Moss Creek plans loan paydown with $500 million note issue

By Rebecca Melvin

New York, April 22 – Moss Creek Resources Holdings Inc. plans to pay down all outstanding loans under its revolving credit facility using proceeds from a new bond issue.

Moss Creek, a subsidiary of Surge Energy US Holdings Co., said it plans to offer $500 million principal amount of senior notes due 2027.

The notes will be senior unsecured obligations of Moss Creek and will initially be guaranteed by the company’s two subsidiaries, Moss Creek Resources LLC and Surge Operating LLC.

Moss Creek is a Dallas-based independent oil and gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.