Simpson Thacher Represents Initial Purchasers in $250 Million Senior Notes Offering by Bellatrix Exploration Ltd.
05.27.15
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Simpson Thacher represented J.P. Morgan Securities LLC, as representative of the initial purchasers, in connection with the debut offering by Bellatrix Exploration Ltd. (“Bellatrix”) of $250 million aggregate principal amount of 8.5% Senior Notes due 2020 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act. Bellatrix intends to use the net proceeds from this offering to partially repay borrowings outstanding under its bank credit facility.
Bellatrix is a Western Canadian-based, growth-oriented oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. Common shares of Bellatrix trade on the Toronto Stock Exchange and on the New York Stock Exchange under the symbol BXE.
The Simpson Thacher team for this transaction included Art Robinson, Rhett Brandon, Paul Rodriguez and Tracy Ke (Capital Markets); Jonathan Cantor and Jodi Sackel (Tax); Jeanne Annarumma and Holly Gurian (Executive Compensation and Employee Benefits); Adeeb Fadil and Louise Kruger (Environmental); and Andrew Pagliughi (Blue Sky).