Baker McKenzie advised Sundance Energy Australia Limited on its A$331 million capital raising of new equity comprised of A$257 million of commitments that have been received for two tranche placements plus a fully underwritten entitlement offer to raise A$74 million.
Sundance Energy Australia Ltd. (ASX: SEA) is a US onshore oil and gas company headquartered in Denver, Colorado. Since listing on the Australian Securities Exchange in 2005, the Company has remained focused on the identification, appraisal, development and production of large, repeatable resource plays in the US.
Baker McKenzie lead partner on the transaction, Steven Glanz stated: "We were delighted to act for Sundance Energy Australia on an equity raising that will increase its capitalisation several times over".
The transaction was co-led with Antony Rumboll and was assisted by a Baker McKenzie team comprising: partner Andrew Reilly and associates Paul Anderson, Ivo Basoski and Emily Hunter.
Funds raised were largely to acquire certain Eagle Ford Shale properties from a consortium managed by Pioneer Natural Resources USA, Inc.
Recently Baker McKenzie acted on the issue of A$750 million Floating Rate Subordinated Notes due 2028 by DBS Group Holdings under DBS's A$30 billion Global Medium Term Note Programme.