Paul Hastings Advises on the Financing of Templar Energys Acquisition of Forest Oil Corporation and Forest Oil Permian Corporation
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that it represented Bank of America, N.A. as administrative agent, lead arranger and bookrunner in connection with a $300 million reserve-based revolving credit facility and Citibank, N.A. as administrative agent, lead arranger and bookrunner in connection with a $700 million term loan credit facility, and Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., Natixis, New York Branch, as joint lead arrangers and joint bookrunners in connection with such credit facilities. The proceeds were used to partially finance Templar Energy’s acquisition of certain oil and gas assets sold by Forest Oil Corporation and Forest Oil Permian Corporation.
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