0001193125-11-090067.txt : 20110406 0001193125-11-090067.hdr.sgml : 20110406 20110406143236 ACCESSION NUMBER: 0001193125-11-090067 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20110406 DATE AS OF CHANGE: 20110406 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENN VIRGINIA CORP CENTRAL INDEX KEY: 0000077159 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 231184320 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-13693 FILM NUMBER: 11742859 BUSINESS ADDRESS: STREET 1: 100 MATSONFORD ROAD SUITE 200 STREET 2: FOUR RADNOR CORPORATE CENTER CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6106878900 MAIL ADDRESS: STREET 1: 100 MATSONFORD ROAD SUITE 200 STREET 2: FOUR RADNOR CORPORATE CENTER CITY: RADNOR STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: VIRGINIA COAL & IRON CO DATE OF NAME CHANGE: 19670501 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PENN VIRGINIA CORP CENTRAL INDEX KEY: 0000077159 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 231184320 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 100 MATSONFORD ROAD SUITE 200 STREET 2: FOUR RADNOR CORPORATE CENTER CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6106878900 MAIL ADDRESS: STREET 1: 100 MATSONFORD ROAD SUITE 200 STREET 2: FOUR RADNOR CORPORATE CENTER CITY: RADNOR STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: VIRGINIA COAL & IRON CO DATE OF NAME CHANGE: 19670501 SC TO-I/A 1 dsctoia.htm AMENDMENT NO. 4 TO SCHEDULE TO Amendment No. 4 to Schedule TO

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

AMENDMENT NO. 4 to

SCHEDULE TO

(Rule 14d-100)

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

Penn Virginia Corporation

(Name of Subject Company (Issuer) and Name of Filing Persons (Offeror))

 

 

4.50% Convertible Senior Subordinated Notes due 2012

(Title of Class of Securities)

707882AA4

(CUSIP Number of Class of Securities)

 

 

Nancy M. Snyder Penn Virginia Corporation Four Radnor Corporate Center, Suite 200 100 Matsonford Road Radnor, Pennsylvania 19087 (610) 687-8900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Persons)

 

 

Copies To:

Allan D. Reiss Adorys Velazquez Vinson & Elkins L.L.P. 666 Fifth Avenue, 26th Floor New York, New York 10103 Tel: (212) 237-0000

CALCULATION OF FILING FEE

 

 

 

 

  Transaction Valuation    Amount of Filing Fee

  $238,050,000 (1)

    $27,638 (2)

 

 

(1) The transaction value is estimated only for the purposes of calculating the filing fee. This amount is based on the purchase of $230,000,000 aggregate principal amount of outstanding 4.50% Convertible Senior Subordinated Notes due 2012 at a tender offer price of $1,035.00 per $1,000 principal amount of notes.

 

(2) The amount of the filing fee was calculated at a rate of $116.10 per $1,000,000 of the transaction value.

 

x Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid: $27,438; $200    Filing Party: Penn Virginia Corporation

Form or Registration No.: Schedule TO-I; Schedule TO-I/A

   

Date Filed: March 8, 2011; March 21, 2011

 

¨ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

¨ third-party tender offer subject to Rule 14d-1
x issuer tender offer subject to Rule 13e-4
¨ going-private transaction subject to Rule 13e-3
¨ amendment to Schedule 13D under Rule 13d-2

 

Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨

 

 

 

 

INTRODUCTORY STATEMENT

This Amendment No. 4 (this “Amendment No. 4”) amends and supplements the Tender Offer Statement on Schedule TO originally filed with the United States Securities and Exchange Commission (the “SEC”) on March 8, 2011, as amended by Amendment No. 1 (“Amendment No. 1”) to such Schedule TO filed on March 21, 2011, by Amendment No. 2 (“Amendment No. 2”) to such Schedule TO filed on March 24, 2011 and by Amendment No. 3 (“Amendment No. 3”) to such Schedule TO filed on April 11, 2011 (as amended and supplemented, the “Schedule TO”) by Penn Virginia Corporation, a Virginia corporation (the “Company”). The Schedule TO relates to an offer by the Company to purchase up to all $230,000,000 aggregate principal amount of its outstanding 4.50% Convertible Senior Subordinated Notes due 2012 (the “Convertible Notes”) for cash at a purchase price equal to $1,035.00 per $1,000 principal amount of Convertible Notes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated March 8, 2011 (as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the “Offer to Purchase”), the related Letter of Transmittal (as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer”).

Only those items amended are reported in this Amendment No. 4. Except as specifically provided herein, the information contained in the Schedule TO, the Offer to Purchase, the Letter of Transmittal and the other exhibits to the Schedule TO remains unchanged and this Amendment No. 4 does not modify any of the information previously reported on Schedule TO or in the Offer to Purchase, the Letter of Transmittal or the other exhibits to the Schedule TO. You should read this Amendment No. 4 together with the Schedule TO, the Offer to Purchase and the related Letter of Transmittal.

OFFER TO PURCHASE (Exhibit (a)(1)(i) to the Schedule TO)

The Offer to Purchase is hereby amended as follows:

 

1.   Terms of the Transaction.

All references in the Offer to Purchase to “April 11, 2011” are hereby replaced with “April 12, 2011”.

All references in the Offer to Purchase to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

The third paragraph in the section of the Offer to Purchase titled “The Offer—Conditions to the Offer” on page 17 of the Offer to Purchase, which begins with “Assuming the conditions of the Offer have been satisfied or waived prior to the Expiration Date …”, is hereby deleted in its entirety and replaced with the following paragraph:

Assuming the conditions of the Offer have been satisfied or waived prior to the Expiration Date, we will accept any and all Convertible Notes tendered (and not validly withdrawn) pursuant to the terms set forth in the Offer. On April 4, 2011, the Company announced that it has successfully completed the consent solicitation with respect to the Company’s existing 10.375% Senior Notes due 2016. Accordingly, the Noteholder Consent Condition has been satisfied. In addition, on April 5, 2011, the Company obtained the consents described in the Lender Consent Condition. Accordingly, the Lender Consent Condition has been satisfied. On April 5, 2011, the Company waived the Financing Condition.

LETTER OF TRANSMITTAL (Exhibit (a)(1)(ii) to the Schedule TO)

The Letter of Transmittal is hereby amended as follows:

All references in the Letter of Transmittal to “April 11, 2011” are hereby replaced with “April 12, 2011”.

All references in the Letter of Transmittal to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

NOTICE OF VOLUNTARY OFFERING INSTRUCTION (Exhibit (a)(1)(iii) to the Schedule TO)

The Notice of Voluntary Offering Instruction is hereby amended as follows:

All references in the Notice of Voluntary Offering Instruction to “April 11, 2011” are hereby replaced with “April 12, 2011”.

All references in the Notice of Voluntary Offering Instruction to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

NOTICE OF WITHDRAWAL (Exhibit (a)(1)(iv) to the Schedule TO)

The Notice of Withdrawal is hereby amended as follows:

All references in the Notice of Withdrawal to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

LETTER TO BROKERS (Exhibit (a)(1)(v) to the Schedule TO)

The Letter to Brokers is hereby amended as follows:

All references in the Letter to Brokers to “April 11, 2011” are hereby replaced with “April 12, 2011”.

All references in the Letter to Brokers to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

LETTER TO CLIENTS (Exhibit (a)(1)(vi) to the Schedule TO)

The Letter to Clients is hereby amended as follows:

All references in the Letter to Clients to “April 11, 2011” are hereby replaced with “April 12, 2011”.

All references in the Letter to Clients to “Monday, April 11, 2011” are hereby replaced with “Tuesday, April 12, 2011”.

 

ITEM 12. EXHIBITS

 

  Item 12 is hereby amended and restated as follows:

 

Exhibit

Number

   

Description

(a)(1)(i)

    Offer to Purchase, dated March 8, 2011.*

(a)(1)(ii)

    Letter of Transmittal.*

(a)(1)(iii)

    Notice of Voluntary Offering Instruction.*

(a)(1)(iv)

    Notice of Withdrawal.*

(a)(1)(v)

    Letter to Brokers.*

(a)(1)(vi)

    Letter to Clients.*

(a)(5)

    Press Release, dated March 8, 2011.*

(a)(6)

    Press Release, dated March 21, 2011.**

(a)(7)

    Press Release, dated April 4, 2011.***

(a)(8)

    Press Release, dated April 6, 2011.

(b)

    Not Applicable.

(c)

    Not Applicable.

 

2

Exhibit
Number

   

Description

(d)(1)

    Subordinated Indenture, dated December 5, 2007, among Penn Virginia Corporation, Penn Virginia Holding Corp., Penn Virginia Oil & Gas Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil & Gas LP LLC, Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas, L.P. and Wells Fargo Bank, N.A., as trustee (incorporated herein by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(2)

    First Supplemental Indenture relating to the 4.50% Convertible Senior Subordinated Notes due 2012, dated December 5, 2007, between Penn Virginia Corporation, as issuer and Wells Fargo Bank, N.A., as trustee (incorporated herein by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(3)

    Call Option Confirmation dated November 29, 2007 between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(4)

    Warrant Confirmation dated November 29, 2007 between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(5)

    Call Option Confirmation dated November 29, 2007 between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(6)

    Warrant Confirmation dated November 29, 2007 between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(7)

    Call Option Confirmation dated November 29, 2007 between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.5 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(8)

    Warrant Confirmation dated November 29, 2007 between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.6 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(9)

    Call Option Confirmation dated November 29, 2007 between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.7 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(10)

    Warrant Confirmation dated November 29, 2007 between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.8 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(11)

    Warrant Transaction Amendment between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.9 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

 

3

Exhibit
Number

   

Description

(d)(12)

    Warrant Transaction Amendment between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.10 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(13)

    Warrant Transaction Amendment between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.11 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(d)(14)

    Warrant Transaction Amendment between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.12 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

(e)

    Not Applicable.

(f)

    Not Applicable.

(g)

    Not Applicable.

(h)

    Not Applicable.

* Previously filed with Schedule TO filed March 8, 2011.

** Previously filed with Amendment No. 1 to the Schedule TO filed March 21, 2011.

*** Previously filed with Amendment No. 3 to the Schedule TO filed April 4, 2011.

 

4

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

PENN VIRGINIA CORPORATION
By:  

    /s/  NANCY M. SNYDER

  Name:       Nancy M. Snyder
  Title:       Executive Vice President, Chief
  Administrative Officer, General Counsel and Corporate Secretary

Dated: April 6, 2011

 

5

EXHIBIT INDEX

 

Exhibit
Number

   

Description

(a)(1)(i)    Offer to Purchase, dated March 8, 2011.*
(a)(1)(ii)    Letter of Transmittal.*
(a)(1)(iii)    Notice of Voluntary Offering Instruction.*
(a)(1)(iv)    Notice of Withdrawal.*
(a)(1)(v)    Letter to Brokers.*
(a)(1)(vi)    Letter to Clients.*
(a)(5)    Press Release, dated March 8, 2011.*
(a)(6)    Press Release, dated March 21, 2011.**
(a)(7)    Press Release, dated April 4, 2011.***
(a)(8)    Press Release, dated April 6, 2011.
(b)    Not Applicable.
(c)    Not Applicable.
(d)(1)    Subordinated Indenture, dated December 5, 2007, among Penn Virginia Corporation, Penn Virginia Holding Corp., Penn Virginia Oil & Gas Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil & Gas LP LLC, Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas, L.P. and Wells Fargo Bank, N.A., as trustee (incorporated herein by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(2)    First Supplemental Indenture relating to the 4.50% Convertible Senior Subordinated Notes due 2012, dated December 5, 2007, between Penn Virginia Corporation, as issuer and Wells Fargo Bank, N.A., as trustee (incorporated herein by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(3)    Call Option Confirmation dated November 29, 2007 between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(4)    Warrant Confirmation dated November 29, 2007 between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(5)    Call Option Confirmation dated November 29, 2007 between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(6)    Warrant Confirmation dated November 29, 2007 between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(7)    Call Option Confirmation dated November 29, 2007 between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.5 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).

 

6

Exhibit
Number

   

Description

(d)(8)    Warrant Confirmation dated November 29, 2007 between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.6 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(9)    Call Option Confirmation dated November 29, 2007 between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.7 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(10)    Warrant Confirmation dated November 29, 2007 between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.8 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(11)    Warrant Transaction Amendment between JPMorgan Chase Bank, National Association, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.9 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(12)    Warrant Transaction Amendment between Lehman Brothers OTC Derivatives Inc. and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.10 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(13)    Warrant Transaction Amendment between Wachovia Bank, National Association and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.11 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(d)(14)    Warrant Transaction Amendment between UBS AG, London Branch and Penn Virginia Corporation (incorporated herein by reference to Exhibit 10.12 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 5, 2007 (File No. 001-13283)).
(e)    Not Applicable.
(f)    Not Applicable.
(g)    Not Applicable.
(h)    Not Applicable.

* Previously filed with Schedule TO filed March 8, 2011.

** Previously filed with Amendment No. 1 to the Schedule TO filed March 21, 2011.

*** Previously filed with Amendment No. 3 to the Schedule TO filed April 4, 2011.

 

7

EX-99.(A)(8) 2 dex99a8.htm PRESS RELEASE, DATED APRIL 6, 2011 Press Release, dated April 6, 2011

Exhibit (a)(8)

LOGO

Four Radnor Corporate Center, Suite 200

Radnor, PA 19087

Ph: (610) 687-8900 Fax: (610) 687-3688

www.pennvirginia.com

 

 

FOR IMMEDIATE RELEASE

PENN VIRGINIA CORPORATION ANNOUNCES AMENDMENT AND SECOND

EXTENSION OF THE TENDER OFFER FOR ITS 4.50% CONVERTIBLE SENIOR

SUBORDINATED NOTES DUE 2012

RADNOR, PA (BusinessWire) April 6, 2011 – Penn Virginia Corporation (NYSE: PVA) announced today that it has amended certain terms of its previously announced tender offer for any and all of its outstanding 4.50% Convertible Senior Subordinated Notes due 2012 (the “Convertible Notes”). PVA has amended the tender offer to extend the tender offer until 12:00 Midnight, New York City time, on Tuesday, April 12, 2011, and to state that the lender consent condition described in the Offer to Purchase has been satisfied and that PVA has waived the financing condition described in the Offer to Purchase.

The tender offer has been extended to allow additional time for noteholders to tender Convertible Notes. The tender offer will expire at 12:00 Midnight, New York City time, on Tuesday, April 12, 2011, unless the tender offer is extended or earlier terminated by PVA.

Holders who have previously validly tendered and not withdrawn Convertible Notes do not need to re-tender their Convertible Notes or take any other action in response to the extension of the tender offer. As of 5:00 p.m., New York City time, on April 5, 2011, holders of approximately $225 million aggregate principal amount of Convertible Notes, or approximately 98% of the outstanding Convertible Notes, had tendered and not withdrawn their Convertible Notes pursuant to the tender offer.

The terms and conditions of the tender offer, prior to the amendments described in this release, were set forth in PVA’s Offer to Purchase dated March 8, 2011 (the “Offer to Purchase”) and Letter of Transmittal, dated March 8, 2011 (the “Letter of Transmittal”), and the other related materials that PVA distributed to holders of the Convertible Notes, which were filed with the Securities and Exchange Commission (“SEC”) as exhibits to PVA’s Schedule TO on March 8, 2011 (the “Original Tender Offer Materials”). The Original Tender Offer Materials have been amended and supplemented by Amendment No. 1 to the Schedule TO, which was filed with the SEC on March 21, 2011, Amendment No. 2 to the Schedule TO, which was filed with the SEC on March 24, 2011, Amendment No. 3 to the Schedule TO, which was filed with the SEC on April 5, 2011, and Amendment No. 4 to the Schedule TO, which will be filed with the SEC on April 6, 2011 (collectively, the “Schedule TO Amendments”). The term “tender offer,” when used in this release, shall refer to the terms and conditions described in the Original Tender Offer Materials, as amended and supplemented by the Schedule TO Amendments and this release.

PVA has appointed J.P. Morgan Securities LLC to act as dealer manager for the tender offer and has retained Global Bondholder Services Corporation to serve as the information agent and the depositary.

Questions regarding the tender offer may be directed to J.P. Morgan Securities LLC at 800-261-5767 (U.S. toll free). Requests for documents may be directed to Global Bondholder Services Corporation at 866-540-1500 (U.S. toll free) or at 212-430-3774 (collect), or in writing to 65 Broadway, Suite 404, New York, NY 10006.

The tender offer is only being made pursuant to the terms of the Original Tender Offer Materials, as amended by the Schedule TO Amendments. This press release is for informational purposes only and is not an offer to sell or purchase or the solicitation of an offer to sell or purchase any securities discussed herein. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, “blue sky” or other laws of such jurisdiction.

******

Penn Virginia Corporation (NYSE: PVA) is an independent natural gas and oil company focused on the exploration, acquisition, development and production of reserves in onshore regions of the U.S., including Texas, Appalachia, the Mid-Continent region and Mississippi.

For more information, please visit our website at www.pennvirginia.com.

Certain statements contained herein that are not descriptions of historical facts are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements.

Additional information concerning these and other factors can be found in our press releases and public periodic filings with the Securities and Exchange Commission. Many of the factors that will determine our future results are beyond the ability of management to control or predict. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

 

Contact:    James W. Dean
   Vice President, Corporate Development
   Ph: (610) 687-7531 Fax: (610) 687-3688
   E-Mail: invest@pennvirginia.com
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