With Close of Fourth PDP Wellbore Securitization, Raisa Energy’s Total PDP Wellbore Securitizations Now Exceed $1 Billion
- Raisa’s fourth securitization achieved the highest investment grade rating assigned to a PDP oil & gas securitization by Fitch Ratings.
- Raisa has accomplished the first dropdown into its Master Trust Securitization Program.
- Raisa’s total wellbore securitizations approximately represent 13,000 wellbores, operated by 100 operators, located in 60 counties in 10 states.
DENVER–(BUSINESS WIRE)–Raisa Energy LLC (“Raisa” or “the company”) today announced that it has successfully closed its fourth securitization of proved-developed-producing (“PDP”) wellbores. Raisa has now surpassed a cumulative total of $1 billion of gross proceeds since it opened the Oil and Gas Securitization market in 2019. Overall, the company has securitized ~13,000 wellbores under ~100 operators, located in ~60 counties across ten states.
With this transaction, Raisa has accomplished another industry milestone by executing the first dropdown into its Oil and Gas Master Trust Securitization Program, established in 2022. Raisa’s fourth securitization of PDP wellbores has also achieved the highest investment grade rating assigned to a PDP oil and gas securitization by Fitch Ratings.
“Executing our fourth securitization is a testament to the strength of our broadly diversified asset base and the efficiency of programmatic issuances,” said Raisa Energy Executive Vice President of Accounting Jeff Brimhall. “We appreciate the commitment of our team and our partners to carefully manage the program and successfully bring another asset-backed note offering to market.”
Cantor Fitzgerald & Co. served as Co-Structuring Advisor and Joint Lead Placement Agent, Guggenheim Securities, LLC served as Co-Structuring Advisor and Joint Lead Placement Agent, and Truist Securities, Inc. served as Co-Placement Agent.
About Raisa Energy
Raisa Energy is an international fintech company that uses proprietary technologies to invest in real assets in the United States. Raisa has built a diversified portfolio of oil and gas mineral and non-operated working interests, with over $2.5 billion of assets under management. For more information, please visit www.raisaenergy.com.
Contacts
Bevo Beaven
Redbird Communications
Email: bevo@redbirdpr.com
Phone: (720) 666-5064
