Laredo Petroleum’s $400 Million Senior Notes Offering

Paul Hastings advised Wells Fargo Securities as representative of the initial purchasers on the deal.

Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI), announced the pricing of $400 million in aggregate principal amount of 7.750% senior unsecured notes due 2029 at par in a private offering to eligible purchasers. The Company intends to use the net proceeds from the offering for general corporate purposes, including repaying the borrowings outstanding under the Company’s senior secured credit facility. The offering is expected to close on July 16, 2021, subject to customary closing conditions.

Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Laredo’s business strategy is focused on the acquisition, exploration and development of oil and natural gas properties, primarily in the Permian Basin in West Texas.

Partner Will Burns (Picture) led the Paul Hastings team, which also included Matthew Bartlett, William Milburn and TaQuira Thompson.


Involved fees earner: Matthew Bartlett – Paul Hastings LLP; Will Burns – Paul Hastings LLP; William Milburn – Paul Hastings LLP;

Law Firms: Paul Hastings LLP;

Clients: Wells Fargo Securities;

Author: Martina Bellini