American Energy--Permian Basin LLC priced a total of $1.6 billion in senior notes in a private offer, the company said July 16.
The affiliate of American Energy Partners LP offered $350 million of floating-rate senior unsecured notes due 2019, $650 million of 7.125% senior unsecured notes due 2020 and $600 million of 7.375% senior unsecured notes due 2021. The 2019 notes will sell at 99% of their principal amount, while the 2020 notes and 2021 notes will sell at 100% of their principal amounts, the company said.
The offer is scheduled to close July 31, American Energy--Permian said.
All of the net proceeds will be used to partially finance the acquisition of Enduring Resources II LLC, and will also support general corporate purposes, the company said.
American Energy Partners LP is based in Oklahoma City.
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