Vine Energy Inc. Announces Pricing of $950 Million Senior Unsecured Notes Offering
31 Marzo 2021 - 10:20PM
Business Wire
Vine Energy Inc. (the “Company”) announced today that its
subsidiary, Vine Energy Holdings LLC (“Vine Holdings”), priced its
previously announced offering of $950 million in aggregate
principal amount of 6.75% senior unsecured notes due 2029 (the “New
Notes”) at par. The New Notes will mature on April 15, 2029. The
offering is expected to close April 7, 2021, subject to
satisfaction of customary closing conditions.
The Company 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 were offered only to persons reasonably believed
to be qualified institutional buyers pursuant to Rule 144A under
the Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States only to non-U.S. investors pursuant to
Regulation S under the Securities Act. The New Notes have not been
and will not be registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States absent registration or an applicable
exemption from registration requirements.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the New Notes or any other
securities and shall not constitute an offer, solicitation or sale
in any jurisdiction in which, or to any person to whom, such an
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
the Company’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 the Company’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, the Company 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 the Company 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 the Company’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 the Company’s filings and reports with the SEC,
including such prospectus.
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version on businesswire.com: https://www.businesswire.com/news/home/20210331005960/en/
U.S. Investor / Media Relations Contact: David Erdman (469)
605-2480 IR@VineEnergy.com
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