American Energy – Permian Basin plans to sell $1.4 billion notes in three tranches

By Paul A. Harris

Portland, Ore., July 8 – American Energy – Permian Basin, LLC, an affiliate of American Energy Partners, LP, announced in a Tuesday press release that it plans to sell $1.4 billion of senior notes in tranches with maturities in 2019, 2020 and 2021.

Goldman Sachs & Co. will lead the private offering, according to a market source, who added that Deutsche Bank Securities Inc. will be involved.

The deal is not expected to be an a.m.-to-p.m. drive-by, the source added.

The Oklahoma City-based company plans to use the proceeds as part of the financing for the proposed acquisition of Permian Basin business and assets of Enduring Resources II, LLC, as well as for general corporate purposes.

The prospective issuer is an energy company involved in onshore U.S. unconventional resource plays.

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