Kirkland Advises Civitas Resources on $400 Million Inaugural Offering of Senior Notes
Kirkland counseled Civitas Resources, an oil and gas exploration and production company to be formed through the three-way merger of Extraction Oil & Gas, Inc., Bonanza Creek Energy, Inc. and Creston Peak Resources, on its inaugural 144A/Reg S offering of $400 million in senior unsecured notes. The proceeds of the offering will be used pay down indebtedness of the post-merger Company. Following the completion of the mergers, Civitas will be one of the largest producers of oil and natural gas in Colorado, as well as its first carbon-neutral operator.
The Kirkland team was led by capital markets partners Julian Seiguer and Bryan Flannery and associates Logan Weissler, Tony Flor, Jessica Stenglein and Cecilia Turchetti; with involvement from debt finance partners Will Bos and Shan Khan and associate Aisha Noor; tax partners Mark Dundon and Joe Tobias and associate Courtney Loyack; environmental transactions partner Jonathan Kidwell and of counsel Jennifer Cornejo; employee benefits partners Liz Dyer, Jeffery Quinn and Erica Rozow; and energy regulatory partners Brooksany Barrowes and Marcia Hook.
