Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. as joint book-running managers on a Rule 144A/Regulation S offering by PDC Energy of $500 million aggregate principal amount of its 7.75% senior notes due 2022.
Headquartered in Denver, Colorado, PDC Energy is a domestic independent exploration and production company that acquires, develops, explores and produces crude oil, NGLs and natural gas with operations in the Western and Eastern regions of the United States.
The Davis Polk capital markets team included partners Deanna L. Kirkpatrick and Michael Kaplan and associates Phoebe Nel, Shane Tintle and Jeffrey Brenner. The tax team included partner Lucy W. Farr and law clerk Tracy L. Matlock. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Counsel Erin K. Cho provided ERISA advice. Sorina Delia Lazar and Kristyn M. Dunleavy were the legal assistants on the transaction. All members of the Davis Polk team work in the New York office, except for Erin K. Cho who works in the Washington DC office.
