M&A
confidence high
sentiment positive
materiality 0.75
Amplify Energy Corp. (AMPY): M&A transaction — Amplify Energy closes $122M East Texas sale; Oklahoma divestiture expected by Dec 29
Amplify Energy Corp.
- Closed East Texas asset sale on Dec 23 for $122M cash, subject to post-closing adjustments.
- Expects to close Oklahoma asset sale on or about Dec 29 for $92.5M cash.
- Proceeds used to repay $115M from East Texas and $8M from Oklahoma under revolver.
- Pro forma debt reduced to $0 from $123M; estimated $97.5M gain on East Texas sale.