American Energy - Permian Basin, LLC Announces Offering Of $800 Million Of Exchangeable Subordinated Notes

OKLAHOMA CITY, Oct. 29, 2014 /PRNewswire/ -- American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), announced today that its affiliate, American Energy Permian Holdings, LLC, intends to offer $800 million of exchangeable junior subordinated notes due 2022 (Notes) in an unregistered offering to institutional investors.

The net proceeds from the offering of the Notes will be contributed to AEPB and used by it to fund pending acquisitions, accelerate development drilling, pay related fees, repay all outstanding borrowings under its revolving credit facility and for general corporate purposes.

The Notes have not been registered under the Securities Act of 1933, as amended (Securities Act) or the securities laws of any other state or jurisdiction, and may not be offered or sold without registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

SOURCE American Energy Partners, LP

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