American Energy -- Permian Basin, LLC Announces Pricing Of $295 Million Of Senior Secured Second Lien Notes Due 2020

May 28, 2015, 17:49 ET from American Energy -- Permian Basin, LLC

OKLAHOMA CITY, May 28, 2015 /PRNewswire/ -- American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), announced today the pricing of its offering of $295 million of 8.000% Senior Secured Second Lien Notes due 2020 (Notes).  The Notes will be sold to investors at 100% of their principal amount.  The offering of the Notes is expected to close on June 4, 2015.

The net proceeds from the offering of the Notes will be used to repay a portion of the borrowings currently outstanding under its revolving credit facility and for general corporate purposes.

The Notes have not been registered under the Securities Act of 1933, as amended (Securities Act) or the securities laws of any other state or jurisdiction, and may not be offered or sold without registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

This press release contains "forward-looking statements." All statements that are not statements of historical fact are forward-looking statements. These forward-looking statements are based on AEPB's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.  We caution you that these forward-looking statements are subject to risks and uncertainties, and that AEPB's actual results and plans could differ materially from those expressed in any forward-looking statements. Forward-looking statements speak only as of the date hereof, and AEPB disclaims any duty to update any forward-looking statements to reflect events or circumstances after the date hereof.

SOURCE American Energy -- Permian Basin, LLC