Kirkland Advises Amplify Energy on Combination with Juniper Capital’s Upstream Rocky Mountain Portfolio Companies
Kirkland & Ellis advised Amplify Energy Corp. (NYSE: AMPY) on its definitive merger agreement with privately held Juniper Capital to combine with certain Juniper portfolio companies which own oil-weighted producing assets and leasehold interests in the DJ and Powder River Basins. Under the terms of the merger agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock, par value $0.01 per share, and assume approximately $133 million in net debt. Pro forma for the transaction, Amplify shareholders will retain approximately 61% of Amplify’s outstanding equity and approximately 39% will be owned by Juniper. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including obtaining the requisite shareholder approvals and other required consents.
The Kirkland team included corporate lawyers Doug Bacon, Kim Hicks, Jack Shirley, Josue Medina, Lucy Li and Miles Matey; real asset transactions lawyers Lindsey Jaquillard, Alex Lippert, Clayton Hart and Shelby Velasquez; capital markets lawyers Matt Pacey, Ben Sharp, Analynn Gabler and Will Whitlock; tax lawyers David Wheat, Bill Dong and Eli Kukharuk; executive compensation lawyers Michael Krasnovsky, Karsten Busby and Grace Zagorskis; employee benefits lawyers Jack Bernstein and Mackenzie Packard; employment & labor lawyers Christie Alcala and George Cartveli; debt finance lawyers Will Bos, Daniel Kirksey, Alex Moosariparambil and Darby Branch; environmental transactions lawyers Jonathan Kidwell and Thomas Boynton; antitrust & competition lawyers Ian John, Michael Thorpe, Todd Garcia and Savannah Malnar-Cole; and derivatives lawyer Brett Ackerman.
