Paul Hastings Advises Banks on Financing Mountaineer Keystone Energy’s Acquisition of PDC Mountaineer Assets
New York, NY- Paul Hastings LLP, a leading global law firm, represented the banks in financing the acquisition of the equity interests and certain oil and gas properties of PDC Mountaineer, LLC by Mountaineer Keystone Energy, LLC.
Citigroup Global Markets, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint lead arrangers and bookrunners, and Citibank, N.A., acted as administrative agent, on the financing. The financing consisted of a $110 million first lien reserve-based revolving facility.
Mountaineer Keystone Energy, LLC, an Appalachian Basin oil and gas company engaged in the acquisition, exploration, development and production of oil, natural gas and natural gas liquids, is a portfolio company of First Reserve Corporation.
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