Simpson Thacher Represents Initial Purchaser in Offering of $200 Million of Additional Senior Notes by MEG Energy Corp.
Simpson Thacher represented Barclays as initial purchaser in connection with a 144A/Regulation S offering by MEG Energy Corp. (“MEG”) of $200 million additional aggregate principal amount of 7.0% senior notes due 2024. The notes were issued as additional notes under an indenture pursuant to which MEG issued $800 million of 7.0% senior notes due 2024 on October 1, 2013. MEG intends to use the net proceeds from the offering for general corporate purposes, including funding its 2014 capital program.