EIG withdraws tender offer for $4.10B of Pacific E&P senior notes

EIG Pacific Holdings Ltd., a Cayman Islands limited company and subsidiary of Harbour Energy Ltd., has terminated its offers to acquire the $4.10 billion aggregate principal amount of senior notes of Pacific Exploration and Production Corp. (TSX: PRE).

The tender offers were previously scheduled to expire on March 24. The offeror has instructed the information and tender agent for the tender offer to promptly return all tendered notes to tendering noteholders.

Harbour Energy is an energy investment vehicle formed by EIG Global Energy Partners and the Noble Group to pursue control and near-control investments in upstream and midstream energy assets globally.  

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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