Finance - Debt & Equity

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Wells Fargo Problem Loans Jump 62%, Driven By Energy

Wells Fargo has been one of the most aggressive large banks in providing equity and second lien financing to small E&Ps in the sector.

Emily Moser
Thu, 05/05/2016 - 07:30
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JPMorgan Sees Sharp Rise In Precarious Oil, Gas Loans

The change in criticized status comes as JPMorgan and other banks have added to reserves for possible loan losses because of the impact on sharply lower oil revenue on the ability of borrowers in the shale oil industry to repay their debts.

Emily Moser
Mon, 05/02/2016 - 09:34
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Sage Midstream Ventures Receives $500 Million In Equity

Sage Midstream will provide transportation, processing, fractionation, storage and marketing services for natural gas, NGL, crude oil, petrochemicals and refined products. 

Erin Pedigo
Tue, 04/19/2016 - 10:11
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Columbia Pipeline Begins Exchange Offer For Notes

Unregistered 2.45% notes due 2018, 3.30% notes due 2020, 4.50% notes due 2025 and 5.80% notes due 2045 will be exchanged for the same amount of registered notes.

Erin Pedigo
Thu, 04/14/2016 - 16:37
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Scotiabank Warns Cutting Oil Firms' Credit, More Consolidation

Porter said he expects to see more consolidation in the oil sector. "You will see increased energy M&A and I think you're going to see increased issuance throughout the sector," he said.

Emily Moser
Wed, 04/13/2016 - 07:54
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Spectra Energy Corp. Will Acquire Spectra Energy Partners Common Units

Spectra also priced 14 million common shares at $30 each, for expected proceeds of about $420 million; these proceeds will finance this private placement transaction.

Erin Pedigo
Tue, 04/05/2016 - 10:27
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Enterprise Products Operating Prices $1.25 Billion Of Senior Notes

The offer’s settlement date is scheduled for April 13. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., DNB Markets Inc. and Scotia Capital (USA) Inc. are joint book-running managers.

Erin Pedigo
Mon, 04/04/2016 - 16:49
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Pembina Closes Bought Deal Financing For CA$345 Million In Proceeds

The net proceeds and funds available under the credit facilities will finance the purchase price for the proposed acquisition of certain natural gas processing assets from Paramount Resources, Pembina said.

Erin Pedigo
Tue, 03/29/2016 - 09:23
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Hastings Equity Partners Adds Permian Service Company To Portfolio

The acquisition is part of the Boston private equity firm's fifth Fund III platform investment. The firm focuses on investing in lower middle market energy services and equipment companies, the release said.

Erin Pedigo
Mon, 03/28/2016 - 12:25
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Antero Midstream Prices Secondary Common Unit Offering

Antero Resources will own about 62% of the partnership's outstanding common and subordinated units. The offering is scheduled to close on March 30. Citigroup is the sole book-running manager. 

Erin Pedigo
Thu, 03/24/2016 - 14:40
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Tidewater Midstream And Infrastructure Closes Bought Deal Financing

The net proceeds will reduce debts partially incurred to fund the acquisition of certain AltaGas Ltd. infrastructure assets; this acquisition closed on February 29. The proceeds will also support general corporate purposes.

Erin Pedigo
Wed, 03/23/2016 - 16:18
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Shell Midstream Partners Prices Common Units Offer

Net proceeds from this offering and from Shell Midstream’s general partner's proportionate capital contribution will repay outstanding borrowings under Shell Midstream’s revolving credit facilities and support general partnership purposes.

Erin Pedigo
Wed, 03/23/2016 - 11:35

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