Alta Mesa Investment Holdings Completes $350 Million Recapitalization With Counseling from Haynes and Boone Energy Lawyers

04/01/2014


HOUSTON – Haynes and Boone, LLP advised the Alta Mesa Holdings, LP parent company, Alta Mesa Investment Holdings, Inc., in a recent $350 million recapitalization with an investment from Highbridge Principal Strategies, LLC. Proceeds were used to purchase a global private equity firm’s investment in Alta Mesa Investment Holdings, Inc., and for general corporate purposes.

Houston Partner Bill Nelson and Dallas Partner Vicki Martin-Odette led the firm’s deal team. Other members included Houston Partners Buddy Clark and Joe Vilardo, New York Partner Sam Lichtman, Houston Associate Kraig Grahmann, Dallas Associate Kindal Kreamer, and Dallas Associate Kristin Santamaria.

Under terms of the deal, Alta Mesa Investment Holdings, Inc. will issue convertible preferred stock and senior notes to Highbridge, and Highbridge will nominate one member to Alta Mesa Investment Holding's expanded board of directors.

Highbridge Principal Strategies, together with Highbridge Capital Management, is a global credit and private investment firm with about $29 billion in assets under management.

Citigroup and LCT Capital LLC acted as financial advisers to Alta Mesa Holdings, LP for this transaction.

About Alta Mesa Holdings, LP
Alta Mesa Holdings is a privately held company engaged in onshore oil and natural gas acquisition, exploitation, exploration and production whose focus is to maximize the profitability of its assets in a safe and environmentally sound manner. It seeks to maintain a portfolio of lower risk properties in plays where it identifies a large inventory of drilling, development, and enhanced recovery and exploitation opportunities in known resources.

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