Samson talks $750 million term loan at Libor plus 500-525 bps

By Sara Rosenberg

New York, Sept. 13 - Samson Investment Co. released talk of Libor plus 500 basis points to 525 bps with an original issue discount of 99 on its $750 million six-year covenant-light term loan (B1), according to a market source.

As previously reported, the loan has a 1.25% Libor floor and 101 soft call protection for one year.

Commitments are due on Sept. 20.

Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Barclays, RBC Capital Markets LLC, Citigroup Global Capital Markets Inc. and Mizuho Securities USA Inc. are the lead banks on the deal that launched with a bank meeting on Wednesday.

Proceeds will be used to pay down revolving credit facility borrowings.

Samson is a Tulsa, Okla.-based private exploration and production company.

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