Text Size:
A | A

American Energy–Utica Upsizes Public Offering, Amends Credit Facility

Text Size: A | A
February 21, 2014

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, ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription