Saba Offering Convertible Debentures
IRVINE —
Saba Petroleum Co. said it is offering $11 million in debentures, primarily to repay debts incurred in acquiring oil and gas properties in Colombia. The debentures, which have been approved for listing on the American Stock Exchange, can be converted into Saba’s common stock at an initial conversion price of $8.75 per share. Saba is an international oil and gas producer.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
