Announcement of Fixed Income Investor Meetings
Amplify Energy Corp. (NYSE: AMPY) announced plans to conduct fixed income investor meetings starting March 31, 2025, potentially leading to a new USD-denominated, 5-year senior unsecured bond offering. The company has appointed Arctic Securities AS and DNB Markets as joint bookrunners for the meetings.
If issued, the bonds' net proceeds would be used for partial repayment of the company's reserve-based lending facility and general corporate purposes. The offering would be exclusively available to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933.
Amplify Energy Corp. (NYSE: AMPY) ha annunciato piani per condurre incontri con investitori in strumenti a reddito fisso a partire dal 31 marzo 2025, che potrebbero portare a un'offerta di obbligazioni senior non garantite in USD della durata di 5 anni. L'azienda ha nominato Arctic Securities AS e DNB Markets come bookrunner congiunti per gli incontri.
Se emesse, le entrate nette delle obbligazioni sarebbero utilizzate per il rimborso parziale della linea di credito basata su riserve e per scopi aziendali generali. L'offerta sarebbe esclusivamente disponibile per acquirenti istituzionali qualificati negli Stati Uniti ai sensi della Regola 144A del Securities Act del 1933.
Amplify Energy Corp. (NYSE: AMPY) anunció planes para llevar a cabo reuniones con inversores en renta fija a partir del 31 de marzo de 2025, lo que podría dar lugar a una nueva oferta de bonos senior no garantizados en USD a 5 años. La empresa ha designado a Arctic Securities AS y DNB Markets como corredores conjuntos para las reuniones.
Si se emiten, los ingresos netos de los bonos se utilizarían para el reembolso parcial de la línea de crédito basada en reservas y para fines corporativos generales. La oferta estaría exclusivamente disponible para compradores institucionales calificados en los Estados Unidos bajo la Regla 144A de la Ley de Valores de 1933.
Amplify Energy Corp. (NYSE: AMPY)는 2025년 3월 31일부터 고정 수익 투자자 회의를 개최할 계획을 발표했으며, 이는 5년 만기 USD 표시의 비보장 선순위 채권 발행으로 이어질 수 있습니다. 회사는 회의를 위해 Arctic Securities AS와 DNB Markets를 공동 북러너로 임명했습니다.
발행될 경우, 채권의 순수익은 회사의 유보 기반 대출 시설의 부분 상환 및 일반 기업 목적에 사용될 것입니다. 이 제안은 1933년 증권법 제144A조에 따라 미국의 자격 있는 기관 투자자에게만 독점적으로 제공됩니다.
Amplify Energy Corp. (NYSE: AMPY) a annoncé des plans pour organiser des réunions avec des investisseurs en titres à revenu fixe à partir du 31 mars 2025, ce qui pourrait aboutir à une nouvelle émission d'obligations senior non sécurisées en USD d'une durée de 5 ans. L'entreprise a désigné Arctic Securities AS et DNB Markets comme co-responsables de livre pour ces réunions.
Si elles sont émises, les produits nets des obligations seraient utilisés pour le remboursement partiel de la ligne de crédit basée sur les réserves de l'entreprise et pour des fins corporatives générales. L'offre serait exclusivement disponible pour des acheteurs institutionnels qualifiés aux États-Unis en vertu de la règle 144A de la loi sur les valeurs mobilières de 1933.
Amplify Energy Corp. (NYSE: AMPY) gab bekannt, dass ab dem 31. März 2025 Treffen mit Investoren im Bereich festverzinslicher Wertpapiere stattfinden sollen, was möglicherweise zu einem neuen, 5-jährigen, nicht besicherten Senior-Anleiheangebot in USD führen könnte. Das Unternehmen hat Arctic Securities AS und DNB Markets als gemeinsame Bookrunner für die Treffen benannt.
Falls ausgegeben, würden die Nettomittel der Anleihen für die teilweise Rückzahlung der kreditbasierten Kreditfazilität des Unternehmens und allgemeine Unternehmenszwecke verwendet werden. Das Angebot wäre ausschließlich für qualifizierte institutionelle Käufer in den Vereinigten Staaten gemäß Regel 144A des Securities Act von 1933 verfügbar.
- Potential debt restructuring through new bond offering could improve financial flexibility
- Opportunity to refinance existing reserve-based lending facility
- Additional debt issuance could increase company's financial obligations
- Bond offering subject to market conditions, indicating uncertainty in execution
HOUSTON, March 30, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) has mandated Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, as joint bookrunners to arrange a series of fixed income investor meetings commencing March 31, 2025. A new USD-denominated, 5-year senior unsecured bond issue (the “Bonds”) may follow, subject to market conditions, among other factors (the “Contemplated Bond Offering”).
The net proceeds from the Contemplated Bond Offering is expected to be applied towards partial repayment of the Company’s reserve-based lending facility and general corporate purposes.
The Bonds, if issued, will be offered and sold in the United States or its territories only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Bonds, if issued, will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release is for informational purposes only and shall not constitute or form a part of any offer to sell or the solicitation of an offer to buy any securities of Amplify, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful, and is being issued in the United States pursuant to and in accordance with Rule 135c under the Securities Act.
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that addresses activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates, including whether the conditions to the Mergers can be satisfied, whether the Mergers will be completed, as expected or at all, and the timing of Closing. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
Contacts
Jim Frew -- Senior Vice President and Chief Financial Officer
(832) 219-9044
jim.frew@amplifyenergy.com
Michael Jordan -- Director, Finance and Treasurer
(832) 219-9051
michael.jordan@amplifyenergy.com
FAQ
When will Amplify Energy (AMPY) begin its fixed income investor meetings?
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