1 Aug 2014securities registration● Neutral
Athlon Energy Inc. filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 July 2014securities registration● Neutral
Athlon Energy Inc. amended a filing by which it registered a securities offering with the SEC.
24 July 2014securities registration● Neutral
Athlon Energy Inc. filed the final prospectus for a registered offering.
22 July 2014business combination● Neutral
Athlon Holdings and Athlon Finance filed Amendment No. 2 to the registration statement for the exchange of up to $500 million of 7 3/8% notes due 2021 for registered notes. The terms are unchanged and the expiry date is still blank, so the offer has not yet started. This is a further step in the same routine exchange offer.
27 June 2014business combination● Neutral
Athlon Holdings and Athlon Finance filed Amendment No. 1 to their registration statement for swapping up to $500 million of the 7 3/8% notes due 2021 for identical registered notes. The terms are the same, Athlon gets no proceeds, and the exchange offer's expiry date is still blank, so it is not yet effective. It continues the exchange offer first filed in April and adds no new debt.
17 June 2014securities registration● Neutral
Athlon Energy Inc. registered a securities offering with the SEC.
5 June 2014asset acquisition disposition▲ GoodMajor
Athlon closed two of the three April acquisitions: Hibernia on June 2 for about $383.7 million cash and Piedra on June 3 for about $291.4 million cash, both subject to adjustments. The filing says they were paid for with part of the proceeds of the May 2014 $650 million notes and the April 2014 stock offering of 14,806,250 shares at $40. The third acquisition (about $198 million in the April announcement) is not mentioned in this filing.
12 May 2014quarterly activities report● Neutral
Athlon Energy Inc. reported a quarterly net income of $18.8 million for the period ended 2014-03-31.
7 May 2014quarterly activities report● Neutral
Athlon Energy Inc. reported a quarterly net income of $18.8 million for the period ended 2014-03-31.
2 May 2014debt financing● NeutralMajor
On May 1, 2014, Athlon's subsidiaries closed the $650 million of 6.000% Senior Notes due May 1, 2022 that were priced in April, with Athlon Energy as guarantor and Wells Fargo as trustee. Interest is paid twice a year starting Nov 1, 2014. This completes the debt half of the April financing and adds to the company's debt.
28 Apr 2014substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial Athlon Energy Inc. shareholding (6.30% of votes).
25 Apr 2014business combination● Neutral
Athlon Holdings LP and Athlon Finance Corp. filed a registration statement offering to swap up to $500 million of their existing unregistered 7 3/8% Senior Notes due 2021 for identical registered notes, with Athlon Energy as guarantor. It fulfils a registration rights obligation from the April 2013 note sale; the terms are identical and Athlon receives no proceeds, so it adds no new debt.
21 Apr 2014material agreement● NeutralMajor
On April 16, 2014, Athlon agreed to sell 12,875,000 new shares at $40.00 each (plus a 30-day option for 1,931,250 more), closing expected April 23. Its subsidiaries also agreed to sell $650 million of 6.000% Senior Notes due 2022 in a private placement, closing expected May 1, with Athlon as guarantor. The press release for the April 8 acquisitions said they would be funded by such equity and debt raises, so this appears to be that financing (inference); it means new shares and more debt for existing holders.
18 Apr 2014securities registration● Neutral
Athlon Energy Inc. filed the final prospectus for a registered offering.
16 Apr 2014securities registration● Neutral
Athlon Energy Inc. registered additional securities for an offering already underway.
15 Apr 2014quarterly activities report● Neutral
Athlon Energy Inc. reported a quarterly net income of $18.8 million for the period ended 2014-03-31.
15 Apr 2014securities registration● Neutral
Athlon Energy Inc. amended a filing by which it registered a securities offering with the SEC.
15 Apr 2014substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial Athlon Energy Inc. shareholding (4.30% of votes).
9 Apr 2014securities registration● Neutral
Athlon Energy Inc. registered a securities offering with the SEC.
9 Apr 2014material agreement▲ GoodMajor
On April 8, 2014, Athlon agreed to buy producing properties and undeveloped acreage in the northern Midland Basin from five unrelated sellers for an aggregate $873 million in cash, in three deals (about $377 million with Hibernia Holdings, about $291 million with Piedra Energy II, about $198 million with a group of sellers). Closing is expected by or before June 2014, with no assurance. The press release says it plans to fund them with revolver borrowings plus equity and debt capital markets transactions, and expects the revolver to rise from $525 million to $1 billion; the properties have about 23,500 net acres and 4,800 BOE/d current net production.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. VP - CFO William B D Butler received 10,875 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. PRESIDENT AND CEO Robert C Reeves received 35,625 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. VP - BUS DEV AND ENGINEERING Jennifer L Palko received 9,938 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. SVP - BUS DEVELOPMENT AND LAND Nelson K Treadway received 11,250 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. VP - CONTROLLER John C Souders received 5,000 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. VP-ENGINEERING AND OPERATIONS Bud W Holmes received 10,313 shares as part of the equity award.
25 Feb 2014director interest notice● Neutral
Athlon Energy Inc. VP - DRILLING AND GEOSCIENCES David B Mcclelland received 10,313 shares as part of the equity award.
13 Feb 2014director interest notice● Neutral
Athlon Energy Inc. 10%+ owner Apollo Management Holdings Gp, LLC sold 16,100,000 shares at $30.72.
11 Feb 2014substantial holder notice● Neutral
Apollo Athlon Holdings, L.P, Apollo Management VII, L.P, AIF VII Management, LLC, Apollo Management, L.P, Apollo Management GP, LLC, Apollo Management Holdings, L.P, Apollo Management Holdings GP, LLC disclosed a new substantial Athlon Energy Inc. shareholding (65.60% of votes).
11 Feb 2014material agreement● NeutralMajor
On February 6, 2014, Apollo-affiliated selling stockholders agreed to sell 14,000,000 Athlon shares at $32.00 each in a public offering, with an option for 2,100,000 more; closing was expected February 12, 2014. Athlon receives no proceeds, so this does not add cash or new shares, but it continues Apollo's selling down after the August 2013 sale noted earlier.