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) February 21,
1997 (February 11, 1997)
FORCENERGY INC
(Exact name of registrant as specified in its charter)
Delaware 0-26444 65-0429338
(State or other jurisdiction (Commission IRS Employer
of incorporation) File Number) Identification No.)
2730 SW 3rd Avenue, Suite 800, Miami, Florida 33129-2237
(Address of principal executive offices)
Registrant's telephone number, including area code 305-856-8500
Item 5. Other Events
On February 14, 1997, the Company closed on a private placement
(pursuant to Rule 144A) of $200 million in Senior Subordinated Notes
priced at $99.338 with a coupon of 8.5% and yield to maturity of 8.6%.
The majority of the net proceeds of approximately $194 million was used
to repay all outstanding indebtedness under the Company's senior credit
facility. The balance will be used for general corporate purposes,
including possible future acquisitions and capital expenditures.
Exhibits
99 - Press Release
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.
Forcenergy Inc
E. Joseph Grady
Vice President - Chief Financial Officer
Date: February 21, 1997
Exhibit 99
Press Release # 07-97
For Release: February 11, 1997 Contact: J. Russell Porter
2:45 P.M. (EST) E. Joseph Grady
(305) 856-8500
Forcenergy Completes Sale of $200 Million Senior
Subordinated Notes Offering
MIAMI, FLORIDA (February 11, 1997)...Forcenergy Inc (NASDAQ:FGAS)
announced Tuesday that it has priced the sale of $200 million of
Senior Subordinated Notes priced at $99.338 with a coupon of 8.50% for
a yield to maturity of 8.60%. The offering was increased from $175
million in response to demand for the notes. The offering is scheduled
to close on February 14, 1997.
The subordinated notes offering was managed by Salomon Brothers;
Goldman, Sachs & Co; Donaldson, Lufkin & Jenrette Securities Corporation;
Lehman Brothers; and ING Barings.
The net proceeds to be paid to the Company from the Notes offering
is expected to total approximately $194 million and will be used to
repay all outstanding indebtedness under the Company's senior credit
facility and for general corporate purposes, including possible future
acquisitions and capital expenditures.
Forcenergy Inc is an independent oil and gas company engaged in the
development, exploration, acquisition and production of domestic oil and
natural gas properties.
This announcement is neither an offer to sell nor a solicitation of
an offer to buy the securities. The offer is made only by means of an
offering memorandum. Copies of the offering memorandum may be obtained in
any jurisdiction in which this announcement is circulated only from such
of the underwriters as may legally offer these securities in such
jurisdiction. Copies of the offering memorandum may be obtained from
Salomon Brothers Inc., Seven World Trade Center, New York, New York
10048.
end
