Seeking Alpha

Warren Resources (WRES -2.8%) shares are weak after the energy explorer postponed its debut...

Warren Resources (WRES -2.8%) shares are weak after the energy explorer postponed its debut issue of $200M of eight-year bonds. The senior notes, rated Caa1 by Moody’s, reportedly were marketed beginning May 30, and were marketed to yield 8.25%-8.5% on June 6. The company says it can be more “opportunistic about timing."
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