Akin Gump Advises Laredo Petroleum in Common Stock Offering
(Houston) – Laredo Petroleum, Inc. completed an underwritten public offering of 13 million shares of its common stock. Laredo granted the underwriters a 30-day option to purchase up to 1.95 million additional shares of its common stock. Akin Gump advised Laredo in the matter.
Laredo used the net proceeds from the sale of the shares of common stock to repay borrowings under its senior secured credit facility incurred for working capital purposes and to fund the purchase price of its recently announced asset acquisition. (Click here for more on Akin Gump’s work on that matter.)
Christine LaFollette, a partner in Akin Gump’s oil and gas practice and partner in charge of its Houston office, led the team advising Laredo. She was joined by counsel Alexandra Reuss and associates Brandon Hauver and Michelle Zavislan.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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