印度尼西亚主权财富基金丹南塔拉（Danantara）及隶属巴克里集团的上游石油天然气公司能源巨人（EMP），已联合承诺向美国石油生产商海景能源（HighPeak Energy）投入总计4.5亿美元，作为更广泛的债务重组的一部分，该重组将取代该公司现有的债务。
Indonesia’s sovereign wealth fund Danantara and upstream oil & gas company Energi Mega Persada (EMP), part of the Bakrie Group, have committed a combined $450 million to US oil producer HighPeak Energy as part of a broader refinancing that will replace the company’s existing debt.
海景能源于周二（10月6日）在向美国证券交易委员会（SEC）提交的8-K表格中披露了这笔交易。
HighPeak disclosed the transaction in a Form 8-K filed with the US Securities and Exchange Commission (SEC) on Tuesday (Oct. 6).
PT丹南塔拉能源国际（DEI），作为PT丹南塔拉投资管理公司（DIM）的下属机构，将购买价值2.5亿美元的优先股；而EMP的子公司PT图纳斯哈拉潘珀萨克（THP）则将投资2亿美元。
PT Danantara Energy International (DEI), an arm of PT Danantara Investment Management (DIM), will purchase $250 million worth of preferred shares, while PT Tunas Harapan Perkasa (THP), a subsidiary of EMP, will invest $200 million.
双方将分别认购海景能源新发行的45万股A系列6%永续可转让优先股，每股价格为1,000美元。
Each entity will to 450,000 newly issued Series A 6% Perpetual Convertible Preferred Shares, with each share priced at $1,000 apiece.
这笔优先股投资是更广泛的债务重组方案的一部分，该方案还包括来自花旗银行和第五第三银行的新授信额度达8亿美元的基于储备的信贷设施。
The preferred equity investment forms part of a broader refinancing package that includes a new $800 million reserve-based credit facility from Citibank and Fifth Third Bank.
据悉，公司可用的现金、本次投资的收益以及根据新信贷设施初始借款所获得的资金，预计将帮助海景能源全额偿还现有的11.7亿美元的定期贷款。
Available cash, the proceeds from the investment and initial borrowings under the new facility are expected to help HighPeak to fully repay its existing $1.17 billion term loan.
该交易预计将于2026年第四季度完成，前提是满足常规的完成条件。
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.
这些优先股没有到期日，并约定每季度支付累积现金股息。股息率在前两年内以现金支付时为每年6%，在第二年至第五年间上升至7.5%，自第五年起则为10%。每股可按初始转换价格9.50美元转换为海景能源的普通股。
The preferred shares have no maturity date and carry cumulative cash dividends payable quarterly. The dividend rate is 6% per year if paid in cash during the first two years, rising to 7.5% between the second and fifth years and 10% from the fifth year onward. Each share can be converted into HighPeak common stock at an initial conversion price of $9.50.
海景能源可以在完成后的第三周年纪念日起赎回这些优先股，其赎回价格将带来10%的内部收益率。此外，如果海景能源的普通股在连续40个交易日中的30天内交易价格超过转换价格的150%，公司也可以在第三周年纪念日后根据自身选择强制转换这些优先股。
HighPeak can redeem the preferred shares from the third anniversary of the closing at a price that would result in a 10% internal rate of return. The shares can also be mandatorily converted at HighPeak’s option after the third anniversary if its common stock trades above 150% of the conversion price for 30 out of 40 consecutive trading days.
DIM与EMP均有权各自提名一人进入HighPeak的董事会。相关协议还规定了优先股转让的两年限制期以及相应的静默期安排。
DIM and EMP will each have the right to nominate one individual to HighPeak’s board. The agreements also include two-year restrictions on transfers of the preferred shares and a standstill arrangement.
HighPeak是一家独立的石油天然气生产商，总部位于德克萨斯州沃思堡，专注于开发西德克萨斯州米德兰盆地内的非常规原油及天然气资源。
HighPeak is an independent oil and gas producer headquartered in Fort Worth, Texas, focused on developing unconventional crude oil and natural gas reserves in the Midland Basin in West Texas.
该公司表示，此次交易让印尼投资者得以涉足其在米德兰盆地的各项资产，包括土地、待钻探区块及相关基础设施。
The company said the transaction gives the Indonesian investors exposure to its Midland Basin assets, including its acreage, drilling inventory, and infrastructure.
此次交易使印尼投资者能够接触到HighPeak在德克萨斯州米德兰盆地的各类资产。
The transaction gives the Indonesian investors exposure to HighPeak’s Midland Basin assets in Texas.
HighPeak计划将此次交易所得资金用于优化资产负债表，并推动二叠纪盆地的开发工作，包括实施相应的钻探计划。
HighPeak plans to use the proceeds to strengthen its balance sheet and support development of its Permian Basin assets, including its drilling programme.
HighPeak总裁兼首席执行官迈克尔·霍利斯称，此次再融资还将提升公司的流动性并降低年度利息支出。他在周二发布的声明中说道：“我们预计此次交易将显著改善公司的流动性状况，大幅削减年度利息支出，并赋予我们更大的财务灵活性，从而专注于稳健开发、自由现金流创造以及持续为股东创造价值。”
HighPeak president and CEO Michael Hollis said the refinancing would also improve HighPeak’s liquidity and reduce its annual interest expense. “We expect that this transaction will improve our liquidity profile, materially reduce our annual interest expense, and provide us with greater financial flexibility to focus on disciplined development, free cash flow generation and continued shareholder value creation,” he said in a statement on Tuesday.
霍利斯补充道：“我们非常高兴迎来DIM与EMP这两位新资本投资者，他们与我们拥有相同的公司长期愿景，也认同我们既定的发展方向与优先事项。同时，我们也感谢花旗银行与第五三银行鼎力支持，协助我们安排并承销新的信贷额度。这些合作伙伴关系为我们今后从更稳健的财务基础出发实施业务战略奠定了重要基础。”
“We are particularly pleased to welcome our new capital investors, DIM and EMP, who share our long-term vision for the Company and support the direction and priorities we have established going forward. We also appreciate the support of Citibank and Fifth Third in committing to arrange and underwrite our new credit facility. These relationships provide an important foundation for future strategic collaboration as we look ahead to executing our business strategy from a stronger financial position,” Hollis added.
达努塔拉投资管理公司首席执行官潘杜·沙里尔表示，这笔投资有助于促进美印之间技术知识的交流。沙里尔表示：“我们希望这次合作能够促进支持印度尼西亚能源部门发展的知识转让，同时也加强印度尼西亚与美国之间长期以来的能源和经济关系。”
Pandu Sjahrir, CEO of Danantara Investment Management, said the investment could facilitate technical knowledge transfer between the US and Indonesia. “We hope this cooperation can facilitate knowledge transfer that supports the development of Indonesia’s energy sector, while also strengthening the longstanding energy and economic ties between Indonesia and the US,” Sjahrir said.
据美国能源信息署的数据，2025年，美国原油产量中有48%来自于垢拉斯盆地。达努塔拉表示，这笔投资可以为印度尼西亚提供来自美国上游石油天然气行业的技术专长。
The Permian Basin accounted for 48% of US crude oil production in 2025, according to the US Energy Information Administration. Danantara said the investment could provide Indonesia with access to technical expertise from the US upstream oil and gas industry.
达努塔拉在另一份声明中表示，交易完成后，海弗峰计划为印度尼西亚工人建立培训和调派计划。
Following completion of the transaction, HighPeak plans to establish training and secondment programmes for Indonesian workers, according to a separate statement from Danantara.
达努塔拉表示，DIM将在本次投资中获得下行保护，同时通过将优先股转换为普通股保留潜在的上行收益。
Danantara said DIM will receive downside protection on its investment while retaining potential upside through conversion of the preferred shares into common stock.
该交易仍需满足相关要求和收盘条件。海弗峰还表示，无法保证这笔投资、新的信贷设施或再融资将按照目前计划如期完成。
The transaction remains subject to applicable requirements and closing conditions. HighPeak also said there is no assurance that the investment, new credit facility or refinancing will be completed as currently contemplated.
温森&埃尔金斯担任海弗峰的法律顾问，米尔班克担任投资者的顾问。巴克莱担任DIM的财务顾问，辉利集团新加坡全球市场担任EMP的财务顾问。布雷斯威尔担任辉利银行的顾问。
Vinson & Elkins is acting as legal counsel to HighPeak, while Milbank is advising the investors. Barclays is financial adviser to DIM and Citigroup Global Markets Singapore is financial adviser to EMP. Bracewell is advising Citibank.