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Latham & Watkins Represents the Selling Stockholder in Offering of Civitas Resources, Inc. Common Stock
May 22, 2024
Firm advises on the US$509 million secondary offering.
Civitas Resources, Inc. (Civitas) (NYSE: CIVI) announced the pricing of an underwritten public offering of an aggregate 6,956,520 shares of its common stock (Common Stock) by an affiliate of Canada Pension Plan Investment Board (the Selling Stockholder) at a price to the public of US$73.80 per share. Civitas will not sell any shares of Common Stock in the offering and will not receive any proceeds therefrom.
Latham & Watkins LLP represented the Selling Stockholder in the offering with a Texas-based team led by partner Thomas Brandt, with associates Michael Pascual, Celia Mishra, and Carol Bale. Advice was also provided on other corporate matters by Austin partner David Miller and on tax matters by Houston partner Jim Cole.