RAAM Global Energy Company Announces Termination Of Exchange Offer

Aug 23, 2015, 20:09 ET from RAAM Global Energy Company

LEXINGTON, Ky., Aug. 23, 2015 /PRNewswire/ -- RAAM Global Energy Company ("RAAM" or the "Company") announced today it has terminated its previously announced offer to exchange (the "Exchange Offer") any and all of its outstanding 12.50% Senior Secured Notes due 2015 (the "Existing Notes") held by certain eligible holders for newly issued 12.50% Senior Secured Notes due 2019 (the "New Notes") to be issued by RAAM and shares of RAAM's common stock, $0.01 par value per share (the "Exchange Shares"). Concurrently with the Exchange Offer, RAAM was also soliciting consents from holders of the Existing Notes to certain proposed amendments to the indenture governing the Existing Notes (the "Consent Solicitation").

The Exchange Offer and Consent Solicitation, as amended, expired at 11:59 p.m., New York City Time, on August 20, 2015 (such time and date as amended, the "Expiration Date"). RAAM has elected to terminate the Exchange Offer and Consent Solicitation pursuant to the terms and conditions set forth in the Offer to Exchange and Consent Solicitation. The Existing Notes tendered and not withdrawn in the Exchange Offer will not be accepted and will be promptly returned to their respective holders.

This press release is for informational purposes only and does not constitute an offer to purchase the Existing Notes or an offer to sell securities. The Exchange Offer and the Consent Solicitation were only being made pursuant to the offering documents, the supplement thereto and the related consent and letter of transmittal, which explain the full terms and conditions of the Exchange Offer and the Consent Solicitation. The Exchange Offer and Consent Solicitation did not constitute an offer to exchange Existing Notes in any jurisdiction in which it is unlawful to make such an offer under applicable securities law or blue sky laws. Eligible holders should read the Offer to Exchange and Consent Solicitation carefully, as well as any amendments or supplements to those documents, because they will contain important information. In addition, RAAM will provide copies of these documents free of charge to eligible holders upon request to Epiq Systems Inc., at (646) 282-2500 or via email at tabulation@epiqsystems.com (please include "RAAM" in the subject line).

About RAAM Global Energy Company

RAAM Global Energy Company is engaged primarily in the exploration and development of oil and gas properties and in the resulting production and sale of natural gas, condensate and crude oil. RAAM's production facilities are located in the Gulf of Mexico, offshore Louisiana and onshore Louisiana, Texas, and California.

Forward-looking Statements:

Certain statements and information in this press release may constitute "forward-looking statements." The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on RAAM's current expectations and beliefs concerning future developments and their potential effect on RAAM. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting RAAM will be those that it anticipates. RAAM's forward-looking statements involve significant risks and uncertainties (some of which are beyond its control) and assumptions that could cause actual results to differ materially from its historical experience and its present expectations or projections. Forward-looking statements involve known and unknown risks, uncertainties and other factors (some of which are beyond RAAM's control) that may cause RAAM's actual results, performance or achievements to be materially different from the anticipated future results or financial condition expressed or implied by the forward-looking statements.  Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. RAAM undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

SOURCE RAAM Global Energy Company



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