Energy XXI Gulf Coast has raised $250 million through a sale of senior notes in the 144a private placement market. The notes, which carry a coupon rate of 7.75%, are due to mature on June 15, 2019.

The company may use the net proceeds to repurchase its 10% senior notes, due 2013, and to repay indebtedness outstanding under its revolving credit facility. RBS was the sole book-running manager on the deal.

Click here for the release from Globe Newswire.