Williams Prices $2.1 Billion Senior Notes
Williams intends to use the net proceeds of the offering for corporate purposes including repayment of near- term debt maturities.
Vertex Energy Amends Existing Term Loan Agreement
Vertex’s amended term loan provides an incremental $50 million in borrowings to the company, bringing the total outstanding balance on the term loan to $198 million.
Chevron Expects Up to $4 Billion in Fourth-quarter Write Offs
In an SEC filing, Chevron said adversarial regulations in California and bankruptcies in Gulf of Mexico will likely result in billions in lost value.
Alternus Clean Energy Emerges from $575MM Blank Check Acquisition
Law firm Winston & Strawn said Alternus Energy Group combined with a special purpose acquisition company to create a new company, Alternus Clean Energy, in a $575 million transaction.
Pattern Energy Closes $11B Financing for Clean Energy Projects
Pattern Energy said its SunZia Transmission and SunZia Wind projects represent the largest clean energy infrastructure project in U.S. history.
Nabors’ Vast New Energy Source
Nabors partnership with Australian-based solar-thermal energy company Vast Renewables opens a new frontier for energy production.
Ex-Tellurian Head Charif Souki to Get Millions in Severance
Charif Souki, who was terminated without cause in early December, will receive millions in compensation including travel benefits, Tellurian said in regulatory filings.
Japan’s Nidec to Invest in Gore Street Energy Storage Fund
Nidec Corp. said its investment in Gore Street Energy will give the Japanese company “guaranteed participation” in the energy storage system market.
Clean Energy Financing Up to $400MM with Stonepeak for RNG Production
The $400 million in financing from Stonepeak will provide Clean Energy Fuels with capital for new renewable natural gas facilities and expand its fueling infrastructure.
Five Finance Issues to Watch in 2024
Besides consolidation, high yield bond debt refinancing and fossil fuel divestment legislation in California should be on your radar.