Anton Oilfield Services Group’s $150 Million Exchange Offer and Concurrent New Money Offering

Shearman & Sterling represented Nomura International plc and Admiralty Harbour Capital Limited as the dealer managers in connection with the exchange offer, and as initial purchasers in the offering.

Anton Oilfield Services Group executed the exchange offer of up to the maximum acceptance amount of its outstanding 7.5% senior notes due 2022 for 8.75% senior notes due 2025. In connection with the exchange offer, the company issued $61.903 million 8.75% senior notes due 2025.

Anton Oilfield Services Group also executed a concurrent new money offering of $88.097 million 8.75% senior notes due 2025.

Anton Oilfield Services Group is a leading integrated oilfield technology service company that provides a full range of products and services for oil and gas development. Its business covers more than 30 countries and regions, including China, the Middle East, Africa, Central Asia, Southeast Asia and Latin America. 

The Shearman & Sterling team was led by partner Alan Yeung (Picture; Hong Kong-Capital Markets); associate Yuanjing Chen; special associate Cathy Qian; and legal assistant Bixuan Wang (all Shanghai-Capital Markets).

Involved fees earner: Yuanjing Chen – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Admiralty Harbour Capital; Nomura International plc;

Author: Sonia Carcano