Simpson Thacher Represents JPMorgan in Acquisition Financing in Connection with Exco Resources, Inc.’s $1 Billion of Acquisitions of Assets from Chesapeake Energy Corporation

Wednesday, July 10, 2013

Simpson Thacher represented JPMorgan, as lead arranger, in connection with it arranging a financing commitment for a new senior secured revolving credit facility with an initial $1.6 billion borrowing base and a $400 million bridge loan tranche for Exco Resources, Inc. (“Exco”).  Proceeds from the loans on closing will be used to refinance Exco’s existing senior secured bank credit facility and finance its acquisition of producing and undeveloped oil and gas assets in the Eagle Ford shale formation from subsidiaries of Chesapeake Energy Corporation.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Stephenson Harwood Hires Asset Finance Partner

Wednesday, July 10, 2013

International law firm Stephenson Harwood LLP has appointed Lisa Marks as an asset finance partner in London. Lisa joins from Berwin Leighton Paisner, where she has been a partner in the finance practice for eight years. Prior to this, Lisa was a partner in the finance team at Denton Wilde Sapte.

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Tags:  Stephenson Harwood

White & Case Advises Lenders on the Phase II Expansion of US$10.2 Billion EMAL Project

Wednesday, July 10, 2013

Global law firm White & Case LLP has advised the lenders on the Phase II expansion of the landmark US$10.2 billion Emirates Aluminium (EMAL) smelter project in Abu Dhabi. Upon completion of Phase II, the project will be one of the largest single site aluminium smelters in the world, and will include the worlds’ largest single potline at 1.7 km and annual production capacity of approximately 1.3 million tonnes.

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Tags:  White & Case LLP