You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Investors offered stake in Sundance Energy

Investors have been given the opportunity to buy a stake in $10 million of Sundance Energy’s share as part of a $90 million equity raising for the oil and gas company.

June 16, 2016 By Melissa Coade
Investors offered stake in Sundance Energy
expand image

Firms: Baker & McKenzie (Sundance Australia Energy Ltd);

Deal: Sundance Energy has successfully approved a $90 million equity raising proposal.

Value: $90 million

Area: M&A

Key players: Baker & McKenzie partners Steven Glanz and Kate Jefferson led the team advising Sundance Energy on the transaction, with assistance from senior associate Peter Debney.

Deal significance: Sundance Energy is an ASX-listed onshore oil and gas company with headquarters in Colorado, US.

The company has offered an $80 million two tranche share placement to professional and sophisticated investors in addition to a share purchase plan (SPP) proposal to raise up to $10 million. The placement and SPP together result in a $90 million equity raising.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company