The Firm represented the initial purchasers and the lenders, led by Goldman, Sachs & Co. and Goldman Sachs Bank USA in connection with American Energy – Permian Basin, LLC’s acquisition of oil and gas properties in Texas’ Permian Basin from Enduring Resources II, LLC. The debt financing for the acquisition consisted of a Rule 144A/Regulation S offering by American Energy – Permian Basin, LLC and AEPB Finance Corporation of senior notes with total aggregate value of $1.6 billion. In connection with the acquisition, American Energy – Permian Basin, LLC also entered into a senior secured revolving credit facility with an initial borrowing base of $500 million.
American Energy – Permian Basin, LLC is an independent oil and natural gas company currently focused on the acquisition, development, exploitation and production of unconventional oil, natural gas liquids, and natural gas reserves.
The Simpson Thacher team included Robert Rabalais, Brian Minyard and Eddie Bontkowski (Banking and Credit); John Ericson and Jonathan Kelley (Capital Markets); Ed Chung and Mickey Baden (M&A); Adeeb Fadil and Timothy Mulvihill (Environmental); Paul Koppel and Brittany McCants (Executive Compensation and Employee Benefits); Jonathan Cantor and Vanessa Grieve (Tax); and Jennie Getsin (Blue Sky).