Sable Offshore Closes Offering of 10MM Shares
Sable Offshore Corp.’s gross proceeds from the upsized offering were approximately $295 million.
Sable Offshore Upsizes Public Offering by 28% to $257MM
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
Energy Transfer Announces $3B Senior Notes Offering
Midstream company Energy Transfer plans to use the proceeds from its $3 billion offering of senior notes to refinance existing debts and for general partnership purposes.
Mach Prices Common Units, Closes Flycatcher Deal
Mach Natural Resources priced a public offering of common units following the close of $29.8 million of assets near its current holdings in the Ardmore Basin on Jan. 31.
Expand Energy Announces $500MM Tender Offer for 2026 Notes
Expand also issued a conditional notice of redemption for all of its outstanding 8.375% Senior Notes due 2028.
Vistra to Offer Senior Notes for Equity Interest Repayment
Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision.
Lime Rock CEO: Small, Mid Cap E&Ps Stuck in M&A ‘No Man’s Land’
Eric Mullins said that as large-scale M&A players begin to rationalize their purchases, as much as $18 billion in non-core divestments could find homes to asset-hungry acquirers.
Delek Logistics Partners Raises $166MM in Offering to Pay Debt
Delek Logisitics Partners closed an offering of 4.42 million common units to generate gross proceeds of $166 million.
Ares Management Launches Public Offer of Stock to Offset M&A Cost
Ares will use the net proceeds from the offer will to cover a portion of the cash consideration for its previously announced $3.7 billion acquisition of the international business of GLP Capital Partner.
Bankers' Outlook for A&D: A Slow Unwinding of Asset Sales
Bankers from CrossFirst, Texas Capital, BOK Financial and Comerica say that after a sluggish season of asset level deals, divestitures will come from larger-scale M&A, but it will take time.