Rosehill Resources Inc. (NasdaqCM:ROSE) announced a private placement of senior secured second lien notes for gross proceeds of $100 million and series B redeemable preferred stock for gross proceeds of $150 million, for total gross proceeds of $250 million on January 17, 2018. The transaction included participation from Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund - Term I, a fund managed by EIG Global Energy Partners. The notes have an interest rate of 10% per annum to be paid quarterly in cash and were issued at 97% of par. The series B preferred stock has a dividend rate of 10% per annum to be paid quarterly in cash, with the option for the company to pay the dividend in kind up to 40% of the first four quarterly dividends. The company may issue an additional $50 million of its Series B Stock, at its election. The transaction was negotiated and structured by EIG on behalf of its managed investment vehicles and the funds.