Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.
Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets.
King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.
Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.
Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.
Company’s revolving credit facility increases to $100 million.
Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.
Anadarko Petroleum Corp. (NYSE: APC) has commenced a cash tender offer for up to $500 million combined aggregate principal amount of its outstanding 3.45% notes due 2024, 4.85% notes due 2021 and 5.55% notes due 2026, the company said on Nov. 28.
Remember this when going public: It’s a clean slate and what transpired as a private company no longer matters.
Devon Energy Corp. (NYSE: DVN) has completed its initial accelerated share repurchase program that commenced in early August, the company said on Sept. 14.