[Context: On January 29, Trilantic North America-backed Indigo Natural Resources, fka Indigo Mineral, announced that it had filed confidentially an S-1 with the SEC to pursue a possible IPO. The Haynesville shale-focused company also announced placement of a $650m private notes offering through a Rule 144a offering. Further details and related links are below.]
Indigo Natural Resources LLC Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
January 29, 2018 – Indigo Natural Resources LLC announced today that it has previously confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to its proposed initial public offering. The size and price range for the proposed offering has not yet been determined. The offering is expected to commence when market conditions allow, subject to, among other things, completion of the SEC review process. There is no assurance that the initial public offering will be consummated.
The company also announced the commencement of a private offering of $650 million in aggregate principal amount of senior unsecured notes due 2026 to eligible purchasers (the “Notes Offering”), subject to market conditions and other factors.
The securities to be offered in the Notes Offering have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Indigo plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.