-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QwOF965Z3wmMZZllQQibuHe4RqBYyN57dkgSK1nShKaQe8dP4we1Dwy3X2mQbc03 lNGC+5zJRM9TW9EmsEaKjA== 0000950123-10-008288.txt : 20100203 0000950123-10-008288.hdr.sgml : 20100203 20100203154014 ACCESSION NUMBER: 0000950123-10-008288 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100203 DATE AS OF CHANGE: 20100203 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DENBURY RESOURCES INC CENTRAL INDEX KEY: 0000945764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752815171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-164630 FILM NUMBER: 10570535 BUSINESS ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9726732000 MAIL ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: NEWSCOPE RESOURCES LTD DATE OF NAME CHANGE: 19950627 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DENBURY RESOURCES INC CENTRAL INDEX KEY: 0000945764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752815171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 BUSINESS PHONE: 9726732000 MAIL ADDRESS: STREET 1: 5100 TENNYSON PARKWAY STREET 2: SUITE 3000 CITY: PLANO STATE: TX ZIP: 75024 FORMER COMPANY: FORMER CONFORMED NAME: NEWSCOPE RESOURCES LTD DATE OF NAME CHANGE: 19950627 FWP 1 h69305fwfwp.htm FWP fwp
Filed Pursuant to Rule 433
Registration Statement No. 333-164630
February 3, 2010
Denbury Resources Inc.
Pricing Term Sheet
     
Issuer:  
Denbury Resources Inc.
   
 
Security Description:  
Senior Subordinated Notes
   
 
Distribution:  
SEC Registered
   
 
Aggregate Principal Amount:  
$1,000,000,000
   
 
Gross Proceeds:  
$1,000,000,000
   
 
Net Proceeds (Before Expenses):  
$980,000,000
   
 
Coupon:  
8.250%
   
 
Maturity:  
February 15, 2020
   
 
Offering Price:  
100.0% of face amount, plus accrued interest from February 10, 2010
   
 
Yield to Maturity:  
8.250%
   
 
Spread to Benchmark Treasury:  
+457 bps
   
 
Benchmark Treasury:  
UST 3.375% due 11/15/2019
   
 
Interest Payment Dates:  
February 15 and August 15, commencing August 15, 2010
   
 
Optional Redemption:  
Make-whole call at T+50 until February 15, 2015
   
 
   
On or after February 15, 2015: 104.125%
   
On or after February 15, 2016: 102.750%
   
On or after February 15, 2017: 101.375%
   
On or after February 15, 2018 and thereafter: 100%
   
 
Equity Clawback:  
Prior to February 15, 2013, up to 35% may be redeemed at 108.250%
   
 
Change of Control:  
Put @ 101% of principal plus accrued interest

 

 

     
Trade Date:  
February 3, 2010
   
 
Settlement:  
T+5; February 10, 2010
   
 
CUSIP:  
24823UAG3
   
 
ISIN:  
US24823UAG31
   
 
Ranking:  
Senior subordinated unsecured obligations of Issuer
   
 
Ratings:  
B1/BB
   
 
Denominations:  
2,000x1,000
   
 
Book-Running Managers:  
J.P. Morgan Securities Inc.
   
Banc of America Securities LLC
   
RBC Capital Markets Corporation
   
UBS Securities LLC
   
Wells Fargo Securities, LLC
   
 
Co-Managers:  
BNP Paribas Securities Corp.
   
Credit Suisse Securities (USA) LLC
   
Scotia Capital Inc.
   
Calyon Securities (USA) Inc.
   
BBVA Compass Bank
   
Capital One Southcoast, Inc.
   
Comerica Securities, Inc.
   
Suntrust Robinson Humphrey, Inc.
   
ING Financial Markets LLC
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-212-270-3994.

 

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