Capital: Blackstone’s IPO-hopeful Vine Oil raising $530m debt


[Context: On October 10, Blackstone-backed Vine Oil & Gas announced a $530m private offering of senior unsecured notes due 2023. In April, the company filed an S-1 with a $500m placeholder to go public as Vine Resources. In May, Moody’s upgraded the company’s outlook to stable from negative as a result of improved liquidity from a superpriority loan. However it downgraded a Term Loan B as a result of its new capital structure. Further details and related links are below.]

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