The Storm Water Coalition

HOUSTON, May 17, 2013 /PRNewswire/ – Milagro Oil & Gas, Inc. (“Milagro“), Vanquish Energy, LLC, a newly formed Delaware limited liability company to which Milagro will transfer substantially all of its assets in connection with the consummation of the Exchange Offer (“Vanquish“), and Vanquish Finance, Inc., a Delaware corporation (“Finance Corp.” and, together with Vanquish, the “Issuers“) announced today that they have commenced a private exchange offer (the “Exchange Offer“) to exchange any and all of Milagro’s outstanding 10.500% Senior Secured Second Lien Notes due 2016 (the “Old Notes“) issued under the Indenture dated as of May 11, 2010 (the “Indenture“) among Milagro, the guarantors party thereto and Wells Fargo Bank, N.A., as Trustee, for either (i) Class A Units (the “Class A Units“) of Vanquish and 10.500% Senior Secured Second Lien Notes due 2017 of the Issuers (the “New Notes,” and together with the Class A Units, the “New Securities“) or (ii) cash for up to a maximum of $65.0 million aggregate principal amount of the Old Notes, all on the terms and subject to the conditions as set forth in a confidential offering circular and consent solicitation statement (the “Offering Circular“).  In connection with the Exchange Offer, Milagro is soliciting consents (“Consents“) from holders of the Existing Notes to certain proposed amendments to the Indenture (the “Consent Solicitation“). ↓ Read the rest of this entry…