“Indigo Minerals raises USD 375m in financing round led by Trilantic”
Indigo Minerals LLC (“Indigo” or the “Company”) announced today the completion of a USD 375m equity capital raise and the acquisition of certain producing properties and undeveloped acreage in the core of the Cotton Valley and Haynesville plays from a private exploration and development company. Pro forma for the acquisition, Indigo holds approximately 160,000 net acres in Northwest Louisiana and East Texas in addition to a significant portfolio of minerals and leasehold interests across 15 states. Indigo is the tenth largest private producer of natural gas in the United States with year-end SEC proved reserves of 1.27 Tcf.
The capital raise was led by Trilantic Capital Management L.P. (“Trilantic North America”), which invested USD 300m in Indigo, in partnership with the Company’s existing investors, including the Martin Companies, L.L.C. (“Martin Companies”), Yorktown Partners LLC (“Yorktown”) and Ridgemont Equity Partners (“Ridgemont”), who together invested USD 75m of additional equity in the Company.
Yorktown was advised by Thompson & Knight LLP.