Lonestar Resources’ $250 Million High Yield Bond Offering


Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the debut high yield bond offering by Lonestar Resources America Inc., a wholly-owned subsidiary of Lonestar Resources US Inc. (NYSE: LONE), of $250 million aggregate principal amount of 11.25% Senior Notes due 2023 pursuant to Rule 144A and Regulation S. The offering closed on January 4, 2018.

Lonestar intends to use the proceeds from the senior notes offering to redeem all of its outstanding 8.75% Senior Notes due 2019 and to reduce amounts outstanding under its revolving credit facility.

Lonestar is an independent oil and natural gas company, focused on the development, production and acquisition of unconventional oil, natural gas liquids and natural gas properties in the Eagle Ford Shale in Texas.

The Simpson Thacher team included David Azarkh (Picture), John O’Connell, Teresa Chen, Taylor Steele and Jessica Asrat (Capital Markets); Michael Isby and Timothy Mulvihill (Environmental); Robert Holo and Brian Mendick (Tax); Larry Moss and Madeline Sprung-Keyser (Executive Compensation and Employee Benefits); Lori Lesser and Kate Stein (Intellectual Property); and Andrew Pagliughi (Blue Sky).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Teresa Chen – Simpson Thacher & Bartlett; Taylor Steele – Simpson Thacher & Bartlett; Jessica Asrat – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Madeline Sprung-Keyser – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Kate Stein – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

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Author: Ambrogio Visconti