Attorneys with the law firm of Thompson & Knight LLP advised Warren Resources, Inc. (“Warren”) in the execution of a purchase and sale agreement to acquire essentially all of the Marcellus assets of Citrus Energy Corporation (“Citrus”) and two additional working interest owners for $352.5 million. In order to finance the transaction, Thompson & Knight advised Warren on a $300 million private notes offering. The company used the net proceeds to fund a portion of the approximately $312.5 million cash purchase price for this acquisition, which provides Warren with a substantial new basin platform in the prolific Marcellus Shale and adds a new core area to its existing California oil and Wyoming natural gas assets.
Tags: Thompson & Knight LLPWFW advises Citibank on US$574 million facility to finance new drilling rig
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Citibank N.A, London Branch (“Citibank”) as global coordinator and sole bookrunner and the syndicate of lenders on a US$574 million ECA-backed loan facility to Stena Atlantic Limited (“Stena”). The facility is to be used to fund the purchase of a semi-submersible mid-water drilling rig.
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Barclays’ $5 Billion Financing of Kinder Morgan Acquisitions
Simpson Thatcher is representing Barclays Bank PLC in connection with $5.0 billion of committed bridge financing to Kinder Morgan, Inc. (NYSE: KMI) for its announced acquisition of (i) all of the outstanding units of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), (ii) all of the outstanding shares of Kinder Morgan Management, LLC (NYSE: KMR) and (iii) all of the outstanding units of El Paso Pipeline Partners, L.P. (NYSE: EPB), in each case not already owned by KMI. The proceeds of the bridge facility will be available to finance a portion of the cash consideration for the acquisitions, to repay certain indebtedness of Kinder Morgan, Inc. and to pay fees and expenses related thereto.
Davis Polk Advises Its Millicom on Completed $4.4 Billion Business Combination and $240 Million Acquisition in Colombia
Davis Polk advised Millicom International Cellular S.A. (Millicom) in connection with the $4.4 billion combination of its Colombian telecommunications business, conducted through its subsidiary Colombia Móvil S.A. (Colombia Móvil), with UNE EPM Telecomunicaciones S.A. (UNE), a subsidiary of Empresas Públicas de Medellín E.S.P. (EPM). The transaction was completed on August 14, 2014.
Tags: Davis Polk & Wardwell LLPKirkland & Ellis Advises Schrader International in Sale to Sensata Technologies B.V. for $1.0 Billion
Kirkland & Ellis LLP advised Schrader International in its sale of the Schrader group of companies to Sensata Technologies B.V., a wholly owned indirect subsidiary of Sensata Technologies Holding N.V. (NYSE: ST), for a total enterprise value of $1.0 billion. Schrader is a global leader in tire pressure monitoring sensors and valves, and has been owned by long-term Kirkland client, Madison Dearborn Partners, LLC. The transaction is subject to regulatory approval and other customary approvals. It is expected to close not later than the fourth quarter of 2014. The Kirkland team was led by corporate partners Richard Campbell and Jon-Micheal Wheat. Both are based in Chicago.
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Mayer Brown advises Liberbank on €792 million combined equity offering
Leading global law firm Mayer Brown has advised Spain’s Liberbank on a combined offering consisting of a €317 million accelerated share sale and a €475 million rights offering.
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Simpson Thacher Represents the Underwriters in $750 Million Debt Offering by Berkshire Hathaway Inc. and $400 Million Debt Offering by Berkshire Hathaway Finance Corporation
The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of 2.100% Senior Notes due 2019 of Berkshire Hathaway Inc. (“Berkshire”) and the public offering of $400 million of Floating Rate Senior Notes due August 2017 of Berkshire Hathaway Finance Corporation (“BHFC”), which will be guaranteed by Berkshire. The offerings closed on August 14, 2014.
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Reed Smith advises on £430 million acquisition of a portfolio of three business parks
Global law firm Reed Smith has advised the Oaktree Capital Management and Patrizia joint venture on its acquisition of three MEPC business parks for £430 million from Hermes Real Estate. The business parks comprise: Chineham Park in Basingstoke, Birchwood Park in Warrington and Hillington Park in Glasgow.
Tags: Reed Smith LLPWFW advises Höegh LNG Partners LP on US$221 million IPO
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Höegh LNG Partners LP, a Marshall Islands limited partnership (“HMLP”), on its recently completed IPO on the New York Stock Exchange. HMLP raised US$220.8 million in gross proceeds in the IPO, selling approximately 11 million common units at US$20 each.
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Deal Note: Warburg Pincus Leads Equity Investment in Venari Resources LLC
Vinson & Elkins advised Warburg Pincus in connection with its lead equity investment in Venari Resources LLC, a deepwater oil exploration and production company in the Gulf of Mexico. In Venari’s most recent equity financing, the company raised an additional $1.3 billion of equity commitments. To date, Venari has raised $2.4 billion of equity commitments from its investors.
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