Simpson Thacher Represents Dealer Manager in Cash Tender Offer by Certain Affiliates of Ascent Resources
11.19.20
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The Firm recently represented the dealer manager, J.P. Morgan Securities LLC, in connection with the cash tender offer by certain affiliates of Ascent Resources Utica Holdings, LLC (“Ascent”) for up to $60 million outstanding aggregate principal amount of Ascent’s 9% Senior Notes due 2027. The tender offer settled on November 19, 2020.
Ascent is the eighth largest producer of natural gas in the United States in terms of daily production and is focused on acquiring, developing, producing and operating natural gas and oil properties located in the Utica Shale in Southeast Ohio.
The Simpson Thacher team included John C. Ericson, Sung Bum Cho and Nicholas Halliburton (Capital Markets); and Marcy Geller and Sophie Staples (Tax).