Harbour Energy finalises $3.2bn acquisition of LLOG

UK-based independent oil and gas company Harbour Energy has closed the acquisition of LLOG Exploration Company (LLOG) from LLOG Holdings, with the deal valued at $3.2bn (£2.34bn). The transaction was financed through $2.7bn in cash alongside the issuance of 174,855,744 new Harbour voting ordinary shares to LLOG Holdings, collectively worth $500m. The cash component was raised through a $1bn bridge facility, a $1bn three-year term loan, and $700m from existing liquidity sources. This acquisition strengt ...