Porter Hedges Represents Johnson Rice and ScotiaBank/Howard Weil (as the representatives of the underwriters) in $122 Million Public Offering by Callon Petroleum Company

Porter Hedges represented Johnson Rice & Company L.L.C. and ScotiaBank/Howard Weil, as the representatives of the underwriters, in a public offering by Callon Petroleum Company (“Callon”). Total net proceeds to Callon were $122 million.

Callon intends to use the net proceeds from this offering, together with borrowings under a planned new secured second lien term loan, to fund its previously announced $212 million acquisition of oil and gas properties in the Permian Basin.

The Porter Hedges team included Rob Reedy, Kevin Poli, Adam Nalley, Mac Marshall, Maria Hadjialexiou, Denny Ng and Allison Wilbanks.

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