Kirkland & Ellis advised Amplify Energy Corp. (NYSE: AMPY) on its definitive merger agreement with privately held Juniper Capital to combine with certain Juniper portfolio companies which own oil-weighted producing assets and leasehold interests in the DJ and Powder River Basins.
Under the terms of the merger agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock, par value $0.01 per share, and assume approximately $133 million in net debt. Pro forma for the transaction, Amplify shareholders will retain approximately 61% of Amplify’s outstanding equity and approximately 39% will be owned by Juniper. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including obtaining the requisite shareholder approvals and other required consents.
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