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Published on 12/18/2023 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Rockcliff Energy will transfer ownership of 5½% notes due 2029

By William Gullotti

Buffalo, N.Y., Dec. 18 – Rockcliff Energy II LLC, in connection with its acquisition by TG Natural Resources LLC, will transfer ownership of its $700 million 5½% notes due 2029 to its new parent company, according to a press release.

The notes, issued Oct. 4, 2021 with U.S. Bank NA as trustee, will remain outstanding under the terms of the indenture.

The transfer will occur when the acquisition transaction closes, which is expected by the end of 2023. TG Natural Resources is a subsidiary of Tokyo Gas America.

Rockliff is a Houston-based natural gas development and production company.


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