Kirkland & Ellis advised Amplify Energy Corp. (AMPY) on its decision to merge with Midstates Petroleum Company, Inc. (MPO). Amplify will merge with a subsidiary of Midstates in an all-stock merger-of-equals. Under the terms of the merger agreement, Amplify stockholders will receive 0.933 shares of newly issued Midstates common stock for each Amplify share of common stock. The merger is expected to close in the third quarter of 2019, at which time Amplify and Midstates stockholders will each own 50% of the outstanding shares of the combined company. The combined company will be renamed Amplify Energy Corp. and will trade on the New York Stock Exchange under the symbol “AMPY” following the closing of the merger.
The deal team was led by transactional partners Doug Bacon, Kim Hicks and Alex Rose, with assistance from transactional associates Jennifer Rainey Singh, Zach Savrick, Monica Dion, Meghan Dupre and Mike Pangrac; capital markets partners Matthew Pacey and Brooks Antweil and associates Bryce Gray and Brooke Milbauer; transactional partner Rahul Vashi and associates Lindsey Jaquillard, Hannah Craft, Fraser Wayne, Carlos Moran, Christopher Atmar, Isaac Bate and Morgan Moore; executive compensation partners Michael Krasnovsky and Jennifer Pepin and associates Rebecca Liu and Brian Valcarce; tax partner David Wheat and associate William Dong; debt finance partner Mary Kogut Brawley and associates Mitch McClellan, Angel Torres and Kate Cavanaugh; environmental transactions partner Alexandra Farmer and associates Jennie Morawetz and Maureen Stringham; antitrust & competition partners Ian John, Michael Thorpe and Christina Shin and associate Evan Turnage; litigation associates Jonathan Fombonne and Kelsee Foote; employee benefits of counsel Jack Bernstein and associate Chris Chase; and employment & labor partner Michael Schulman.