Firm Represents Underwriters in $850 Million Notes Offering, Related Tender Offer and Consent Solicitation by Concho Resources Inc.
06.07.13
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Simpson Thacher advised the underwriters on an $850 million debt offering by Concho Resources Inc. (“Concho”). BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan and Wells Fargo Securities were the joint book-running managers for the offering. A portion of the net proceeds from the offering were used to finance the cash tender offer for $300 million of Concho’s outstanding notes. Concho intends to use the remaining net proceeds to repay borrowings under its credit facility and for general corporate purposes.
Concho is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties.
The Simpson Thacher team for the transaction included Josh Bonnie, Lesley Peng, Jo Djekovic and Taylor Smith (Capital Markets); Jonathan Cantor and Chang Choi (Tax); Tim Mulvihill (Environmental); Linda Barrett (Executive Compensation and Employee Benefits) and Jennie Getsin (Blue Sky).