Paul Hastings Advises Goldman Sachs on Financing for ONEOK’s $18.8 Billion Acquisition of Magellan Midstream Partners

May 15, 2023

Paul Hastings LLP is advising Goldman Sachs on its $5.25 billion of committed bridge financing in connection with leading midstream energy infrastructure company ONEOK’s (NYSE: OKE) $18.8 billion acquisition of Magellan Midstream Partners (NYSE: MMP), a publicly traded partnership that transports, stores, and distributes refined petroleum products and crude oil. The completion of the transaction will create a combined company with a total enterprise value of approximately $60 billion.

Global Finance partner Morgan Bale is leading the Paul Hastings team, which also includes Global M&A co-chair Eduardo Gallardo and Corporate partners Jonathan Ko and Kris Villarreal, with support from associates Stephen Rettger, Vinnie Buehler, and Madeleine Shiff.

More details on the transaction can be found here.

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