EnVen Energy Corp.
Priced an offering of senior secured second lien notes due 2026 to be issued through it subsidiary Energy Ventures GoM LLC in a private offering and will be co-issued by the issuer’s subsidiary EnVen Finance Corp. Proceeds will be used to fund the redemption of all its outstanding 2023 notes with the remainder, if any, used for general corporate purposes. In connection with the offering, the company intends to amend the revolving credit facility to, among other things, extend the maturity date, establish a revised borrowing base, reduce the aggregate committed amounts and modify the applicable interest rates.