Kirkland & Ellis Represents Midstates Petroleum in Liquidity Enhancing Transactions

Kirkland & Ellis LLP represents Midstates Petroleum Company, Inc. which announced today that it has completed a series of transactions intended to increase its liquidity, including a private offering of $625 million of Senior Secured Second Lien Notes and an exchange of existing unsecured senior notes for approximately $500 million of Third Lien Senior Secured Notes. More details on the transaction can be found here.

The transaction highlights Kirkland's exclusive brand of creative deal making and the unique synergies stemming from the collaboration between Kirkland's top tier energy and restructuring practices.

The Kirkland team was led by capital markets partner Matt Pacey, restructuring partners Edward Sassower and Josh Sussberg, and finance partners Lucas Spivey and Andy Veit.