Finance - Debt & Equity

Energy Capital Markets Endure Worst Quarter This Decade

Last year ended with the worst quarter for upstream equity issuances since 2010 as only two equity deals raised $67.5 million.

Emily Patsy

Fitch Downgrades Mexico's Pemex Rating; Peso Falls

Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets.

Reuters

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

Energy Bankruptcies Slow, But Debt Remains High

While energy bankruptcy filings slowed in 2018, the total amount of debt in oil and gas remains staggering, a recent Haynes and Boone report says.

Ellen Chang

New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.

Reuters

Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan, which holds about 70% majority voting interest in Kinder Morgan Canada, has hired investment bank TD Securities to facilitate a potential sale of its Canadian business.

Reuters

SemGroup Boosts Montney Footprint With New KKR JV

Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.

Emily Patsy

Integrated LNG Company New Fortress Energy Launches $400 Million IPO

New Fortress Energy is looking to capitalize on a growing supply-demand gap by developing LNG assets particularly in areas with significant “stranded” natural gas reserves.

Emily Patsy

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

Reuters

Targa Debt Offering Marks First High-yield Bond Deal Since November

Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.

Emily Patsy

Energy Transfer Operating Announces Pricing of $4 Billion Of Senior Notes

Entity was known as Energy Transfer Partners LP.

US Energy Investors Eye Cheap Takeovers As Oil Prices Sink

Sinking oil prices are turning distressed U.S. energy companies, such as Gastar Exploration, Parker Drilling and Waypoint Leasing, into takeover targets for opportunistic private investors.

Aaron Weinman, Reuters

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