Akin Gump Advises Wells Fargo Securities in WildHorse Resource Development Note Offering

(Houston) – WildHorse Resource Development Corporation has announced the pricing of its previously announced private placement to eligible purchasers of $150 million in aggregate principal amount of its 6.875 percent senior unsecured notes due 2025 at an issue price of 98.26 percent of par. Akin Gump represented Wells Fargo Securities and the other initial purchasers.

The senior notes are being offered as additional notes to the $350 million aggregate principal amount of 6.875 percent senior notes due 2025 that WildHorse previously issued on February 1, a deal in which Akin Gump also advised Wells Fargo Securities. WildHorse intends to use the net proceeds from the proposed offering to repay the borrowings outstanding under its revolving credit facility and for general corporate purposes.

The Akin Gump team was led by oil and gas partner John Goodgame and counsel Cynthia Mabry, with support from oil and gas partners Chip Cowell and Eric Muñoz, tax partner Alison Chen, and oil and gas associates Cynthia Angell and Patrick Moneypenny.

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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