The deal is sourced from Goodrich Petroleum's own 8-K press release exhibit, filed November 22, 2021, announcing the signed merger agreement and tender offer structure.
Tudor, Pickering, Holt & Co., Perella Weinberg Partners' energy-focused affiliate, served as financial advisor to Goodrich, the target, per the release: "Tudor, Pickering, Holt & Co. is serving as financial advisor to Goodrich and Vinson & Elkins L.L.P. is serving as Goodrich's legal advisor." On the acquirer side, Greenhill & Co. served as financial advisor to Paloma.
Vinson & Elkins L.L.P. served as legal advisor to Goodrich, and Hunton Andrews Kurth LLP served as legal advisor to Paloma.
The $480 million aggregate transaction value, inclusive of assumed first lien debt, and the $23.00 per fully diluted share cash price are both explicitly stated in the release headline. The transaction was not subject to a financing condition, as Paloma had secured equity financing commitments from EnCap, and was expected to close in December 2021.
Not disclosed in the reviewed excerpt: the specific amount of first lien debt being assumed as part of the enterprise value calculation, the number of fully diluted shares outstanding used to derive the aggregate figure, and whether the tender offer achieved the minimum tender condition on its original timeline.