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