The Firm represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the registered public offering by Denbury Resources Inc. (“Denbury”) of $1.2 billion aggregate principal amount of its 4 5/8% Senior Subordinated Notes due 2023. The net proceeds were used to fund a cash tender offer for all of Denbury’s outstanding 9½% Senior Subordinated Notes due 2016 and 9¾% Senior Subordinated Notes due 2016, to repay borrowings under Denbury’s bank credit facility and for general corporate purposes.
Denbury is an important independent oil and natural gas company based in Plano, Texas.
The Simpson Thacher team for the offering included Gary Sellers, Justin Cooke and Rodrigo Surcan dos Santos (Securities); Jonathan Cantor and Jodi Sackel (Tax); Mardi Merjian (Real Estate); Timothy Mulvihill (Environmental); Jeanne Annarumma (Executive Compensation and Employee Benefits) and Jennie Getsin (Blue Sky and FINRA).
