AEPB completes $295M offering of senior secured second lien notes

American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP, has completed its offering of $295 million of 8.00% senior secured second lien notes due 2020 in an unregistered offering to institutional investors.

The net proceeds from the offering of the notes, which were approximately $290 million, will be used by AEPB to repay a portion of the borrowings currently outstanding under its revolving credit facility. 

Goldman, Sachs & Co., and Credit Suisse acted as joint global coordinators and joint book-running managers for the notes offering. BofA Merrill Lynch, Morgan Stanley, and Wells Fargo Securities also acted as joint book-running managers for the offering. Sullivan & Cromwell LLP acted as legal advisor to AEPB in connection with the notes offering, and Latham & Watkins LLP acted as legal advisor to the initial purchasers.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...