EP ENERGY ANNOUNCES COLLATERAL SALE OFFER RESULTS

9.4.2019

On March 11, 2019, EP Energy, a.s. (“EP Energy”) announced an offer to purchase up to €41,503,059 aggregate principal amount of its €498,650,000 5.875% Senior Secured Notes due 2019 (Common Codes: 078393335 (Reg S) and 080863373 (144A); ISINs: XS0783933350 (Reg S) and XS0808633738 (144A)) (the “Notes”) pursuant to an “Asset Sale Offer”.

The Asset Sale Offer was made on the terms, and subject to the conditions, of the offer to purchase dated March 11, 2019 (the “Offer to Purchase”). Capitalised terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Offer to Purchase.

The Asset Sale Offer expired at 12:00 noon New York time (5:00pm London time/6:00pm Prague time) on April 8, 2019 (the “Asset Sale Offer Deadline”). As at the Asset Sale Offer Deadline, an aggregate principal amount of Notes equal to €2,750,000 has been validly tendered and not validly withdrawn.

The results of the Asset Sale Offer are set out in the table below:

 

All Notes validly tendered and not validly withdrawn pursuant to the Asset Sale Offer have been accepted for purchase in full without proration as the aggregate principal amount of Notes tendered did not exceed the Asset Sale Amount. The expected settlement date for the Asset Sale Offer is April 11, 2019. EP Energy will also pay Accrued Interest on all Notes validly tendered and not validly withdrawn on such settlement date.

All Notes purchased by EP Energy pursuant to the Asset Sale Offer will be cancelled.

Requests for information relating to the Asset Sale Offer should be directed to:

THE DEALER MANAGER

Citigroup Global Markets Limited

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB
United Kingdom

Attention: Liability Management Group

For Information by Telephone Contact: +44 20 7986 8969

For Information by E-mail Contact: liabilitymanagement.europe@citi.com

Requests for any documents or materials relating to the Asset Sale Offer should be directed to:

THE TENDER AGENT

Citibank, N.A., London Branch

Citigroup Centre

33 Canada Square

Canary Wharf

London E14 5LB

United Kingdom

Attention: Exchange Team

For Information by Telephone Contact: +44 20 7508 3867

For Information by Facsimile Contact: +44 20 3320 2405

For Information by E-mail Contact: citiexchanges@citi.com

Cautionary Statement

This press release is for information purposes only and does not constitute a prospectus or an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Asset Sale Offer was made only by and pursuant to the terms of the Offer to Purchase and the information in this press release is qualified by reference to the Offer to Purchase. The Asset Sale Offer was not made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Forward Looking Statements

This press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words “assume,” “believe,” “could,” “estimate,” “anticipate,” “expect,” “intend,” “may,” “will,” “plan,” “continue,” “ongoing,” “potential,” “predict,” “project,” “risk,” “target,” “seek,” “should” or “would” and similar expressions or, in each case, their negative or other variations or comparable terminology or by discussions of strategies, plans, objectives, targets, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They include statements regarding EP Energy’s intentions, beliefs or current expectations concerning, among other things, EP Energy’s results of operations, financial condition, liquidity, prospects, growth and strategies, EP Energy’s reserves and the industry in which EP Energy operates. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. You should not
place undue reliance on these forward-looking statements. Although EP Energy believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results.