Benton Oil Files for Bond Offering
- Share via
Benton Oil & Gas Co., an Oxnard energy concern, said it has filed a registration statement with the Securities and Exchange Commission for a proposed bond offering of up to $10 million on a “best-efforts” basis. Depending on the amount raised in the offering, the proceeds will be used to repay debt and to fund capital expenditures, Benton said.
A best-efforts offering is typically used for more speculative securities. In the offering, brokers agree only to do their best to sell an issue to the public, as opposed to an offering that is underwritten by an investment banker, which buys the securities outright and resells them to investors.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
John Orr was a renowned fire investigator who was also a prolific arsonist, and whose thinly veiled novel helped to convict him. In this episode we hear from the fire captain who first suspected him—and from Orr himself.
Madison McGhee is joined by legendary Dateline host Josh Mankiewicz and esteemed L.A. Times Reporter Richard Winton as the three of them dive into all-things Menendez Brothers, the good, the bad, and the still unknown.
NPR climate editor Sadie Babits talks about why the media has long overlooked the climate crisis, and how that’s starting to change.
