BMO Capital Markets Serves as Initial Purchaser in Surge Energy’s $700 Million Senior Notes Offering

January 18, 2018

Houston – Paul Hastings LLP, a leading global law firm, advised BMO Capital Markets as representative for the initial purchasers in the private offering of $700 million aggregate principal amount of 7.500% senior notes due 2026 issued by Moss Creek Resources Holdings, Inc. (“Moss Creek”), a wholly owned subsidiary of Surge Energy US Holdings Company.

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

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Houston-based Surge Energy is focused on the acquisition and development of onshore oil and gas properties in the United States.

Moss Creek intends to use the proceeds of the offering to repay all outstanding borrowings under, and terminate Moss Creek’s existing term loan facility, repay outstanding borrowings under Moss Creek’s revolving credit facility, and pay related fees and expenses of such transactions and, to the extent there are any remaining proceeds, for general corporate purposes.

Partners Paris Theofanidis (Finance) and Doug Getten (Securities and Capital Markets) led the Paul Hastings team, with significant involvement and leadership from of counsel Will Burns and associate Jason Ewart. Associates Cecilia Wang, Bianca Lee and Stephen Perry also assisted on the transaction.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.