Amplify Energy Aims to Strengthen Financial Stability with Bonds

Amplify Energy Corp. Plans Investor Meetings for New Bond Offering
Amplify Energy Corp. (NYSE: AMPY) has announced plans to host a series of fixed income investor meetings. The scheduled events will start soon and are part of the Company’s efforts to strengthen its financial position through a potential bond offering.
Pursuing Financial Flexibility with New Bonds
The forthcoming meetings will delve into a possible USD-denominated, 5-year senior unsecured bond issue. This initiative reflects Amplify Energy's commitment to expanding its options for funding and meeting the diverse needs of its business.
Objective of the Bond Offering
Should the bond be issued, the net proceeds are expected to finance partial repayment of the Company’s reserve-based lending facility, alongside serving general corporate requirements. This would provide Amplify Energy with enhanced liquidity, promoting greater operational flexibility moving forward.
Important Details for Interested Investors
The prospective bonds will be offered mainly to qualified institutional buyers. This regulatory approach allows the Company to issue bonds in accordance with established financial regulations, ensuring potential investors are adequately informed of their rights and obligations. The offering aims to create a balance between attracting investment and adhering to legal frameworks.
About Amplify Energy
Amplify Energy operates as an independent oil and natural gas company dedicated to acquiring and developing energy properties. The Company's reach extends across key regions, including Oklahoma, the Rockies, and offshore Southern California, among others. Amplify Energy is focused on leveraging its resources efficiently to enhance production and sustain growth in the highly competitive energy sector.
Company Contact Information
For inquiries regarding the bond offering or other corporate matters, interested parties can get in touch with the financial team at Amplify Energy. Jim Frew serves as the Senior Vice President and Chief Financial Officer, reachable at (832) 219-9044 or via email.
Michael Jordan, serving as the Director of Finance and Treasurer, can also be contacted at (832) 219-9051 for further details about the Company’s financial strategies and investor relations.
Frequently Asked Questions
What is the purpose of the upcoming investor meetings?
The meetings aim to discuss a potential bond offering that would enhance Amplify Energy's financial positioning and aid in repaying existing debts.
How will the proceeds from the bond be utilized?
Proceeds from the bond offering are anticipated to assist in the partial repayment of the Company’s reserve-based lending facility and support general corporate needs.
Who is eligible to invest in the bond offering?
The bonds will be offered primarily to qualified institutional buyers, following specific regulatory requirements to ensure compliance.
What are the key areas of operation for Amplify Energy?
Amplify Energy focuses on acquiring, developing, and producing oil and natural gas properties across various regions, ensuring a diversified portfolio in the energy industry.
Who can I contact for more information about Amplify Energy?
For queries regarding the bond offering or corporate matters, potential investors can reach out to Jim Frew or Michael Jordan via their provided contact numbers.
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