Daly C.S. Brower

Debt Finance

• CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, in its $2.6 billion debt financing facility.
• Private credit financing sources on providing a New York law governed Euro denominated term loan facility in support of U.S. private equity sponsor Albion River’s acquisition of Wescom.
• Waters Corporation (NYSE: WAT) in connection with its pending $39 billion Reverse Morris Trust combination with Becton, Dickinson’s (NYSE: BDX) Biosciences & Diagnostic Solutions business, to obtain aggregate $7 billion commitments in respect financings for both a potential WAT dividend and for BDX.
• Warner Bros. Discovery, Inc. (Nasdaq: WBD) in its $17 billion secured bridge facility in connection with its tender offer and consent solicitation supporting a new corporate structure that will comprise two divisions: Global Linear Networks and Streaming & Studios.
• Pintail Completions, a leading Permian Basin oilfield wireline services company, in its sale to RPC, Inc. (NYSE: RES) for $245 million in cash and newly issued shares of RPC stock.
• Fortress Credit Corp. on providing a $75 million private credit financing to a wholly owned subsidiary of Tiptree Inc. (Nasdaq: TIPT), a Nasdaq listed company that allocates capital to select small and middle market companies with the mission of building long-term value.
• Crown Laboratories, Inc., a privately held, global innovative leader in the skincare industry, on the close of an agreement to purchase Revance Therapeutics, Inc. (Nasdaq: RVNC), a biotechnology company aimed at setting the new standard in healthcare with innovative aesthetic and therapeutic offering.
• Powin, a global leader in battery energy storage solutions, on successfully securing a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm.
• Gogo Inc. (Nasdaq: GOGO) on its definitive agreement to acquire Satcom Direct, to create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation and military/government mobility markets.
• Antero Resources Corporation (NYSE: AR), an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio, in connection with its entry into a new unsecured credit facility with lender commitments of $1.65 billion.
• Antero Midstream Partners LP, an owner, operator and developer of midstream energy assets and a wholly owned indirect subsidiary of Antero Midstream Corporation (NYSE: AM), in connection with its entry into a new $1.25 billion credit facility.
• TG Natural Resources LLC on the $2.7 billion acquisition of Rockcliff Energy II LLC and on its $2 billion reserve based facility.
• Allied Industrial Partners, an industrial-focused private equity firm, on its strategic investment in Celebrity Coaches, a leading national provider of transportation and logistics for the live events and entertainment sector.
• Civitas Resources (NYSE: CIVI) in its $2.45 billion definitive agreement to acquire oil producing assets in the Delaware Basin from Tap Rock Resources, a portfolio company of NGP Energy
• Capital Management and its $2.25 billion definitive agreement to acquire oil producing assets in the Midland Basin from Hibernia Energy III, a portfolio company of NGP Energy Capital Management.
• Greenbelt Capital Partners in its majority investment in Unirac, a leading designer and manufacturer of solar photovoltaic mounting solutions.

Corporate / M&A

• Bernhard Capital Partners in its $484 million acquisition of Entergy’s gas distribution business.
• LM Energy, a portfolio company of Old Ironsides Energy, in the carveout sale of its crude oil gathering business in the Delaware Basin.
• Engine No. 1 in the sale of its ETF business and infrastructure to the TCW Group.
• Lux Vending LLC dba Bitcoin Depot® in its business combination with GSR II Meteora Acquisition Corp. (Nasdaq: GSRM), a special purpose acquisition company.
• Brookfield Infrastructure Partners L.P., together with Ontario Teachers’ Pension Plan, in its acquisition of Compass Datacenters, a designer and provider of data centers for hyperscalers and cloud providers on campuses across the globe.
• Braya Renewable Fuels, a producer of low-emission renewable fuels, in its $300 million preferred equity investment from Energy Capital Partners, a leading energy transition focused investor in the electricity, clean energy, renewable and sustainable infrastructure sectors.

Capital Markets

• Delek Logistics Partners, LP (NYSE: DKL) in its at-the-market offering of up to $100 million in common units representing limited partnership interests.
• Northern Oil & Gas, Inc. (NYSE: NOG) in its upsized $500 million 144A offering of convertible senior notes and associated capped call and share repurchase transactions.

Summer Associate, Kirkland & Ellis LLP

FTI Consulting