Paul Hastings Advises Banks in the Financing of the Southcross and TexStar Strategic Combination
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.
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.