Simpson Thacher Represents Initial Purchasers in $600 Million Senior Notes Offering by WildFire Energy
09.23.24
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The Firm is representing the initial purchasers in connection with an offering by WildFire Intermediate Holdings, LLC (the “Issuer”), a wholly-owned subsidiary of WildFire Energy I LLC (“WildFire”) of $600 million aggregate principal amount of senior notes due 2029, in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The offering was upsized from $500 million. The Issuer intends to use the net proceeds from the offering to repay a portion of the amounts outstanding under its revolving credit facility.
WildFire is an independent energy platform company pursuing production-weighted oil and gas assets in onshore US basins, seeking to efficiently optimize and develop reserves using modern technologies and its extensive operating experience. WildFire was formed in 2019 with funding from Warburg Pincus, Kayne Anderson, and management.
The Simpson Thacher team included Brian Rosenzweig, Richie Ragusa, Ryan Poché and Gregory Ludeman (Capital Markets); Michael Mann (Tax); Paige Brinton (Intellectual Property); Pasco Struhs (Executive Compensation and Employee Benefits).