June 11, 2009 (FinancialWire) — Mariner Energy, Inc. (NYSE: ME) said it has closed underwritten public offerings of common stock and 11.75% senior notes due 2016. Mariner used the aggregate net sales proceeds of $446.2 million to repay debt under its bank credit facility.

The company sold 11.5 million shares of common stock at a public offering price of $14.50 per share, including 1.5 million shares issued upon full exercise of the underwriters’ overallotment option.

Mariner also sold $300 million in aggregate principal amount of the senior notes at 97.093% of principal amount, for an initial yield to maturity of 12.375%.

The company saw net proceeds of $160.2 million from the sale of stock and $286.0 million from the sale of senior notes.

Houston-based Mariner Energy is an independent oil and gas exploration, development, and production company with principal operations in the Permian Basin and the Gulf of Mexico.

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