Mayer Brown represents Halcón Resources Corporation on $400 million high yield tap offering

Mayer Brown, a leading global law firm, represented Halcón Resources Corporation, an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States, in connection with the offering and issuance of $400 million in aggregate principal amount of its 9.75% senior unsecured notes due 2020. Barclays Capital Inc. and Wells Fargo Securities, LLC acted as the initial purchasers in the offering. The high yield notes will be treated as a single class of debt securities with the $750 million in aggregate principal amount of 9.75% senior unsecured notes due 2020, which the company issued in July 2012. The high yield bond offering is the fourth capital markets transaction on which lawyers of the firm have advised Halcón Resources Corporation in 2013, involving aggregate proceeds of more than $1 billion.

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Pinsent Masons advises Prosiect Gwyrdd on £1.1 billion residual waste project

International law firm Pinsent Masons has advised Prosiect Gwyrdd, a consortium of five local authorities in South Wales, on a £1.1 billion residual waste project – the first to be procured under the Welsh Government’s residual waste revenue support programme. Projects Senior Associate, Didar Dhillon, led a team advising the five procuring local authorities – Caerphilly, Cardiff, Monmouthshire, Newport and Vale of Glamorgan – on the 25 year deal. The deal is thought to be the largest PPP project to close in Wales to date. The project is expected to save the local authorities £11 million in the first year of operation and £500 million over its lifetime.

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