Vine Energy Inc. Announces Proposed Offering of $950 Million of Senior Unsecured Notes
29 Marzo 2021 - 1:15PM
Business Wire
Vine Energy Inc. (“Vine”) announced today that its subsidiary,
Vine Energy Holdings LLC (“Vine Holdings”), intends to offer $950
million in aggregate principal amount of senior unsecured notes due
2029 (the “New Notes”) in a private placement to eligible
purchasers, subject to market conditions.
Vine Holdings intends to use the net proceeds from the offering,
along with cash on hand, to (i) fund the redemption (the
“Redemption”) of all of the outstanding 8.75% Senior Notes due 2023
and 9.75% Senior Notes due 2023 issued by Vine Holdings and (ii)
pay any premiums, fees and expenses related to the Redemption,
including accrued and unpaid interest, and the issuance of the New
Notes.
The New Notes will be offered only to persons reasonably
believed to be qualified institutional buyers in an offering exempt
from registration in reliance on Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”), and outside the United
States in reliance on Regulation S under the Securities Act. The
New Notes and related guarantees have not been registered under the
Securities Act or any state securities laws and may not be offered
or sold in the United States without registration or an applicable
exemption from the registration requirements of the Securities Act
or any applicable state securities laws.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the New Notes or any other
securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the New Notes or any
other securities in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Vine Energy Inc.
Based in Plano, Texas, Vine Energy Inc. is an energy company
focused on the development of natural gas properties in the stacked
Haynesville and Mid-Bossier shale plays in the Haynesville Basin of
Northwest Louisiana.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended, including
statements regarding the offering and the anticipated use of the
net proceeds therefrom. These forward-looking statements represent
Vine’s expectations or beliefs concerning future events, and it is
possible that the results described in this press release will not
be achieved. These forward-looking statements are subject to risks,
uncertainties and other factors, many of which are outside of
Vine’s control, which could cause actual results to differ
materially from the results discussed in the forward-looking
statements. These include, but are not limited to, statements
regarding the terms of the offering and the intended use of
proceeds therefrom.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Vine does not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not
possible for Vine to predict all such factors. When considering
these forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in the prospectus filed
with the Securities and Exchange Commission (“SEC”) in connection
with Vine’s initial public offering. These and other potential
risks and uncertainties that could cause actual results to differ
from the results predicted are more fully detailed in Vine’s
filings and reports with the SEC, including such prospectus.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210329005379/en/
U.S. Investor / Media Relations Contact: David Erdman (469)
605-2480 IR@VineEnergy.com
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