New York, NY -
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch and Barclays Bank PLC as joint lead arrangers and bookrunners in connection with the financing of the strategic combination of Southcross Energy LLC and TexStar Midstream Services, LP, an oil and gas business in South Texas. The resulting Eagle Ford-focused midstream combination includes four processing plants, three fractionation facilities and approximately 3,700 miles of pipeline. The financing consisted of a $575 million term loan facility and a $50 million revolving facility.
Leveraged Finance partner Michael Michetti
led the Paul Hastings team, which also included partner Joel Simon
, of counsel Jacob Minas
and associates Heidi Spalholz
and Mitchell Zuckerman
In Thomson Reuters’ First Half 2014 League Table
the firm ranked second in “U.S. Lender Law Firm Bookrunner M&A.” Paul Hastings advised on numerous significant finance transactions in the first half of 2014 including representing the lenders in the $1.65 billion financing for the acquisition
of a majority stake in Royal DSM NV’s pharmaceuticals business by JLL Partners (“JLL”) through Patheon Inc.; the lenders in the $1.3 billion financing
of Apollo Global Management’s acquisition of CEC Entertainment, Inc.; the lenders in the $1.6 billion financing
for Media General Inc.’s acquisition of Lin Media LLC; and the lenders in the $1.1 billion financing for Accellent Inc.’s acquisition
of Lake Region Medical Inc.
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.