Firm Represents the Sole Underwriter in 6,900,000 Share Equity Offering by Concho Resources Inc.
03.17.15
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Simpson Thacher advised the sole underwriter on a 6,900,000 share equity offering by Concho Resources Inc. (“Concho”). Merrill Lynch, Pierce, Fenner & Smith Incorporated was the sole bookrunning manager and underwriter for the offering.
Concho is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. Proceeds from the equity offering were used to repay all of the outstanding borrowings under Concho’s credit facility and for general corporate purposes, including possible funding of its drilling and development program and future acquisitions.
The Simpson Thacher team for the transaction included Joshua Ford Bonnie, Lesley Peng, Hui Lin, and Katie M. McDonough (Capital Markets); Jonathan E. Cantor and Michael J. Cardella (Tax); Timothy J. Mulvihill (Environmental); Linda Barrett (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).