Moss Creek Resources $700 million 7.5% notes issue

18/1/2018

High-yield bond/note issue

Value:

$ 700 million

Status:

Completed

Date:

18/1/2018

Overview:

Moss Creek Resources has issued $700 million in senior notes.
The 7.5% notes are due 2026.
BMO Capital Markets acted as initial purchaser.
Proceeds will be used for debt repayment.
Moss Creek is a a subsidiary of Chinese group Ningbo Dingliang Huitong Equity Investment Center.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : High yield

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Paul Hastings

Party: BMO Capital Markets (Initial purchaser)

Lawyer: Paris Theofanidis

Simpson Thacher & Bartlett

Party: Moss Creek Resources (Issuer)

Lawyers: Hui Lin, Ken Wallach

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