American Energy–Utica LLC (AEU), an affiliate of American Energy Partners LP, upsized its recent public offering, American Energy-Utica said Feb. 19. At the same time, the company amended its senior secured credit facility to increase borrowing amounts under its term loan facility, American Energy-Utica said.
The public offering—of 3.5%, seven-year convertible, subordinated notes—was upsized to $750 million, up from $500 million, the company said Feb. 19.
The offer is scheduled to close Feb. 27, American Energy-Utica said.
American Energy-Utica’s term loan facility will have a borrowing capacity of $950 million, ...