Earthstone Energy Holdings (EEH), a subsidiary of independent energy company Earthstone Energy, Inc., has launched a $550 million private offering of senior unsecured notes to eligible purchasers.
EEH intends to use the net proceeds from the notes offering to repay a portion of the outstanding borrowings under its revolving credit facility, with the rest going to general corporate purposes.
Earthstone Energy is an independent energy company engaged in acquisition and the development and operation of oil and natural gas properties. Its primary assets are located in the Permian Basin of west Texas and New Mexico.
