Latham & Watkins Advises Sable Offshore Corp. in US$250 Million Private Offering of Common Stock

Sable Offshore Corp. (NYSE: SOC, Sable) announced it has entered into subscription agreements to issue 45,454,546 shares of its common stock in a private placement to institutional investors at a purchase price of US$5.50 per share. Sable expects to receive gross proceeds of approximately US$250 million, before deducting placement agent fees and other offering expenses.

Latham & Watkins LLP represented Sable in the offering with a corporate team led by Houston partner Ryan Maierson, with associates Shawn Quinn, Ryan Hudson, Chelsea Carlson, and Andrew Willis.