•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    SAExploration completes $150M senior secured notes offering

    SAExploration Holdings Inc.

    SAExploration Holdings Inc. (NASDAQ: SAEX, OTCBB: SAEXW) has completed its private offering of $150 million aggregate principal amount of 10.000% senior secured notes due 2019.

    The notes are guaranteed by each of SAE’s existing and future domestic restricted subsidiaries and are secured by a lien on substantially all of the assets of SAE and the guarantors, subject to certain exceptions and permitted liens. These liens, however, are contractually subordinated to a first priority lien on certain assets that may secure a new credit facility that SAE and the guarantors will be permitted to enter into in the future.

    SAE plans to use the net proceeds of the offering of the notes to repay certain of its existing indebtedness, fund the purchase of equipment related to its Alaska operations, pay related fees and expenses, and for general corporate purposes.

     

    Did You Like This Article?

    Get a free subscription to Oil & Gas Financial Journal.

    Related Articles

    NRP prices $125M private senior notes placement

    10/10/2014

    Natural Resource Partners LP reports the pricing of its private offering of $125,000,000 aggregate principal amount of  9.125% senior notes due 2018.

    Eos begins tender offer for all shares of Dune Energy

    10/10/2014 Eos Petro Inc. and Dune Energy Inc. report that Eos' directly wholly owned subsidiary, Eos Merger Sub Inc., has begun a tender offer to acquire all of the outstanding shares of Dune common stock fo...

    Callon completes core Midland Basin acquisition

    10/09/2014

    Callon Petroleum Co. has closed its acquisition of 6,230 gross (3,862 net) surface acres and associated production located in Midland, Andrews, Martin, and Ector counties, Texas.

    MIDSTREAM NEWS

    10/09/2014

    Breitburn begins public offering of $400M of senior notes due 2023

    10/08/2014 Breitburn Energy Partners LP has begun a public offering, subject to market and other conditions, of $400,000,000 aggregate principal amount of senior notes due 2023 of Breitburn and Breitburn Fina...

    More Oil & Gas Financial Articles

    NRP prices $125M private senior notes placement

    Fri, Oct 10, 2014

    Natural Resource Partners LP reports the pricing of its private offering of $125,000,000 aggregate principal amount of  9.125% senior notes due 2018.

    Eos begins tender offer for all shares of Dune Energy

    Fri, Oct 10, 2014

    Eos Petro Inc. and Dune Energy Inc. report that Eos' directly wholly owned subsidiary, Eos Merger Sub Inc., has begun a tender offer to acquire all of the outstanding shares of Dune common stock for $0.30 per share in cash, without interest and less any applicable withholding taxes.

    Callon completes core Midland Basin acquisition

    Thu, Oct 9, 2014

    Callon Petroleum Co. has closed its acquisition of 6,230 gross (3,862 net) surface acres and associated production located in Midland, Andrews, Martin, and Ector counties, Texas.

    MIDSTREAM NEWS

    Thu, Oct 9, 2014

    Breitburn begins public offering of $400M of senior notes due 2023

    Wed, Oct 8, 2014

    Breitburn Energy Partners LP has begun a public offering, subject to market and other conditions, of $400,000,000 aggregate principal amount of senior notes due 2023 of Breitburn and Breitburn Finance Corp. (co-issuer), its wholly owned subsidiary.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ