Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC and Union Bank, N.A., as joint lead arrangers, Wells Fargo Securities, LLC, as sole bookrunner, and Wells Fargo Bank, National Association, as the administrative agent, in connection with a $1,000,000,000 senior secured amended and restated credit agreement for Segundo Navarro Drilling, Ltd (more…)
National law firm Chamberlain, Hrdlicka, White, Williams & Aughtry announced today the addition of Amy Moss as an equity shareholder in its Houston-based Business Practice. Moss will represent clients in matters of corporate transactions, securities and finance. Previously, Moss was an equity partner in the Houston office of Haynes and Boone, LLP (more…)
Winston & Strawn LLP has announced that four attorneys focused on complex commercial litigation, bankruptcy litigation and restructuring have joined the firm’s Houston office. John B. Strasburger, Melanie Gray, Lydia T. Protopapas, and Jason W. Billeck, all most recently partners at Weil, Gotshal & Manges where Mr. Strasburger was managing partner of the Houston office, join Winston & Strawn as partners. The arrival of the group broadens Winston & Strawn’s litigation and restructuring capabilities, expands its abilities to serve energy sector clients, and underscores the firm’s commitment to developing a full-service platform in Houston (more…)
On October 10, 2013, Western Refining Logistics, LP (“WNRL”), a Delaware limited partnership and wholly owned subsidiary of Western Refining, Inc. (“Western”) (NYSE:WNR) announced the pricing of its initial public offering of 13,750,000 common units representing limited partner interests in WNRL, at $22.00 per unit. The common units are being traded on the New York Stock Exchange (“NYSE”), under the ticker symbol “WNRL.” WNRL has granted the underwriters a 30-day option to purchase from WNRL up to an additional 2,062,500 common units, at the initial public offering price. The offering is expected to close on or about October 16, 2013, subject to customary closing conditions (more…)
Akin Gump served as legal advisor to Memorial Production Partners LP in the pricing of a $300 million bond offering that closed today. The company, along with its wholly owned subsidiary, Memorial Production Finance Corporation, intends to use the proceeds for repayment of a portion of the outstanding borrowings under its revolving credit facility and for general partnership purposes (more…)
Regency Energy Partners LP (“Regency”) (NYSE:RGP) and PVR Partners, L.P. (“PVR”) (NYSE:PVR) today announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value today for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion (more…)
John Wood Group PLC and Siemens AG have entered into a joint venture consisting of the Maintenance and Power Solutions businesses of Wood Group GTS (excluding its Rolls Wood Group, Trans Canada Turbine and Sulzer Wood joint ventures), and Siemens’ TurboCare business unit which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services. The joint venture will be a differentiated, integrated rotating equipment service provider to the power generation, oil & gas and industrial sectors (more…)
Bracewell & Giuliani LLP represented Los Angeles based Thomas Properties Group, Inc., a full-service real estate company, in a long term lease to Statoil Gulf Services L.L.C., the U.S. upstream subsidiary of the Norwegian energy company, at CityWestPlace in Houston’s Westchase District. The lease includes 581,000 square feet, which more than doubles the size of Statoil’s North American headquarters. By mid-2015, Statoil will occupy the entirety of the 431,000 square foot CityWestPlace Building 2 (2107 CityWest Boulevard). The company also extended its existing lease of 150,000 square feet in CityWestPlace Building 4 (2103 CityWest Boulevard) (more…)
Michael T. Larkin has joined Porter Hedges as a partner in the Corporate Practice Group. He practices primarily in the areas of mergers and acquisitions, public and private offerings of securities, joint ventures and strategic alliances, and corporate and securities law matters. He has experience representing companies in the oil and gas, health care, telecommunications, technology, pharmaceuticals, manufacturing and professional services industries (more…)
Simpson Thacher is representing First Reserve Corporation and its portfolio company Templar Energy LLC in connection with a $1.0 billion acquisition of oil and gas assets located in the Texas Panhandle and western Oklahoma from Forest Oil Corporation. The transaction is expected to close on or before November 25, 2013, and is subject to customary purchase price adjustments, regulatory approvals and closing conditions (more…)
The international law firm Greenberg Traurig LLP added shareholder Christopher L. Bell in the environmental, energy and litigation practice groups, including environmental & toxic tort litigation (more…)
Nicolas Barzoukas, widely recognized as a leading lawyer on patent litigation in the pharmaceutical field and in industries related to chemistry, electronics, biotechnology, medical devices, lasers and mechanical systems, joined Baker Botts L.L.P. today as a partner in the firm’s Houston office (more…)
