Finance

Finance - Buy Backs

Petrobras Launches Buyback For $2 Billion Of Debt

The bonds, which include notes maturing in Jan. 2019, March 2019, April 2019, Jan. 2020 and March 2020, have almost $10 billion outstanding worth of securities, Reuters reported.

2017/01/09

Perpetual Energy Extends Maturity Date For Senior Note Exchange

Scotia Capital Inc. is the sole dealer manager and solicitation agent. Kingsdale Shareholder Services is the information agent and Computershare Investor Services Inc. is the depositary.

2016/12/27

Devon Upsizes Maximum Tender Offers In Notes Buyback

The tenders will be funded through the net proceeds from previously completed asset sales and financing transactions, and will reduce outstanding debt.

2016/08/18

EXCO Resources Opens Tender Offer For Notes Buyback

The consent solicitation will expire on August 9 and the tender offer will expire on Aug. 23.

2016/07/28

Finance - Debt

Nabors Prices $500 Million Private Placement Of Notes

The net proceeds will be used to prepay the remaining balance of NII's unsecured term loan, which matures in 2020, and to pay the cost of the capped call transaction. Any  remainder will support general corporate purposes.

2017/01/10

Petrobras Launches Buyback For $2 Billion Of Debt

The bonds, which include notes maturing in Jan. 2019, March 2019, April 2019, Jan. 2020 and March 2020, have almost $10 billion outstanding worth of securities, Reuters reported.

2017/01/09

C&J Energy Services Completes Financial Restructuring

C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.

2017/01/06

Southcross Energy Partners Amends Revolving Credit Facility

The amendment also provides for a new $15 million commitment from certain of the parent’s shareholders in the form of equity or debt by Dec. 31, 2017.

2017/01/03

Finance - Equity

Williams Closes $1.88 Billion Common Stock Offering

The net proceeds of about $1.88 billion were used to purchase newly issued common units representing limited partnership interests in Williams Partners LP. The units were priced at about $36 each.

2017/01/17

ETP Prices $1.5 Billion Of Senior Notes

The net proceeds—about $1.48 billion–will refinance current maturities and repay outstanding revolving credit facility borrowings, the company said.

2017/01/12

Williams Prices Offer Of 65 Million Common Shares

Underwriters received a 30-day option to purchase 9.75 million additional shares, and the offering is scheduled to close on Jan. 13.

2017/01/10

Keane Group Inc. Opens IPO

The selling stockholder is selling 1.4 million shares, and will likely grant underwriters a 30-day over-allotment option to purchase about 2.5 million additional shares.

2017/01/09

Finance - Redemptions

Holly Energy Partners Will Redeem Senior Notes Due 2020

Holly Energy Partners LP and  Holly Energy Finance Corp. will redeem all $300 million of their outstanding 6.50% senior notes due 2020, according to a Dec. 2 press release.

2016/12/02

Paramount Resources Will Redeem Senior Unsecured Notes Due 2019

Paramount Resources Ltd. will redeem about $286.58 million of outstanding 7.625% senior unsecured notes due 2019 on Dec. 19 of this year, the company said Nov. 17.

2016/11/18

Concho Completes Acquisition Of Midland Basin Core Acreage

Concho also said it recently completed its redemption of the $600 million of 7.0% senior notes due January 2021.

2016/10/04

Halliburton Will Redeem $2.5 Billion In Senior Notes

The Bank of New York Mellon Trust Co. NA, the trustee, is notifying all current registered noteholders of the redemption.

2016/05/09

Finance - Restructuring

C&J Energy Services Completes Financial Restructuring

C&J said a new board of directors was appointed Jan. 6, consisting of Chairman Patrick Murray; Stuart Brightman; John Kennedy; Steven Mueller; Michael Roemer; and Michael Zawadzki; in addition to Don Gawick, C&J's president and CEO.

2017/01/06

Saratoga Resources Emerges From Bankruptcy

Saratoga is debt-free with unchanged outstanding shares, the company said. 

2016/11/03

Bankrupt Samson Resources, Creditors Reach Restructuring Deal

Samson suspended drilling new wells before filing for bankruptcy, Reuters reported.

2016/08/29

Analysts: Worst Of Energy Bankruptcies In Rearview Mirror

Oilfield services still face bankruptcy threat, but rest of industry relatively in the clear for this year.

2016/08/16