The Firm recently represented the dealer managers, led by J.P. Morgan Securities LLC and BofA Securities, Inc., in connection with exchange offers and related consent solicitations in respect of approximately $2 billion aggregate principal amount of outstanding notes issued by Cimarex Energy Co., pursuant to which approximately $1.825 billion aggregate principal amount of new notes were issued by Coterra Energy Inc. (formerly known as Cabot Oil & Gas Corporation) (“Coterra”).
In connection with the exchange offers and combination, the Firm also represented JPMorgan Chase Bank, N.A., in its capacity as administrative agent for Coterra’s revolving credit facility, in the closing of two amendments to the credit facility.
Coterra is a premier, diversified energy company based in Houston, Texas. It strives to be a leading producer, delivering returns with a commitment to sustainability leadership.
The Simpson Thacher team for the transaction included Brian E. Rosenzweig, Matt Hart, Margaret Selbe and Ian Simrod (Capital Markets); Robert Rabalais and Dylan Benac (Credit); Jonathan Cantor and Scott Grundei (Tax); Genevieve Dorment and Corina McIntyre (Intellectual Property); Brian Chung (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).