Latham & Watkins Advises Sable Offshore Corp. in US$150 Million Private Offering of Common Stock

Sable Offshore Corp. (NYSE: SOC, Sable) announced that it has entered into subscription agreements to issue 7,500,000 shares of its common stock in a private placement to institutional investors. Sable expects to receive gross proceeds of approximately US$150 million, before deducting placement agent fees and other offering expenses. The private placement is expected to close subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Sable in the offering with a corporate team led by Houston partner Ryan Maierson, with associates Ben Winnett, Chelsea Carlson, Shawn Quinn, and Ryan Hudson.