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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): SEPTEMBER 22, 1999
PLAINS RESOURCES INC.
(Exact name of registrant as specified in charter)
DELAWARE 0-9808 13-2898764
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
500 DALLAS STREET, SUITE 700
HOUSTON, TEXAS 77002 77002
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (713) 654-1414
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ITEM 5. OTHER EVENTS.
On September 22, 1999, the Registrant announced it had completed the sale
of $75 million principal amount of senior subordinated notes due 2006, Series E.
The new bonds were issued pursuant to a 144A private placement. The
Registrant's announcement is attached as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
[99.1] - Press release of the Registrant dated September 22, 1999,
announcing the sale of $75 million principal amount of Senior
Subordinated Notes Due 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: September 22, 1999
PLAINS RESOURCES INC.
By: /s/ Michael R. Patterson
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Name: Michael R. Patterson
Title: Vice President
1
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INDEX TO EXHIBITS
Number Exhibit
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[99.1] Press release of the Registrant dated September 22,
1999, announcing the sale of $75 million principal amount of Senior
Subordinated Notes Due 2006.
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EXHIBIT 99.1
CONTACT: PHILLIP D. KRAMER
EXECUTIVE VICE PRESIDENT AND CFO
(713) 654-1414 / (800) 934-6083
FOR IMMEDIATE RELEASE
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PLAINS RESOURCES COMPLETES
SALE OF $75,000,000
SENIOR SUBORDINATED NOTES DUE 2006
(HOUSTON - SEPTEMBER 22, 1999) PLAINS RESOURCES INC. (AMEX:PLX) ANNOUNCED
TODAY IT HAD COMPLETED THE PREVIOUSLY ANNOUNCED SALE OF $75 MILLION PRINCIPAL
AMOUNT OF SENIOR SUBORDINATED NOTES DUE 2006, SERIES E. SUCH NOTES BEAR A
STATED COUPON RATE OF 10.25% AND WERE ISSUED AT 101% OF PAR, FOR A YIELD-TO-
WORST OF 9.97%. THE NEW BONDS WERE ISSUED PURSUANT TO A 144A PRIVATE PLACEMENT.
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE
UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION
REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES
IN ANY STATE IN WHICH SUCH AN OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.
PLAINS RESOURCES IS AN INDEPENDENT ENERGY COMPANY ENGAGED IN THE
EXPLORATION, ACQUISITION, DEVELOPMENT AND EXPLOITATION OF CRUDE OIL AND NATURAL
GAS AND THE MIDSTREAM ACTIVITIES OF MARKETING, TRANSPORTATION, TERMINALLING AND
STORAGE OF CRUDE OIL. THE COMPANY IS HEADQUARTERED IN HOUSTON, TEXAS.
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