Finance - Equity
Vinson & Elkins LLP was CWEI’s legal adviser, and Kirkland & Ellis LLP was legal adviser to Ares.
RBC Capital Markets, SunTrust Robinson Humphrey and Seaport Global Securities are joint book-running managers.
Diamondback said it will use the proceeds, together with cash on hand, to foot the $560 million bill from its recent Delaware Basin acquisition.
Founded in 2016, Sabinal is a private E&P led by Bret Jameson, formerly with Lewis Energy and Devon. The company's focus is in the Rockies, Midcontinent and Texas.
The remaining net proceeds will also support general corporate purposes, including additional debts under the 2015 term loan, well completions and other projects, Southwestern said.
Goldman Sachs & Co., KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC and BMO Capital Markets Corp. were joint lead book-running managers.
The Utopia Pipeline project, which stretches from Harrison County to Fulton County, has a capacity of 50,000 barrels per day and will transport ehtane from the Utica Shale to Canada.
NGL and Oaktree will jointly pursue future opportunities within NGL’s business segments.
Gauri Potdar is vice president of strategy and analytics for H2O Midstream. She has worked in strategy, finance and business development for 13 years, at Deloitte, Element Markets and S&P Global Platts.
The offering is scheduled to close on June 22. Barclays is the sole book-running manager.
Credit Suisse, J.P. Morgan, Deutsche Bank Securities Inc. and Morgan Stanley are joint book-running managers.
Cardinal also said that its available credit facilities remained unchanged at CA$150 million—with the borrowing base amended to CA$250 million—following the completion of the syndicate's semiannual review in May.