Paul Hastings Advises Lenders in Financing Fieldwood's Acquisition of Assets from SandRidge Energy
March 07, 2014
New York, NY-- Paul Hastings LLP, a leading global law firm, represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint lead arrangers and Citibank, N.A. as administrative agent in connection with the financing for Fieldwood Energy LLC’s acquisition of certain offshore Gulf of Mexico and onshore Gulf Coast oil and gas assets from SandRidge Energy Inc.
The financing consisted of $175 million of incremental commitments under Fieldwood Energy LLC’s existing reserve-based revolving credit facility, $200 million of incremental first lien term loans under Fieldwood Nergy LLC’s existing first lien term loan facility and $418 million of incremental second lien term loans under Fieldwood Energy LLC’s existing second lien term loan facility.
Paul Hastings’ Leverage Finance practice has also recently advised on the financing of the acquisitions of
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