OKLAHOMA CITY, Nov. 4, 2015 (GLOBE NEWSWIRE) -- American Energy – Permian Basin, LLC ("AEPB" or "the Company"), an affiliate of American Energy Partners, LP, announced today that it and AEPB Finance Corporation ("Finance Corp.", and together with the Company, the "Issuers") have received the Requisite Consents (as defined below) from holders of their outstanding 8.000% Senior Secured Second Lien Notes due 2020 (the "Notes") to approve amendments (the "Proposed Amendments") to the indenture governing the Notes (the "Indenture") that the Issuers had requested pursuant to their previously announced consent solicitation (the "Consent Solicitation"). The Proposed Amendments are set forth in full in the Issuers' Consent Solicitation Statement, dated November 3, 2015, which was distributed to all holders of the Notes eligible to consent to the Proposed Amendments.
Adoption of the Proposed Amendments required the consent of holders of record as of October 23, 2015 of a majority of the outstanding aggregate principal amount of the Notes (the "Requisite Consents"). Currently, $295,000,000 in aggregate principal amount of the Notes is outstanding.
The Consent Solicitation expired at 5:00 p.m., New York City time, on Tuesday, November 3, 2015 (the "Expiration Date").
Following receipt of the Requisite Consents, the Issuers and Wilmington Trust, National Association, as trustee, executed a supplemental indenture (the "Supplemental Indenture") incorporating the Proposed Amendments to the Indenture. At that time, the Proposed Amendments effected by the Supplemental Indenture became effective and consents could no longer be revoked.
Goldman, Sachs & Co. acted as the Solicitation Agent in connection with the Consent Solicitation, and Global Bondholder Services Corporation served as Information Agent and Tabulation Agent.
CONTACT: Charlie Rexford Brunswick Group 212-333-3810Source:American Energy Partners LP