Deals this week: Clayton Williams Energy, Adani Transmission, and Akuo Energy

28 July 2016 (Last Updated July 28th, 2016 18:30)

Clayton Williams Energy has agreed to issue 5,051,100 shares of common stock to funds priced at $29.7 a share.

Clayton Williams Energy has agreed to issue 5,051,100 shares of common stock to funds priced at $29.7 a share. 

Managed by Ares Management, this move aims to raise $150m.

The offering is expected to close during Q3, 2016, and the proceeds are intended to be used both for development drilling in Clayton Williams Energy's property in the core of the southern Delaware Basin and for reduction of debts related to its 2019 senior notes.

Adani Transmission has announced its intention to raise Rs5bn ($74.35m) through private placement of 9.1% senior secured notes due 2021, for subscription by investors outside India and the US.

Credit Suisse (Singapore Branch) is acting as the financial advisor and the notes will be listed on the Singapore Exchange Securities Trading (SGX).

Akuo Energy has announced it has raised €44m ($48.3m) through a private placement of green bonds, subscribed to by Zencap Assest Management (OFI Group), Mirova, and other investors.

The proceeds will be used to finance the company’s renewable power plants, extend the maturity of its corporate debt, and for further investment in new plants.