Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
Midstates Petroleum Closes Mississippi Lime Acquisition
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Midstates Petroleum Company, and its wholly owned subsidiary Midstates Petroleum Company LLC announced today the closing of their previously announced acquisition of all of Eagle Energy Production, LLC’s producing properties as well as their developed and undeveloped acreage primarily in the Mississippian Lime oil play in Oklahoma and Kansas for $325 million in cash and 325,000 shares of Midstates’ Series A Preferred Stock with an initial liquidation preference value of $1,000 per share (the “Eagle Energy Acquisition”).
The Company and Midstates Sub today also announced the closing of their private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $600 million in aggregate principal amount of 10.75% senior unsecured notes (the…
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