Simpson Thacher is representing J.P. Morgan Securities LLC as lead arranger and bookrunner in connection with the $1.7 billion committed financing for the $2.7 billion acquisition of Complete Production Services, Inc. by Superior Energy Services, Inc. The merger is expected to be completed during the fourth quarter of 2011.
Superior serves the drilling and production-related needs of oil and gas companies worldwide through its brand name rental tools and its integrated well intervention services and tools, supported by an engineering staff who plan and design solutions for customers. Offshore projects are delivered by the Company’s fleet of modern marine assets.
Complete is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.
The Simpson Thacher team includes Frank Huck, Robert Rabalais, Brett Pearlman and Makiko Harunari (Credit); Art Robinson, Justin Hoffman and Scott Naturman (Capital Markets); Ed Chung (M&A); Michael Isby (Environmental); Jeanne Annarumma and David Schneider (Executive Compensation and Employee Benefits); Scott Dyer (Labor); Lori Lesser and Meryl Rosen (Intellectual Property); Jennie Getsin (Blue Sky); Jonathan Cantor and Andrew Purcell (Tax) and Mardi Merjian (Real Estate).