Capital Markets and Securities Offerings
- Northern Oil and Gas in offering of $725 million of new 7.875% senior notes due 2033 and concurrent tender offer for its outstanding 8.125% senior notes due 2028.
- Kodiak Gas Services (NYSE: KGS) in the underwritten offering of 10 million shares of common stock by certain affiliates of EQT Partners for total gross proceeds of $344 million.
- ONEOK (NYSE: OKE) in connection with its offering of $7 billion of senior notes.
- Helmerich & Payne (NYSE: HP) in connection with its offering of $1.25 billion of senior notes.
- NorthRiver Midstream Finance, a portfolio company of Brookfield Asset Management, in connection with its offering of $525 million of 6.750% senior secured notes due 2032 and concurrent tender offer of its outstanding notes.
- Genesee & Wyoming in connection with its offering of $700 million of senior secured notes.
Mergers and Acquisitions
- Civitas Resources (NYSE: CIVI) in its $12.8 billion all-stock combination with SM Energy Company (NYSE: SM).
- Permian Resources (NYSE: PR) in its $4.5 billion all-stock acquisition of Earthstone Energy, Inc. (NYSE: ESTE).
- ONEOK (NYSE: OKE) in its $2.6 billion acquisition of Global Infrastructure Partners equity interests in Medallion Midstream.
- ONEOK (NYSE: OKE) in its $3.3 billion acquisition of Global Infrastructure Partners entire interest in EnLink Midstream, LLC (NYSE: ENLC).
- Arcosa (NYSE: ACA) in its $1.2 billion acquisition of Stavola, an aggregates-led and vertically integrated construction materials company.
- Alta Resources in the $2.925 billion sale of its upstream and midstream subsidiaries to EQT Corp for cash and stock consideration.
Equity and Debt Transactions
- Civitas Resources (NYSE: CIVI) in connection with an underwritten secondary offering of 6,956,520 shares of its common stock.
- Delek Logistics Partners (NYSE: DKL) and its subsidiary Delek Logistics Finance Corp. in the offering of $200 million 8.625% senior notes due 2029.
- Verde Clean Fuels (Nasdaq: VGAS) in the pending $50 million equity investment by Cottonmouth Ventures, a subsidiary of Diamondback Energy.
- Talos Production Inc., a wholly owned subsidiary of Talos Energy, in connection with its upsized offering of $1.25 billion of second-priority senior secured notes.
- Shelter Acquisition Corporation I in its $200 million initial public offering.
Corporate Restructuring and Strategic Investments
- Tall City Property Holdings, a portfolio company of Warburg Pincus LLC, in the sale of its Delaware Basin assets to Vital Energy (NYSE: VTLE) for $285 million in cash and 1.58 million common shares.
- Bristol Myers Squibb (NYSE: BMY) in its $6 billion public offering of senior unsecured notes and concurrent tender offer for several series of its outstanding notes.
- Warburg Pincus and Chisholm Energy Holdings in Chisholm's $604 million divestiture of its Northern Delaware Basin assets to Earthstone Energy, Inc. (NYSE: ESTE).
- Penn Virginia Corporation (Nasdaq: PVAC) in Juniper Capital Advisors, L.P.’s $188 million strategic investment in the company.
Deal Summary
