ESA's focus on the upstream oil and gas sector allows us to offer experienced advice to clients requiring capital for property acquisitions, asset development, M&A and joint venture transactions. As a financial advisor and private placement agent, ESA manages the entire capital raising process from origination to close. Private placement services include:
- Analyzing and documenting the full-range of asset value and risk.
- Assessing the client's capital needs at closing and maximum capital exposure post-closing.
- Designing the lowest-cost and most flexible capital structure considering both debt and equity instruments.
- Identifying the most appropriate institutions and financial partners given the asset's risk profile and the client's needs and objectives.
- Analyzing term sheet proposals to assess all-in capital cost and to evaluate covenants and coverage ratio tests.
- Creating a competitive environment by soliciting multiple financing proposals and negotiating with a variety of potential investors.
- Negotiating financing terms to optimize flexibility and capital availability.
ESA's private placement transactions range from $20 million to $150+ million. ESA has extensive transaction experience with the following investments/structures:
- Senior and Subordinated Debt
- Mezzanine Debt
- Common/Preferred Equity and Warrants
- Volumetric Production Payments
- Net Profits Interests
- Development Partnerships
- Joint Ventures
ESA Private Placement Process
ESA is uniquely able to provide small- and mid-cap energy companies with experienced, unbiased private placement advice. Our team of petroleum engineers and finance professionals has extensive engineering, commercial banking, mezzanine lending and private equity investment experience that enables us to quickly and accurately evaluate asset value and risk and to help structure and negotiate the most optimum capital structure for clients.
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