Bruin E&P Partners, LLC and its subsidiaries in connection with their prepackaged Chapter 11 cases filed in the United States Bankruptcy Court for the Southern District of Texas. Bruin is an exploration and production company headquartered in Houston, Texas, with assets in the Williston Basin in North Dakota. Through their prepackaged Chapter 11 cases, Bruin will eliminate over $840 million in funded debt obligations. Bruin filed its cases with a restructuring support agreement signed by 100% of its prepetition revolving lenders and over 67% of its senior noteholders that included a $230 million DIP commitment and an exit revolver with $230 million in aggregate commitments.
J. C. Penney Company, Inc. and 17 of its affiliates in their pre-arranged Chapter 11 cases. JCPenney, an iconic American retail staple tracing its roots back to 1902, includes private brands such as Liz Claiborne, St. John’s Bay, Stafford, and Arizona Jean Co. JCPenney employs more than 85,000 people, manages a massive supply chain with nearly 3,000 vendors and eleven domestic shipping facilities, and operates approximately 850 stores in the United States and Puerto Rico, in addition to a substantial e-commerce business. With approximately $4.9 billion in debt, JCPenney entered bankruptcy with a Restructuring Support Agreement that carries broad first lien stakeholder support and is expected to substantially de-lever the company’s balance sheet.
EQT Corporation (NYSE: EQT) in its Rule 144A offering of $500 million in aggregate principal amount of convertible senior notes and associated derivatives transactions.
Tapstone Energy, LLC and certain of its affiliates in their out-of-court restructuring and recapitalization transaction. Tapstone is a sponsor-backed independent oil and natural gas company focused on the development and production of oil, natural gas, and NGLs in the Anadarko Basin in Oklahoma, Texas, and Kansas. The transaction reduced Tapstone’s funded debt by approximately $440 million and included an equity capital raise of $50 million, and an exchange offer of $294 million of senior notes for new debt and equity, providing the company with liquidity to optimize operations and expand its production base through mergers and acquisitions.
EQT Corporation in its tender offer for $500 million of senior notes.
EQT Corporation on its 15-year gas gathering agreement with EQM Midstream Partners, LP (NYSE: EQM) covering Pennsylvania and West Virginia, and the associated buyback of 25.3 million of EQT’s shares held in Equitrans Midstream Corporation.
EQT Corporation in its $1.75 billion registered offering of senior notes.
EIG Global Energy Partners in its $750 million acquisition of equity interests in South Texas Midstream, LLC, a newly-formed joint venture with NextEra Energy Partners, LP.
Indigo Natural Resources in the $2.65 billion sale of its interest in a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana to DTE Midstream.
Parsley Energy, Inc. (NYSE: PE) in its $2.27 billion all-stock acquisition of Jagged Peak Energy Inc. (NYSE: JAG).
Atlas Technical Consultants, a construction engineering firm owned by Bernhard Capital Partners, in its $700 million combination with Boxwood Merger Corp., a special purpose acquisition company.
C&J Energy Services in an approximately $1.8 billion merger-of-equals with Keane Group.
American Midstream Partners, LP, in a consent solicitation with respect to the indenture governing its 8.500% Senior Notes due 2021.
Magnetar Capital and The Carlyle Group in a $625 million preferred equity investment round in Altus Midstream, a Permian-to-Gulf midstream company affiliated with Apache Corporation.
Jones Energy Inc. and its affiliates in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of Texas. Jones Energy is an Austin, Texas based independent oil and gas company engaged in the exploration, development, production, and acquisition of oil and gas properties in the Anadarko Basin in Oklahoma and Texas that fully equitized over $1 billion in funded debt and preferred equity obligations. Jones obtained confirmation of its uncontested plan just three weeks after filing.
Nesco, an industrial equipment rental business owned by Energy Capital Partners, in its $1.1 billion combination with Capitol Investment Corp. IV, a special purpose acquisition company.
Midstates Petroleum Corporation in its tender offer to repurchase $50 million of its common stock.
Nine Energy Service, Inc. in its Rule 144A/Reg S offering of $400 million of senior notes.
Vine Oil & Gas LP in its private offering of $380 million in senior unsecured notes due 2023.
Indigo Natural Resources in its private offering of $650 million of senior unsecured notes.
