Kimmeridge Texas Gas (KTG or the Company), a producer of natural gas backed by Kimmeridge, announced it successfully priced its inaugural US$500 million senior notes offering at 8.50%, upsized from an original US$450 million proposed offering size. The net proceeds will be used to repay a portion of the Company’s outstanding revolver borrowings and to further ongoing initiatives as the Company seeks to deliver natural gas from wellhead to water on a net-zero basis.
Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by Austin partners David Miller and Samuel Rettew, with associates Paul Robe, Caitlyn Fiebrich, and Ki Choi. Advice was also provided on tax matters by Houston partner Bryant Lee, with associate Molly Elkins; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo.
