Civitas Resources’ $400 Million Senior Notes Offering

Kirkland counseled Civitas Resources on the deal.

Civitas Resources, an oil and gas exploration and production company to be formed through the three-way merger of Extraction Oil & Gas, Inc., Bonanza Creek Energy, Inc. and Creston Peak Resources, executed its inaugural 144A/Reg S offering of $400 million in senior unsecured notes.

The proceeds of the offering will be used pay down indebtedness of the post-merger Company. Following the completion of the mergers, Civitas will be one of the largest producers of oil and natural gas in Colorado, as well as its first carbon-neutral operator.

The Kirkland team was led by capital markets partners Julian Seiguer (Picture) and Bryan Flannery and associates Logan Weissler, Tony Flor, Jessica Stenglein and Cecilia Turchetti; with involvement from debt finance partners Will Bos and Shan Khan and associate Aisha Noor; tax partners Mark Dundon and Joe Tobias and associate Courtney Loyack; environmental transactions partner Jonathan Kidwell and of counsel Jennifer Cornejo; employee benefits partners Liz Dyer, Jeffery Quinn and Erica Rozow; and energy regulatory partners Brooksany Barrowes and Marcia Hook.

Involved fees earner: Brooksany Barrowes – Kirkland & Ellis; William Bos – Kirkland & Ellis; Jennifer Cornejo – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Bryan Flannery – Kirkland & Ellis; Tony Flor – Kirkland & Ellis; Marcia Hook – Kirkland & Ellis; Shan Khan – Kirkland & Ellis; Jonathan Kidwell – Kirkland & Ellis; Courtney Loyack – Kirkland & Ellis; Aisha Noor – Kirkland & Ellis; Jeffrey Quinn – Kirkland & Ellis; Erica Rozow – Kirkland & Ellis; Julian Seiguer – Kirkland & Ellis; Jessica Stenglein – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; Cecilia Turchetti – Kirkland & Ellis; Logan Weissler – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Civitas Resources;