Moody's places Clayton Williams under review for upgrade following acquisition announcement
Approximately $500 million of rated debt affected. New York, January 17, 2017-- Moody's Investors Service placed the ratings of Clayton Williams Energy, Inc. under review for upgrade following the announcement of a definitive agreement to be acquired by Noble Energy, Inc. in a transaction valued at $3.2 billion, including the assumption of Clayton Williams' approximately $500 million of net debt. The review for upgrade is based on the potential benefit of Clayton Williams being...
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