Vine Oil & Gas LP Announces $350 Million Private Offering of Senior Unsecured Notes due 2023
Vine Oil & Gas LP (“Vine”) and Vine’s wholly owned subsidiary, Vine Oil
& Gas Finance Corp., announced today the commencement of a private
offering of $350 million in aggregate principal amount of senior
unsecured notes due 2023 to eligible purchasers (the “Notes Offering”),
subject to market conditions and other factors.
Vine intends to use a portion of the net proceeds of the Notes Offering
to repay in full its existing second lien term loan, and the remainder
of the net proceeds will be used for general corporate purposes.
The securities to be offered in the Notes Offering have not been
registered under the Securities Act of 1933, as amended (the “Securities
Act”), or any state securities laws and, unless so registered, may not
be offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws. Vine plans
to offer and sell the securities only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to non-U.S. persons
in transactions outside the United States pursuant to Regulation S under
the Securities Act.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
Forward-Looking Statements
The information in this news release includes “forward-looking
statements.” All statements, other than statements of historical fact
included in this news release, regarding our strategy, future
operations, financial position, estimated revenue and losses, projected
costs, prospects, plans and objectives of management are forward-looking
statements. When used in this news release, the words “could,”
“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and
similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying
words. These forward-looking statements are based on our current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of future
events. These forward-looking statements are based on management’s
current belief, 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 all of the risks and
uncertainties, most of which are difficult to predict and many of which
are beyond our control, incident to the exploration for and development,
production and sale of natural gas. These risks include, but are not
limited to, commodity price volatility, lack of availability of drilling
and production equipment and services, environmental risks, drilling and
other operating risks, regulatory changes, the uncertainty inherent in
estimating natural gas reserves and in projecting future rates of
production, cash flow and access to capital, the timing of development
expenditures, and the other risks.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180926006020/en/
Copyright Business Wire 2018
Source: Business Wire
(September 26, 2018 - 4:35 PM EDT)
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