Baker Botts Represents Coterra Energy Inc. in $1.5 Billion Senior Unsecured Notes Offering
Deal Description: Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) announced that it has closed its previously announced offering of $750 million aggregate principal amount of 5.40% Senior Notes due 2035 (the “2035 Notes”) and $750 million aggregate principal amount of 5.90% Senior Notes due 2055 (the “2055 Notes” and, together with the 2035 Notes, the “Notes”).
Coterra intends to use the net proceeds from the offering, together with cash on hand and certain borrowings, to fund the cash consideration component of its previously announced acquisitions of the issued and outstanding equity ownership interests of certain affiliates of Franklin Mountain Energy Holdings, LP and certain assets from Avant Natural Resources, LLC and certain of its affiliates and to pay fees and expenses related to the acquisitions.
Baker Botts advised Coterra in this transaction.
Baker Botts Lawyers/Offices Involved:
- Corporate: Clint Rancher (Partner, Houston); Eileen Boyce (Partner, Houston); Michael Mazidi (Associate, Houston); Sarah Dyer (Associate, Houston); Brevan Ward (Associate, Houston)
- Tax: Jon Lobb (Partner, Houston); Derek Green (Partner, Houston); Andy Maughan (Associate, Houston)
- Finance: Clint Culpepper (Partner, Austin); Lyman Paden (Senior Counsel, Houston); Morgan Copher (Associate, Dallas)
- Environmental: Elizabeth Singleton (Special Counsel, Houston)
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