Kirkland & Ellis counseled Vine Energy Inc. in its initial public offering of 21,500,000 shares of its Class A common stock, which closed on March 22, 2021. The shares began trading on the New York Stock Exchange under the ticker symbol “VEI” on March 18, 2021. In addition, Vine granted the underwriters a 30-day option to purchase up to an additional 3,225,000 shares of Vine’s Class A common stock at the initial public offering price, less underwriting discounts and commissions. The underwriters exercised their overallotment option on Tuesday, March 23, 2021, resulting in an aggregate $324 million net proceeds received by Vine after taking into account underwriting fees and offering expenses. Vine used the net proceeds from the offering to repay in full and terminate certain existing credit facilities, with the remaining net proceeds to be used for general corporate purposes.
Read Vine’s press release
The Kirkland team was led by capital markets partners Matt Pacey and Michael Rigdon and associates Erin Eberle, Cecilia Turchetti and Shelby Brown; corporate partners Bill Benitez and Kyle Watson and associates Josh Teahen, Michael Bassi and Abbey Zuech; debt finance partner Andy Veit and associates Hamish McCormack, Kate Cavanaugh and Spencer Welch; tax partners Mark Dundon and Tim Campany and associate Nithya Sheshadri; and executive compensation partners Stephen Jacobson and Stephanie Jeane and associate Karsten Busby.