Akin Gump Advises Laredo Petroleum, Inc. in a Series of Securities Transactions Totaling $1.8 Billion

January 24, 2020

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Jacinta O'Shea-Ramdeholl

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Sarah Richmond

Senior Communications Manager

(Houston) – A team from Akin Gump has advised Laredo Petroleum, Inc. in a series of recent securities transactions.

In the first transaction, Laredo sold $1 billion of senior notes in a registered underwritten offering, comprising $600 million 9.5% senior unsecured notes due 2025 and $400 million 10.125% senior unsecured notes due 2028.

In the second transaction, Laredo purchased approximately $730 million of its existing 5.625% senior unsecured notes due 2022 and 6.25% senior unsecured notes due 2023 pursuant to its previously announced tender offers and consent solicitations.

Finally, Laredo elected to optionally redeem all of its outstanding existing notes not tendered in the tender offers and consent solicitations.

The Akin Gump team advising Laredo on each of these transactions included corporate partners Chris LaFollette, Chris Centrich, Chip Cowell and Eric Muñoz, senior counsel Alexandra Reuss, and counsel Paul Monsour and Kevin Schott as well as tax partner Jocelyn Tau.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

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