OKLAHOMA CITY, Nov. 19, 2014 /PRNewswire/ -- American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP, announced today that its affiliate, American Energy Permian Holdings, LLC, has priced its offering of $515 million of 8.00% Exchangeable Junior Subordinated Notes due 2022. The Notes will be sold to investors at 96% of their principal amount. Subject to the satisfaction of certain conditions, the offering of the Notes is expected to close on November 24, 2014.
The net proceeds from the offering of the Notes will be used to fund the purchase of preferred units in AEPB. AEPB will use the proceeds to fund pending acquisitions, pay related fees and expenses 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.
Contact: Steve Lipin, 212-333-3810, [email protected]
SOURCE American Energy Partners, LP