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United States : Simpson Thacher Represents the Initial Purchasers and Lenders in Financing Transactions Related to the Acquisition of the Marcellus...

August 13, 2014



United States : Simpson Thacher Represents the Initial Purchasers and Lenders in Financing Transactions Related to the Acquisition of the Marcellus Assets of Citrus Energy Corporation by Warren Resour

The Firm represented the initial purchasers, led by BMO Capital Markets Corp., Jefferies LLC and Wells Fargo Securities, LLC, as representatives of the initial purchasers of $300 million of 9.000% Senior Notes due 2022 of Warren Resources, Inc. (the Company ). The Firm also represented Bank of Montreal, as administrative agent, in connection with the Company s Third Amended and Restated Credit Agreement with an increased borrowing base of $225 million. The proceeds of the notes offering and borrowings under the credit facility were used to finance the acquisition of the Marcellus Assets of Citrus Energy Corporation and two additional working interest owners.

Warren Resources, Inc. is an independent energy company engaged in the acquisition, exploration, development and production of domestic oil and natural gas reserves. Warren's activities are primarily focused on oil in the Wilmington field in the Los Angeles Basin and the Leroy Pine Project in the Santa Maria Basin, both in California, and natural gas in the Washakie Basin in Wyoming and the Marcellus Shale in Pennsylvania.

The Simpson Thacher team included Rhett Brandon, RisË Norman, Karen Wang, Wabi Jain and summer associate Alex Dominey (Capital Markets); Alan Brenner, Andy Veit, Lindsay Thomas and Andrew Yong (Credit); Jonathan Cantor and Sophie Staples (Tax); Mardi Merjian (Real Estate); Adeeb Fadil (Environmental); Paul Koppel and Brittany McCants (Executive Compensation and Employee Benefits); and Andrew Pagliughi (Blue Sky).


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Source: TendersInfo (India)


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