American Energy – Permian Basin LLC - 2015-10-18
Description
Priced its offering of 13.00% senior secured first-lien notes due 2020. Net proceeds will repay all outstanding revolving credit facility loans. Some could fund the remainder of a pending acquisition or support drilling and completions activities, infrastructure construction and ongoing business expenses. Borrowing base reset to zero and all maintenance covenants removed.
Companies
Estimated Price
$530.0MM
Financing Type
Report Date