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Paul Hastings Represents Banks in Financing Templar Energy’s Purchase of Granite Wash Assets from Newfield Exploration Co.

September 22, 2014

New York, NY- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets, Inc., Barclays, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc. and Natixis, New York Branch as lead arrangers and Citibank, N.A. as administrative agent in connection with a $550 million incremental add-on to Templar Energy LLC’s second lien credit facility.  The proceeds were used primarily for the purchase of Granite Wash assets from Newfield Exploration Co.

Templar Energy is an exploration and production company focused on investing primarily in the mature, liquids-rich producing basins in the Mid-Continent Region. Granite Wash assets consist of 42,000 net acres with current net production of 65 M cfd of natural gas equivalent, 60% of which is gas.

Leveraged Finance partners Michael Michetti and Joel Simon led the Paul Hastings team, which also included associates Heidi Spalholz Mitch Zuckerman and Kareem Roe.

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.; representing the lenders in the $1.3 billion financing of Apollo Global Management’s acquisition of CEC Entertainment, Inc.; advising the lenders in the $1.6 billion financing for Media General Inc.’s acquisition of Lin Media LLC; and representing 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.