Deals this week: Tokyo Gas, Comstock Resources, Remora Royalties

Japanese gas utility company Tokyo Gas plans to raise JPY20bn ($178m) through the issuance of 0.876% unsecured notes due July 2048 in a public offering.

The funds secured from the offering will be utilised by the company towards the payment of the commercial paper.

Comstock Resources has agreed to issue senior unsecured notes in an $850m private placement.

Due 2026, the notes will be subscribed to by institutional and sophisticated investors.

Based in the US, Comstock is an oil and gas exploration and production company.

The funds raised from the placement will be used by Comstock to repay its debts, for its credit revolving facility, and other capital expenditure.

Remora Royalties has submitted an S-1 registration statement form to the US Securities and Exchange Commission for the issuance of Class A common shares in an initial public offering (IPO) to raise $100m.

Based in the US, Remora Royalties owns and acquires mineral and royalty interests in hydrocarbons assets located in the US.

The funds raised from the IPO will be used by Remora to repay its debts.

Energy Transfer Partners plans to raise $400m by issuing 16 million 7.625% Series D fixed-to-floating rate cumulative redeemable perpetual preferred units priced at $25 a unit in a public offering.

The underwriters will be granted a 30-day option to buy 2.4 million additional preferred units.

Based in the US, Energy Transfer Partners owns and operates hydrocarbon assets.

The company plans to utilise the proceeds from the offering to buy additional Series D preferred units, repay its debts and for other general corporate purposes.

Efora Energy has agreed to raise R600m ($45.32m) by issuing 1.2 billion shares priced at R0.5 ($0.037) a share in a renounceable rights offering.

Based in South Africa, Efora Energy is an independent oil and gas company.

PBF Logistics plans to raise $35m by issuing 1.7 million units priced at $19.71 a unit in a private placement.

Certain funds managed by Tortoise Capital Advisors will subscribe to the placement.

The proceeds from the placement will be used by PBF Logistics for general partnership purposes and debt repayments.