Fitch places EnVen on positive watch

Fitch Ratings said it placed the B- issuer default ratings of EnVen Energy Corp., Energy Ventures GoM LLC and EnVen Finance Corp. on rating watch positive. The agency also placed the issue-level ratings for Energy Ventures GoM's BB-/RR1 reserve-based lending credit facility and B-/RR4 senior secured notes on rating watch positive.

The RWP follows the announcement that Talos Energy will acquire EnVen, Fitch said.

“The rating watch positive reflects the credit accretive nature of the acquisition and increased production scale,” Fitch said in a press release.

© 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.