From American Energy Permian Basin on Wednesday:



 OKLAHOMA CITY, OCTOBER 29, 2014: American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), announced today that its affiliate, American Energy Permian Holdings, LLC, intends to offer $800 million of exchangeable junior subordinated notes due 2022 (Notes) in an unregistered offering to institutional investors.



The net proceeds from the offering of the Notes will be contributed to AEPB and used by it to fund pending acquisitions, accelerate development drilling, pay related fees, repay all outstanding borrowings under its revolving credit facility and for general corporate purposes.