Synergy places $80 million; Casey’s sells $100 million notes; Relypsa closes term loan

By Lisa Kerner

Charlotte, N.C., May 3 – Synergy Resources Corp. agreed to sell $80 million of 9% five-year senior notes to MTP Energy Master Fund Ltd. and GSO Capital Partners LP, according to an 8-K filing with the Securities and Exchange Commission.

Credit Suisse Securities (USA) LLC was the placement agent.

Proceeds will be used to fund Synergy’s $505 million purchase of Wattenberg Field oil and gas properties from Noble Energy, Inc., NBL Energy Royalties, Inc. and Noble Energy Wyco, LLC and for general corporate purposes.

Synergy is a Platteville, Colo.-based oil and natural gas exploration and production company.

Casey’s General Stores, Inc. agreed on Tuesday to sell $100 million of senior notes, according to an 8-K filing with the SEC.

The notes will be issued as $50 million of 3.65% senior notes, series C, due May 2, 2031 and $50 million of 3.72% senior notes, series D, due Oct. 28, 2031.

The series C notes were issued on May 2, and the series D notes will be issued on Oct. 28.

Casey's is a convenience store operator based in Ankeny, Iowa.

Relypsa, Inc. said it closed $150 million of senior secured term loans led by funds advised by Athyrium Capital Management and joined by HealthCare Royalty Partners.

The loans will mature on April 27, 2022 and bear interest at 11.5%.

Relypsa is a biopharmaceutical company based in Redwood City, Calif.

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