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CM - Moss Creek Resources places $500MM in notes privately - May 2019

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Moss Creek Resources Holdings, Inc. placed $500 million aggregate principal amount of 10.5% senior unsecured notes due 2027 privately with qualified institutional buyers in an April 26 sale under guidelines of Securities & Exchange Commission Rule 144A and Regulation S. The notes will initially be guaranteed by each of the company's two subsidiaries, Moss Creek Resources, LLC and Surge Operating, LLC. Dallasbased MCRH, which is currently drilling in the Permian Basin, is a wholly owned subsidiary of China’s Surge......
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