today the issuance of $275mm in convertible debt. Carrizo intends to use the estimated $268.8 million of net proceeds from the offering (net of underwriting discounts) to repay in full the outstanding borrowings under its second lien credit facility and to fund, in part, its capital expenditure program for 2008, including drilling and land acquisition programs in the Barnett Shale, the Marcellus Shale and elsewhere, and for other corporate purposes.

Full Story at http://biz.yahoo.com/ap/080521/carrizo_oil_gas_offering.html?.v=1