FORT WORTH, Texas, July 22, 2014 /PRNewswire/ — Energy & Exploration Partners, Inc. (“ENXP”) announced today the closing of its previously announced acquisition of 18,300 net acres in Houston and Madison Counties, Texas from TreadStone Energy Partners, LLC (“TreadStone”) and the concurrent closings of its previously announced offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction (the “notes offering”) and a new $775 million senior secured term loan (the “senior secured term loan”).

ENXP used the net proceeds from the notes offering and borrowings under the senior secured term loan to (i) pay the purchase price for the acquisition and (ii) to refinance and replace the company’s outstanding unsecured notes and (iii) to fund a portion of future development and capital program.

ENXP is an independent exploration and production company based in Fort Worth, TX, focused on the acquisition, exploration and development of unconventional oil and gas resources.

The notes sold in the notes offering were sold in a private placement solely to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The notes and the shares of common stock into which the notes will convert have not been registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States without registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

Contact:
Energy & Exploration Partners, Inc.
Brian C. Nelson
Executive Vice President and Chief Financial Officer
(817) 484-4733

Logo – http://photos.prnewswire.com/prnh/20121025/LA00256LOGO

SOURCE Energy & Exploration Partners, Inc.