Pengrowth Corp.Toronto: PGF-UNCalgaryC$526.8 millionPrivately placed 23.3 million units at C$22.60 each to acquire the Carson Creek assets in Alberta, pay debt on its revolving credit facility and for general corporate purposes. RBC Capital Markets was lead underwriter; other underwriters were BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Sprott Securities Inc., Canaccord Capital Corp., Raymond James Ltd., Dundee Securities Corp., FirstEnergy Capital Corp. and Peters & Co. Ltd.
Augustus Energy Partners LLCNABillings, Mont.US$228 millionReceived a private-equity commitment from Greenhill Capital Partners, Kayne Anderson Capital Advisors and Lime Rock Partners to fund acquisitions and operations.
Bristow Group Inc.NYSE: BRSHoustonUS$222.8 millionIssued 5.5% mandatory convertible preferred shares.
Universal Compression Partners LPNasdaq: UCLPHoustonUS$115.5 millionPriced its IPO of 5.5 million units at US$21 each, representing 42.6% of outstanding equity. Merrill Lynch & Co. and Lehman Brothers were joint book-running managers, Wachovia Securities was joint lead manager and A.G. Edwards and Deutsche Bank Securities were co-managers.
Breitburn Energy Partners LPNasdaq: BBEPLos AngelesUS$111 millionPriced its IPO of 6 million units at US$18.50 each. RBC Capital Markets Corp. and Citigroup Global Markets Inc. were joint book-running managers and joint-lead managers, Credit Suisse Securities (USA) LLC was senior co-manager and A.G. Edwards & Sons Inc., Wachovia Capital Markets, LLC, Deutsche Bank Securities Inc. and Canaccord Adams Inc. are co-managers.
Endeavour International Corp.Amex: ENDHoustonUS$82.3 millionWill publicly offer 35 million shares at US$2.35 each to acquire properties offshore the U.K. from Talisman Energy. Joint book-running managers are J.P. Morgan Securities Inc. and Credit Suisse Securities (USA) LLC.
EV Energy Partners LPNasdaq: EVEPHoustonUS$78 millionPriced its IPO of 3.9 million units at US$20 each. A.G. Edwards & Sons Inc. was book-running manager, Raymond James & Associates Inc. was co-lead manager and Wachovia Capital Markets LLC and Oppenheimer & Co. were co-managers.
Leaf Financial Corp.NAPhiladelphiaUS$60 millionPublicly offered shares of Lease Equity Appreciation Fund II LP.
Debt
Blake Offshore LLCNANew OrleansUS$51 millionPlaced subordinated notes and Class B units with Avista Capital Partners to retire debt and fund the upgrade of two drilling rigs.
PCB&INYSE: CBIThe Woodlands, TexasUS$850 millionEntered a five-year revolving credit facility, amending its previous US$600-million facility. JPMorgan Chase Bank and Bank of America are lead syndicate agents and Wells Fargo Bank, Bank of Montreal, BNP Paribas and The Royal Bank of Scotland are agents.
Swift Energy Co.NYSE: SFYHoustonUS$500 millionIncreased its revolving credit facility from US$400 million to acquire assets in South Louisiana. JPMorgan Securities Inc. was arranger and Amegy Bank, Bank of Scotland, BNP Paribas, Calyon, Comerica Bank, Compass Bank, JPMorgan Chase Bank, Natexis Banques Populaires, Societe Generale and Wells Fargo Bank were agents.
Anadarko Petroleum Corp.NYSE: APCHoustonUS$500 millionPlans to privately place 5.24% senior unsecured notes to fund the acquisitions of Kerr-McGee Corp. and Western Gas Resources Inc.
Foster Wheeler Ltd.Nasdaq: FWLTHamilton, BermudaUS$350 millionClosed a five-year senior secured domestic credit facility with an initial borrowing base of US$100 million for working capital.
Savanna Energy Services Corp.Toronto: SVYCalgaryC$250 millionEntered a revolving credit facility with The Toronto-Dominion Bank as lead syndicate agent and The Bank of Nova Scotia, HSBC Bank Canada, Alberta Treasury Branches and Royal Bank of Canada as agents.
Berry Petroleum Co.NYSE: BRYBakersfield, Calif.US$200 millionPlans to offer 8.25% senior subordinated notes due 2016. J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Wells Fargo Securities LLC and Goldman, Sachs & Co. are joint book-running managers.
Connacher Oil & Gas Ltd.Toronto: CLLCalgary US$195 millionEntered a US$180-million senior secured B term loan facility due 2013 and a US$15-million senior secured working-capital facility due 2011. BNP Paribas is lead manager and book-running manager.
Hornbeck Offshore Services Inc.NYSE: HOSCovington, La.US$100 million Closed a new five-year senior secured revolving credit facility due 2011 that raises the initial burrowing base from US$60 million. Wells Fargo Bank was lead arranger and book-runner, Comerica Bank was syndication agent and Amegy Bank, Capital One, DnB NOR Bank, Fortis Capital Corp. and JPMorgan Chase Bank are lenders.
Capitol Energy Resources Ltd.Toronto: CPXCalgaryC$60 millionIncreased its revolving credit with The National Bank of Canada from C$33 million to C$45 million and set its non-revolving development credit facility at C$15 million.
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