Amplify Energy Inks Definitive Merger Agreement With Juniper Capital: Amplify Will Issue Juniper Approximately 26.7M Shares Of Amplify Common Stock, Par Value $0.01 Per Share, And Assume Approximately $133M In Net Debt

Author: Benzinga Newsdesk | January 15, 2025 07:05am

Under the terms of the Merger Agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock(1), par value $0.01 per share, and assume approximately $133 million in net debt(2). 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 and regulatory approvals.

Posted In: AMPY