HPS Investment Partners, LLC (HPS) in C$120 million term loan financing provided to Canaccord Genuity Group, Inc. (CGGI), a leading financial services firm based in Canada, in connection with CGGI’s redemption of its convertible debentures and the subsequent acquisition by HPS of preferred shares issued by CGGI’s UK wealth management subsidiary.
Tailwater Capital in its acquisition of NorTex Midstream, a leading natural gas storage and transmission company serving North Texas.
HighPoint Resources Corp. (NYSE: HPR) on its $376 million combination with Bonanza Creek Energy, Inc. (NYSE: BCEI).
Denbury Inc. (NYSE: DEN) on the restructuring of its long-standing CO2 pipeline arrangements with Genesis Energy, L.P. (NYSE: GEL).
Denbury Resources Inc. and its affiliates, the only United States-based public company of scale with a primary focus on sustainable carbon dioxide enhanced oil recovery, in their prepackaged Chapter 11 cases. With approximately $2.5 billion in funded debt, Denbury’s restructuring support agreement with its creditors provides for a comprehensive financial restructuring that will equitize all $2.1 billion of Denbury’s notes and includes committed debtor-in-possession and exit financings from Denbury’s existing lenders.
Ultra Petroleum Corp. and its affiliates, one of the largest oil and natural gas exploration and production companies in Wyoming, in their prepackaged Chapter 11 cases. With over $1.9 billion in funded debt, Ultra’s restructuring support agreement with its creditors provides for a comprehensive financial restructuring that includes committed debtor-in-possession and exit financings.
Whiting Petroleum Corporation and its affiliates, an independent exploration and production company and one of the top producers of crude oil in North Dakota, in their prearranged Chapter 11 cases. Whiting’s restructuring support agreement provides for a comprehensive restructuring of its approximately $3.5 billion in funded debt.
Sheridan Holding Company I and its affiliates, an oil and gas exploration and production company, in their Chapter 11 cases. With approximately $600 million in funded debt, Sheridan was the first one-day prepackaged Chapter 11 case in the Southern District of Texas, Houston Division.
Hilcorp Alaska in its approximately $5.6 billion acquisition of BP’s upstream and midstream business in Alaska.
Newfield Exploration Co. in its approximately $5.5 billion acquisition by Encana Corp.
SemGroup Corp. in its approximately $5.1 billion acquisition by Energy Transfer LP.
McDermott International, Inc. and its affiliates, a global upstream and downstream engineering, procurement, construction and installation company, in a $1.7 billion superpriority term loan and letter of credit facility and the subsequent prepackaged chapter 11 restructuring and approximately $2.8 billion debtor-in-possession credit facility.
Sheridan Holding Company II, LLC and its affiliates, an oil and natural gas investment fund, in their prepackaged chapter 11 restructuring to address over $1.1 billion of funded debt obligations.
A private nationwide hospital operator in its $710 million asset-based revolving credit facility.
BP Energy Company in a $200 million secured letter of credit facility used to backstop plugging and abandonment obligations provided to affiliates of Cox Oil, LLC in the acquisition of Energy XXI Gulf Coast, Inc.
Redwolf Natural Resources, an upstream oil & gas company, in a $500 million reserve-based revolving credit facility.
Multiple upstream oil & gas portfolio companies in secured first and second lien delayed-draw term loan facilities and reserve-based revolving credit facilities.
