Finance & Investing | Capital Markets | Private Equity Activity
American Energy Raises Capital to Fund Permian Acquisition
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American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), has announced the pricing of its offering of $350 million of floating rate senior unsecured notes due 2019, $650 million of 7.125% senior unsecured notes due 2020 and $600 million of 7.375% senior unsecured notes due 2021.
The 2019 Notes will be sold to investors at 99% of their principal amount, while the 2020 Notes and 2021 Notes will be sold to investors at 100% of their principal amount. Subject to the satisfaction of certain conditions, the offering of the Notes is expected to close on July 31, 2014.
The net proceeds from the offering of each series of Notes will be used as part of the financing for the proposed acquisition by AEPB of the Permian Basin business and assets of Enduring…
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