Porter Hedges represented PetroQuest Energy, Inc. (“PetroQuest Energy”) in a private exchange offer of $214.4 million in aggregate principal amount of its outstanding 10% Senior Notes due 2017 for $53.6 million of cash, $144.7 aggregate principal amount of its newly issued 10% Second Lien Senior Secured Notes and 4.3 million shares of its common stock. PetroQuest Energy also closed a related consent solicitation to adopt certain amendments and waivers to the indenture governing the 10% Senior Notes due 2017.
PetroQuest Energy is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in Texas, Oklahoma, Louisiana and the shallow waters of the Gulf of Mexico.
For additional information, please see the PetroQuest Energy press release here.
The Porter Hedges team included James Cowen, Nick Nicholas, Rob Reedy, Anders Gibson, Adam Nalley, Joe Morrel, Lauren Hunt, Jim Reardon, and Kevin Poli.