Amplify energy announces transformational combination with juniper capital's upstream rocky mountain portfolio companies

Houston, jan. 15, 2025 (globe newswire) -- amplify energy corp. (nyse: ampy) (“amplify,” the “company,” “us,” or “our”) announced today that it has entered into a definitive merger agreement (the “merger agreement” and the transactions contemplated thereby, the “transaction”) with privately held juniper capital (“juniper”) to combine with certain juniper portfolio companies which own substantial oil-weighted producing assets and significant 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( 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.
AMPY Ratings Summary
AMPY Quant Ranking