Pioneer Southwest To Sell $500M In Equity, Debt

Law360, New York (October 20, 2009, 12:21 PM EDT) -- The oil and gas property holding company Pioneer Southwest Energy Partners LP and its wholly owned subsidiary PSE Finance Corp. have said they will sell $500 million in equity and debt.

The common units represent limited partner interests, and the debt may be senior debt securities or subordinated debt securities, according to a filing Monday with the U.S. Securities and Exchange Commission.

PSE Finance may act as co-issuer of the debt securities. The companies said that if a series of debt securities was guaranteed, the series...
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