Energy Partners, Ltd. Announces Completion of Acquisition of Oil-Weighted Gulf of Mexico Properties, Closing of Notes Offering and Entry into New Credit Facility

NEW ORLEANS--(BUSINESS WIRE)--Energy Partners, Ltd. (NYSE:EPL) (“EPL” or the “Company”) announced today the closing of three transactions, including the acquisition of oil-weighted Gulf of Mexico shelf properties, closing of $210 million of 8.25% senior Notes due 2018 used to fund the acquisition and entry into a new $250 million credit facility with $150 million of undrawn revolving capacity.