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, due to the credit facility amendment, which provides for $500 million of incremental borrowings, the company added.

Alongside proceeds from the offer, the proceeds from the facility amendment will fund pending leasehold acquisitions, and other capex plans, for drilling and developing the southern Utica shale, American Energy-Utica said.

Oklahoma City-based American Energy Partners focuses on U.S. onshore unconventional resources.