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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
March 14, 2003
Date of Report (Date of earliest event reported)
ENERGY PARTNERS, LTD.
(Exact name of registrant as specified in its charter)
Delaware 001-16179 72-1409562
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
201 St. Charles Avenue, Suite 3400
New Orleans, Louisiana 70170
(Address of principal executive offices)
(504) 569-1875
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other events.
The Company announced on Friday, March 14, 2003 the filing of a
registration statement with the Securities and Exchange Commission relating to a
proposed public offering of up to $80.5 million of common stock. The Company
intends to offer up to $40 million of common stock under the registration
statement. Selling stockholders Evercore Capital Partners, L.P. and certain of
its affiliates and Energy Income Fund, L.P. intend to offer up to $40.5 million
of common stock under the registration statement, including an overallotment
option of up to $10.5 million. The Company intends to use its net proceeds of
the offering to repay a portion of outstanding borrowings under its revolving
credit facility. The Company will not receive any proceeds from the shares
offered by the selling stockholders.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is filed herewith:
Exhibit No. Description
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99.1 Press Release, dated March 14, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: March 17, 2003
ENERGY PARTNERS, LTD.
By: /s/ Suzanne Baer
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Name: Suzanne Baer
Title: Executive Vice President
Exhibit 99.1
EPL FILES S-3 REGISTRATION STATEMENT
New Orleans, Louisiana, March 14, 2003...Energy Partners, Ltd. ("EPL")
(NYSE:EPL) announced today the filing of a registration statement with the
Securities and Exchange Commission relating to a proposed public offering of up
to $80.5 million of common stock. The Company intends to offer up to $40 million
of common stock under the registration statement. Selling stockholders Evercore
Capital Partners, L.P. and certain of its affiliates and Energy Income Fund,
L.P. intend to offer up to $40.5 million of common stock under the registration
statement, including an overallotment option of up to $10.5 million. The Company
intends to use its net proceeds of the offering to repay a portion of
outstanding borrowings under its revolving credit facility. The Company will not
receive any proceeds from the shares offered by the selling stockholders.
Credit Suisse First Boston and Merrill Lynch & Co. are joint book-running
managers for the offering. When available, copies of the preliminary prospectus
relating to the offering may be obtained from the offices of Credit Suisse First
Boston LLC, Prospectus Department, One Madison Avenue, New York, New York
10010-3629, 212-325-2580; and Merrill Lynch & Co., 4 World Financial Center, New
York, New York 10080.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
Energy Partners, Ltd. is an independent oil and natural gas exploration and
production company. Headquartered in New Orleans, the Company's operations are
focused on the shallow to moderate depth waters of the Gulf of Mexico Shelf.
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Any statements made in this news release, other than those of historical fact,
about an action, event or development, which the Company hopes, believes or
anticipates may or will occur in future, are "forward-looking statements" under
U. S. securities laws. Such statements are subject to various assumptions, risks
and uncertainties, which are specifically described in our Annual Report on Form
10-K for fiscal year ended December 31, 2002 filed with the Securities and
Exchange Commission. Forward-looking statements are not guarantees of future
performance or an assurance that the Company's current assumptions and
projections are valid. Actual results may differ materially from those
projected.
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