Case Study

Contango Oil & Gas

ECS-tombstone-equity-contango-USE
Quick Execution

Contango received the new capital for each transaction approximately two weeks after ECS was engaged.


Strong Demand

Each transaction was substantially over-subscribed.


Attractive Terms

Conversion Premium – The conversion price on the each Preferred class was approximately a 20% premium to the 20-day average closing price.

Structure – Contango has right to require conversion of the Preferred based upon certain times and conditions.

Dividend – 6.00% cash or 7.50% payment-in-kind.

 

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