Simpson Thacher Represents Underwriters and Dealer Manager and Solicitation Agent in $750 Million Senior Notes Offering and Related Tender Offer and Consent Solicitation by Cimarex Energy Co.
04.25.12
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The Firm recently represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC, in a registered offering of $750,000,000 5.875% Senior Notes due 2022 by Cimarex Energy Co. The Firm also represented J.P. Morgan Securities LLC, as dealer manager and solicitation agent, in a concurrent cash tender offer and consent solicitation with respect to any and all of Cimarex Energy Co.’s outstanding 7.125% Senior Notes due 2017.
Cimarex Energy Co. used a portion of the net proceeds of the offering to fund the purchase of the 7.125% Senior Notes due 2017 tendered in the tender offer and will use a portion of the net proceeds of the offering for the redemption of all of the 7.125% Senior Notes due 2017 that were not tendered in the tender offer. Cimarex Energy Co. intends to use the remaining net proceeds for general corporate purposes, including reducing borrowings under its senior revolving credit facility.
Cimarex Energy Co. is an independent oil and gas exploration and production company with principal operations in the Mid-Continent and Permian Basin areas of the U.S.
The Simpson Thacher team included Gary Sellers, Marisa Stavenas, Dora Jimenez, Kevin Chang, Alejandro De Ramon-Laca, Fan Wei (Capital Markets), Michael Isby (Environmental), Adam Wells (Tax), Mindy Lok and Erin Lein (Intellectual Property), Steven DeLott (Insurance), Linda Barrett (Executive Compensation and Employee Benefits) and Jennie Getsin (Blue Sky).