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New Deal


Announced

Completed

Bonanza Creek Energy completed the merger with HighPoint Resources in a $376m deal.

Financials

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Transaction Value£285m
Consideration TypeOrdinary Shares, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales0.8x
EV/EBITDA1.25x
Share Price Premium-
One Off Charge-

Synopsis

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Bonanza Creek Energy, an independent energy exploration and production company, completed the merger with HighPoint Resources, an energy company based in Denver, in a $376m deal. "Today is an exciting day for Bonanza Creek. We sincerely appreciate the tireless efforts of the Bonanza Creek and HighPoint teams in getting this transaction closed. The combination creates a company of scale in the rural DJ Basin, and a business capable of delivering significant and sustainable levered free cash flow," Eric Greager, Bonanza Creek President and CEO.

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