American Energy - Woodford LLC - 2015-05-27

Opened a private exchange offer for any and all outstanding 0.09% senior notes. AEW is an American Energy Partners LP affiliate. The 0.09% notes are due 2022. They will be exchanged for newly issued 0.12% second-lien notes due 2020. In exchange for each $1,000 principal amount of 0.09% notes eligible noteholders will receive $700, in principal amount, of the new notes. Conditions include AEW’s entry into a new revolving credit facility with an initial borrowing base of at least $140 million and receipt of at least $100 million in equity from sponsors. Terms and conditions for the offer were made May 26. The exchange offer will expire June 22. Certain shareholders received a commitment from MUFG Union Bank NA to fully underwrite a revolving credit facility with an initial borrowing base of $140 million. Global Bondholder Services Corp. is the exchange agent, solicitation agent and information agent.