Cabot Oil & Gas Corporation and Cimarex’s Financing for Combination

Simpson Thacher advised the dealer managers and the administrative agent on the deal.

Cimarex Energy Co. announced the completion of its exchange offer and related consent solicitations in respect of approximately $2 billion aggregate principal amount of outstanding notes pursuant to which approximately $1.825 billion aggregate principal amount of new notes were issued by Coterra Energy Inc.  

J.P. Morgan Securities and BofA Securities acted as dealer managers in connection with the notes offering while JPMorgan and Chase Bank acted as administrative agent for Coterra’s revolving credit facility. 

Coterra is a premier, diversified energy company based in Houston, Texas. It strives to be a leading producer, delivering returns with a commitment to sustainability leadership. 

The Simpson Thacher team for the transaction included Brian E. Rosenzweig (Picture), Matt Hart, Margaret Selbe and Ian Simrod (Capital Markets); Robert Rabalais and Dylan Benac (Credit); Jonathan Cantor and Scott Grundei (Tax); Genevieve Dorment and Corina McIntyre (Intellectual Property); Brian Chung (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Jennie Getsin (Blue Sky).

Involved fees earner: Dylan Benac – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Brian Chung – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Robert Rabalais – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Margaret Selbe – Simpson Thacher & Bartlett; Ian Simrod – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; JP Morgan Chase & Co.; JP Morgan Securities;

Avatar

Author: Alejandro Girola