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 Forest Oil Corporation and Forest Oil Permian Corporation.
Leveraged Finance partners Michael Michetti, Randal Palach and Joel Simon led the Paul Hastings team, which also included associates Shekhar Kumar, Heidi Spalholz, Julie Park, Felicia Yen, Mitchell Zuckerman and Kareem Roe.
