Paul Hastings Advises BofA Merrill Lynch, Morgan Stanley and Jefferies in Financing for TPC Groups Acquisition by First Reserve and SK Capital Partners

December 20, 2012

New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented BofA Merrill Lynch, Jefferies and Morgan Stanley as joint book-running managers and lead arrangers in connection with the financing of petrochemical provider TPC Group Inc.s (Nasdaq:TPCG) $850 million acquisition by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.

The financing consisted of a $250.0 million senior secured asset-based revolving facility and $655.0 million in senior secured notes. Bank of America also served as the administrative agent and collateral agent for the revolving facility. In connection with the financing, the firm also represented BofA Merrill Lynch as the dealer manager for the tender offer for TPC Group LLCs existing secured notes. Deutsche Bank Securities Inc. and Goldman, Sachs & Co. also acted as initial purchasers and agents in connection with the financing.

The Paul Hastings team was led by Leveraged Finance partners Michael Michetti, Michael Baker, Jeffrey Pellegrino, of counsel Sanjay Thapar and associates Edward Holmes, Valerie Silverman and Felicia Yen.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.