ENXP Term Loan

Credit, Energy


Highlights

The presenter thinks Energy & Exploration Partners’ (ENXP) first lien term loan (January 28, 2019 Senior Secured, 6.25) represents an attractive, win/ win investment at current levels (mid-70s). The private company raised $1.1 billion in the summer of 2014 when it purchased just over 18,000 acres from TreadStone Energy, and recently had to put its IPO plans on hold because of the turmoil in the energy sector owed to the rapid decline in the price of oil.

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Idea Discussion

Commentor 1 - 2 weeks ago

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