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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Athabasca Oil Corporation Closes Notes Offering

Athabasca Oil Corporation closed a private placement of $450 million aggregate principal amount of 9.875% senior secured second lien notes due 2022. Athabasca applied the net proceeds from the offering to fund its cash tender offer for any and all of its Cdn$550 million aggregate principal amount of 7.50% second lien notes due 2017. Athabasca is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Paul, Weiss represented the placement agents for the issuance of the 2022 notes, led by RBC Capital Markets, Goldman Sachs and Credit Suisse, and represented RBC Capital Markets  as dealer manager for the tender offer.

The Paul, Weiss team included corporate partner Christopher Cummings; environmental counsel William O’Brien; tax partner David Mayo; and employee benefits partner Lawrence Witdorchic.

February 24, 2017

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