Energy & Exploration Partners Inc. priced its private placement of $375 million, in aggregate principal amount, of convertible subordinated notes due 2019, the company said July 11.
Noteholders will be able to convert the notes to common shares when the first public common stock offering closes, Energy & Exploration partners said.
The offer is scheduled to close July 22, the company said.
Net proceeds will pay the purchase price for the acquisition of Treadstone Energy Partners LLC’s oil and natural gas assets, the company said. Borrowings from a senior secured ...