ORLANDO, FL–(Marketwired – January 17, 2018) – Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I (the “Funds”) announced their participation in the issuance of $100 million of Senior Secured Second Lien Notes (“Notes”) and $150 million of Series B Redeemable Preferred Stock (“Series B Stock”) issued by Rosehill Resources Inc. (“Rosehill”). Rosehill may issue up to an additional $50 million of its Series B Stock, at its election. The transaction was negotiated and structured by EIG on behalf of its managed investment vehicles and the Funds.
The Notes have an interest rate of 10% per annum to be paid quarterly in cash and were issued at 97% of par. The Series B Stock has a dividend rate of 10% per annum to be paid quarterly in cash, with the option for Rosehill to pay the dividend in kind up to 40% of the first four quarterly dividends.
Rosehill is an oil and gas exploration company with producing assets in Texas and New Mexico with its investment activity focused on the Delaware Basin portion of the Permian Basin. This investment funded Rosehill’s acquisition of 4,565 net acres and certain producing oil and gas properties in the Southern Delaware Basin which nearly doubles Rosehill’s total net acreage to 9,200 net acres. The proceeds may also be used by Rosehill to fund certain additional property acquisitions and capital development opportunities.
About Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I
Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I are unlisted investment companies that invest primarily in global portfolios of privately originated energy company and project debt. Their investment objectives are to provide shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation. The Funds are managed by Triloma Energy Advisors and EIG Credit Management Company, wholly owned subsidiaries of Triloma Financial Group and EIG Global Energy Partners, respectively. For additional information, please visit trilomaenergy.com.
Triloma Financial Group (Triloma) is a relationship-focused investment management firm doing business to change lives. Through our partnership approach and independent model, our seasoned team is able to better anticipate client needs to help them meet their goals. We manage and sponsor a group of private and publicly offered investment programs focused on private equity, real estate and energy investments. For additional information, please visit triloma.com.
Triloma Financial Group is the parent company to Triloma Securities, a FINRA-registered broker-dealer, and Triloma Energy Advisors, an SEC-registered investment adviser, (collectively referred to herein as “Triloma”). Triloma Energy Advisors serves as the investment adviser to the Triloma EIG Energy Income Funds.
Securities offered through Triloma Securities, member FINRA/SIPC.
Triloma, EIG Global Energy Partners, and Rosehill Resources, Inc. are not affiliated.
About EIG Global Energy Partners
EIG Global Energy Partners (EIG) is a leading institutional investor to the global energy sector with $17.0 billion under management as of September 30, 2017. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 35-year history, EIG has invested over $24.0 billion in the sector in more than 320 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit eigpartners.com.