Owners of Enduring Resources IV Explore 4 Billion Sale

✦ Meridian Analysis

The owners of Enduring Resources IV, a US shale producer, are exploring a sale valued at approximately $4 billion, according to sources. The transaction is still at the rumour stage; no mandate, signed term sheet, or regulatory filing has been disclosed. The sellers are the current equity holders of the asset, while the identity of any potential buyer remains undisclosed. The $8 billion exploration of a sale of Shell and ExxonMobil’s UK chemicals unit Infineum was reported earlier this month. Deal professionals will be looking for details that have not yet been released, including the final valuation multiple, the composition of any financing package, the advisers engaged by the sellers, and the timeline for regulatory clearances. Confirmation of a buyer and the structure of any debt refinancing would also be material to assess the transaction’s impact on the sector’s capital markets.

The Meridian Weekly