American Energy Permian to sell $800 million eight-year exchangeables

By Rebecca Melvin

New York, Oct. 30 – American Energy Permian Holdings LLC, an affiliate of American Energy – Permian Basin LLC and American Energy Partners LP, plans to price $800 million of eight-year exchangeable junior subordinated notes in a private offering, according to a news release.

Joint bookrunners are Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., Jefferies & Co. and Morgan Stanley & Co. LLC.

Proceeds will be contributed to American Energy – Permian Basin and will be used to fund pending acquisitions, to accelerate development drilling, to pay related fees, to repay all outstanding borrowings under the company’s revolving credit facility and for general corporate purposes.

A syndicate source said that further details on the offering were not yet available.

Oklahoma City-based American Energy is involved in onshore U.S. unconventional resource plays.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.