CompanyExchange / SymbolHeadquartersAmountComments
Chesapeake Energy Corp.NYSE: CHKOklahoma CityUS$1 billionPlans to offer 30 million shares at approximately US$33.33 each to pay debt. Deutsche Bank Securities is underwriter.
Pengrowth Energy TrustToronto: PGF.UNCalgaryC$461 millionSold 24.3 million units at C$19 each to fund the acquisition of Burlington Resources' Canadian subsidiaries from ConocoPhillips. RBC Capital Markets was lead underwriter and BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., Merrill Lynch Canada Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corp., Raymond James Ltd., Sprott Securities Inc., Dundee Securities Corp., FirstEnergy Capital Corp., Peters & Co. Ltd. and Tristone Capital Inc. were underwriters.
Linn Energy LLCNasdaq: LINEHoustonUS$360 millionPlans to privately place 6.7 million units and 7.5 million class C units for a total 14.1 million units at US$25.50 each to fund the acquisition of properties in Texas and West Virginia. Lehman Brothers Inc., Citigroup Global Markets Inc., RBC Capital Markets Corp. and Jefferies & Co. Inc. are lead placement agents. Zimmer Lucas Partners LLC is leading the investor group, GPS Partners LLC and Lehman Brothers MLP Partners LP are co-leading. Investors are Goldman, Sachs & Co., Alerian Capital Management LLC, RCH Energy and funds managed by Fiduciary Asset Management LLC.
North American Energy PartnersToronto: NOAAcheson, AlbertaUS$222 millionClosed its IPO of 13.9 million shares at US$16 each. The company sold 8.75 million shares; certain shareholders sold 3.75 million. Credit Suisse Securities (USA) LLC, UBS Securities LLC and Jefferies & Co. Inc. were joint book-running managers, CIBC World Markets Corp. was co-lead manager, Simmons & Co. International and Stephens Inc. were U.S. co-managing underwriters and Peters & Co. Ltd. was Canadian co-managing underwriter.
Teekay Offshore Partnership LPNYSE: TOONassau, BahamasUS$147 millionPriced its IPO of 7 million units at US$21 each. Citigroup Corporate and Investment Banking and Merrill Lynch & Co. are joint book-running managers and other underwriters are Morgan Stanley, A.G. Edwards & Sons, Deutsche Bank Securities, Raymond James, Simmons & Co. International, DnB NOR Markets and Fortis Securities.
Atlas Energy Resources LLCNYSE: ATNPhiladelphiaUS$132.8 millionPriced its IPO of 6.3 million units at US$21 each. UBS Investment Bank was book-running manager, A.G. Edwards & Sons and Wachovia Securities were joint-lead managers and co-managers were RBC Capital Markets, Friedman Billings Ramsey, KeyBanc Capital Markets, Credit Suisse, Sanders Morris Harris and Stifel Nicolaus.
Superior Well Services Inc.Nasdaq: SWSIIndiana, Pa.US$89.6 millionSold 3.7 million shares at approximately US$24 each to pay debt, and fund capex. KeyBanc Capital Markets, a division of McDonald Investments Inc., was book-running manager, and A.G. Edwards & Sons Inc., RBC Capital Markets Corp., Simmons & Co. International and Johnson Rice & Co. LLC were co-managers.
GulfMark Offshore Inc.Nasdaq: GMRKHoustonUS$77 millionPlans to sell 2 million shares at US$38.50 each to Jefferies & Co. Inc. to pay debt and for general corporate purposes.
DEBT
Complete Production Services Inc.NYSE: CPXHoustonUS$650 millionClosed its private offering of 8% senior notes due 2016 to pay debt, including debt it assumed in the acquisition of Pumpco Services Inc.
Chesapeake Energy Corp.NYSE: CHKOklahoma CityUS$526.1 millionWill publicly offer 6.25% senior notes due 2017 to pay revolving credit-facility debt. Barclays Capital, Credit Suisse, Deutsche Bank Securities and Goldman Sachs International are joint book-running managers.
Superior Energy Services Inc.NYSE: SPNHarvey, La.US$400 millionSESI LLC, a subsidiary of Superior Energy, has closed its offering of senior exchangeable notes due 2026 to fund the acquisition of Warrior Energy Services Corp., refinance debt and buy back stock.
Forest Oil Corp.NYSE: FSTDenverUS$375 millionSubsidiary Forest Alaska Operating LLC has closed its term loan to fund a US$350-million distribution to Forest Oil and provide initial working capital. Credit Suisse and JP Morgan were co-lead arrangers and joint book-runners.
Trident Resources Corp.NACalgaryUS$270 millionClosed a term-loan facility to pay interest on an existing term-loan facility and for general corporate purposes. Credit Suisse Securities (USA) LLC was book-running agent.
Calfrac Well Services Ltd.Toronto: CFWCalgaryC$150 millionIncreased credit facilities with a syndicate of Canadian banks led by HSBC Bank Canada and including Toronto-Dominion Bank.
Goodrich Petroleum Corp.NYSE: GDPHoustonUS$125 millionClosed an offering of 3.25% convertible senior notes due 2026 to pay other debt.
Varel Holdings Inc.NACarrollton, TexasUS$115 millionReceived debt financing from KRG Capital Partners, American Capital Strategies Ltd., Apollo Investment Corp. and Fifth Third Bank to fund subsidiary Varel International Ltd.'s drillbit manufacturing business.
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