Bracewell & Giuliani LLP is representing Citibank, as administrative agent and arranger, in $2.45 billion of debt financing for an $11 billion deal that would create one of the largest master limited partnerships (MLP) in the United States.
The midstream joint venture MLP will include Houston-based CenterPoint Energy Inc., ArcLight Capital Partners and Oklahoma City-based OGE Energy Corp. The deal is expected to close during the second or third quarter of 2013, with an IPO of the MLP’s units to follow.
Bracewell attorneys working on the transaction include:
Partners: Kate H. Day, Kristin E. Gibbs, Kevin A. Ewing, Daniel E. Hemli, Bruce R. Jocz, and Lance W. Behnke
Associates: Mary M. O’Black, Michael De Voe Piazza, Scott M. Muehlberger, Rachael Novier Marsh, Grant B. MacIntyre, and Alexander W. Jones
