FEEC News Far East Energy Announces Private Placem

FEEC News Far East Energy Announces Private Placement of Senior Secured Notes

2012-07-12 06:00 ET - News Release

HOUSTON, July 12, 2012 /PRNewswire/ -- Far East Energy Corporation(OTCBB:FEEC) today announced the intention of Far East Energy (Bermuda), Ltd., a wholly owned subsidiary of Far East Energy Corporation, to offer, subject to market conditions, senior secured notes due 2017 in a private placement not registered under the Securities Act of 1933, as amended (the "Securities Act").  Far East Energy (Bermuda) expects to use the net proceeds from the notes offering to repay all of the indebtedness outstanding under its existing $20.3 million secured term loan and for drilling and completion capital, general corporate purposes and to fund a portion of the interest payments under the notes.  There can be no assurance that the issuance and sale of any notes or the repayment of our existing indebtedness will be consummated.

This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.  This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor any sale of these securities in any state in which such offer, solicitation or sale be unlawful prior to registration or qualification under the securities laws of such state.  The securities to be offered have not been registered under the Securities Act 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 of the Securities Act and applicable state securities laws. The securities will be offered inside the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act