The Firm represented Barclays, BMO Capital Markets, Credit Suisse, CIBC, RBC Capital Markets, Morgan Stanley, HSBC Securities, J.P. Morgan and TD Securities as initial purchasers in connection with a 144A/Regulation S offering by MEG Energy Corp. (“MEG”) of $800 million of 7.0% Senior Notes due 2024. MEG intends to use the net proceeds from the offering for general corporate purposes, including funding its 2014 capital program.
MEG is focused on sustainable in situ oil sands development and production in the southern Athabasca region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods.
The Simpson Thacher team included Kenneth Wallach, Ryan Bekkerus, Jonathan Ozner, Kai Fan and Ken Myung Shin (Capital Markets & Securities); Jon Cantor and Drew Purcell (Tax); Mike Isby (Environment), David Rubinsky (Executive Compensation and Employee Benefits), Mardi Merjian (Real Estate), and Jennie Getsin (FINRA and Blue Sky).