AEW provides early participation results for notes exchange offer

American Energy – Woodford LLC (AEW), an affiliate of American Energy Partners LP, has provided the early participation deadline results of its private offer to exchange any and all of its outstanding 9.00% senior notes due 2022 held by eligible holders for its new 12.00% second lien notes due 2020.  

As of 5 p.m. New York City time on June 8, $336 million in aggregate principal amount of the existing notes, representing 95.99% of the outstanding principal amount of the existing notes, had been validly tendered (and not validly withdrawn) pursuant to the exchange offer. In exchange for each $1,000 principal amount of existing notes validly tendered (and not validly withdrawn) at or prior to the early participation deadline, each eligible holder will receive total exchange consideration consisting of $700 principal amount of the new notes. The early participation consideration includes the early participation premium, which consists of $50 principal amount of new notes. 

The exchange offer remains open, and will expire at 11:59 p.m., New York City time, on June 22, unless extended by AEW. In exchange for each $1,000 principal amount of existing notes that is validly tendered after the early participation deadline, but before the expiration date, the eligible holder will receive total exchange consideration consisting of $650 principal amount of new notes. An eligible holder who desires to tender its existing notes in the exchange offer must tender all of such eligible holder's existing notes.

AEW has retained Global Bondholder Services Corp. as the exchange agent and information agent for the exchange offer.

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