Latham & Watkins Advises on Earthstone Energy’s Private Offering

Earthstone Energy, Inc. (NYSE: ESTE), has announced that its subsidiary, Earthstone Energy Holdings, LLC, has priced its previously announced private offering of US$500 million aggregate principal amount of 9.875% senior unsecured notes due 2031 (the Notes). The Notes will be issued at a price of 97.968% of their principal amount.

Latham & Watkins LLP represents the initial purchasers in the transaction with a Texas-based team led by Austin partners David Miller and Michael Chambers and Houston partner Monica White, with associates Michael Pascual, David Socol de la Osa, and Carol Bale. Advice was also provided on tax matters by Houston partner Bryant Lee, with associate Dylan White; and on environmental matters by Houston partner Joshua Marnitz.