Deals this week: Repsol, Tallgrass Energy, Black Stone Minerals

Repsol, through its financial arm Repsol International Finance, has raised $547.84 through the issue of bonds due 23 May 2022.

The bonds yield a 0.5% coupon rate payable annually, and are priced at 99.568% of the principal amount.

Repsol has appointed Banca IMI, Banco Bilbao Vizcaya Argentaria, Banco Santander Totta, BNP Paribas (Suisse), CaixaBank, Citigroup, Goldman Sachs & Co, HSBC Holdings, Morgan Stanley & Co, and Societe Generale as book-runners for the offering.

The proceeds from the offering are intended to be used by the company to refund and fund projects to reduce greenhouse gas emissions in refining and chemical operations in Spain and Portugal.

Tallgrass Energy Partners, through its subsidiary Tallgrass Energy Finance, plans to raise $200m through the issue of 5.5% senior notes due 2024 in a private placement.

The proceeds from the placement are intended to be used by Tallgrass to repay outstanding borrowings under its existing senior secured revolving credit facility.

Black Stone Minerals has agreed to acquire approximately 138,000 gross mineral acres located in Angelina and surrounding counties in Texas, US, from Angelina County Lumber Company (ACLCO).

The deal involves a purchase consideration of approximately $33.96m, which will be funded by Black Stone through a combination of cash and equity.

The transaction will allow Black Stone to expand its oil and gas assets portfolio in the state.

Resolute Energy Corporation has announced the pricing of its senior notes due 2020. The company intends to raise $125m through the private placement.

The notes yield a coupon rate of 8.5%, payable semi-annually on 1 May and 1 November of each year.

The amount raised from the placement is intended to be used by the company to fund the acquisition of certain oil and gas properties in the Delaware Basin, to repay outstanding borrowings under its senior credit facility and for general corporate purposes.

The private placement is scheduled for completion on 12 May.

United Oil and Gas has agreed to farm-in 20% stake in the Podere Gallina licence located in northern Italy, from Po Valley Energy.

United Oil will fund the drilling costs of the Podere Maiar-1 exploration well, under the agreement.

The Podere Gallina licence extends over an area of 331km² in the eastern part of the Po Plain in the Emilia Romagna Region.

United Oil intends to expand its gas assets portfolio in the country through the farm-in.