Anthony Sanderson

High-Yield & Other Debt Offerings

• Caturus Energy, LLC in its $600 million offering of senior notes
• A special-purpose entity related to a semiconductor fabrication facility in multiple offerings of senior secured notes with aggregate proceeds of over $14 billion
• Initial purchasers to Blue Owl Credit Income Corp. in its $500 million offering of senior notes
• Initial purchasers to Blue Owl Credit Income Corp. in its $400 million offering of senior notes
• Summit Midstream Corporation (NYSE: SMC) in its $250 million offering of senior secured second lien notes
• Underwriters to Golub Capital BDC, Inc. (Nasdaq: GBDC) in its $150 million offering of senior notes
• Underwriters to Blue Owl Capital Corporation (NYSE: OBDC) in its $400 million offering of senior notes
• Underwriters to Exxon Mobil Corporation (NYSE: XOM) in its $172 million offering of floating rate notes
• Summit Midstream Partners, LP (NYSE: SMLP) in its $575 million offering of senior secured second lien notes and the concurrent tender offer for certain of its outstanding notes
• Civitas Resources, Inc. (NYSE: CIVI) in its $2.7 billion offering of senior notes
• Railworks Holdings, LP and Railworks Rally, Inc. on their inaugural offering of $325 million of senior secured second lien notes to finance the acquisition of RailWorks Corporation
• Initial purchasers to Weatherford International plc (Nasdaq: WFRD) in its $2.1 billion offering of senior secured first lien notes and senior notes and the concurrent tender offer to repurchase certain of its outstanding notes
• Strathcona Resources Ltd. in its inaugural $500 million offering of senior notes
• Empark, a Macquarie portfolio company, in its €575 million offering of senior secured notes and €100 million super senior revolving credit facility*
• Initial purchasers to Altice International in its $3 billion offering of senior secured notes*
• Initial purchasers to Vine Energy Inc. (NYSE: VEI), a Blackstone portfolio company, in its $950 million offering of senior notes*
• Initial purchasers to New Fortress Energy Inc. (Nasdaq: NFE) in its $1.5 billion offering of senior notes and its $200 million revolving credit facility to finance the acquisition of Hygo Energy Transition Ltd. and Golar LNG Partners LP*
• Oasis Midstream Partners LP (Nasdaq: OMP) in its inaugural $450 million offering of senior notes*
• Initial purchasers to Aethon United in its inaugural $750 million offering of senior notes*
• Underwriters to Southwestern Energy Company (NYSE: SWN) in its $350 million offering of senior notes*
• First Quantum Minerals Ltd. (TSX: FQM) in its $750 million offering of senior notes*
• Initial purchasers to Ithaca Energy in its $500 million offering of senior notes to finance the $2 billion acquisition of Chevron North Sea Limited*
• Initial purchasers to Neptune Energy, a Carlyle, CVC and the China Investment Corporation (CIC) portfolio company, in its $300 million offering of senior notes*
• First Quantum Minerals Ltd. (TSX: FQM) in its $1.85 billion offering of senior notes*

IPOs & Other Equity Offerings

• Talen Energy Corporation (Nasdaq: TLN) in its initial listing on the Nasdaq Global Select Market
• Underwriters to Vine Energy Inc. (NYSE: VEI), a Blackstone portfolio company, in its $346 million initial public offering of Class A common stock*
• Sales agents to Blue Owl Capital Corporation (NYSE: OBDC) in its $750 million at-the-market offering
• Sales agents to Golub Capital BDC, Inc. (Nasdaq: GBDC) in its $250 million at-the-market offering
• Summit Midstream Corporation (NYSE: SMC) in its reorganization from a master limited partnership to a corporation
• Ramaco Resources, Inc. (Nasdaq: METC, METCB) in its offering of 9.4 million shares of “tracking stock” as Class B common stock and reclassification of its existing common stock to Class A common stock
• Southwestern Energy Company (NYSE: SWN) and selling stockholders in their $328 million secondary offering
• Underwriters to Southwestern Energy Company (NYSE: SWN) in its $158 million offering of common stock*

Mergers & Acquisitions

• Caturus in the Final Investment Decision for its $13 billion Commonwealth LNG export facility in Cameron Parish, Louisiana
• Cursor on its agreements with SpaceX to collaborate on the development of a new AI model and providing SpaceX the option to acquire Cursor for $60 billion. This is believed to be the largest VC-backed acquisition of all time at almost twice the size of the previous record
• Caturus Energy in its $950 million acquisition of the Galvan Ranch assets in South Texas from SM Energy Company (NYSE: SM)
• Talen Energy Corporation (Nasdaq: TLN) in its $3.45 billion acquisition of a 2.6 GW portfolio of natural gas-fired power generation assets in PJM from Energy Capital Partners
• Crescent Energy Company (NYSE: CRGY) in its $3.1 billion acquisition of Vital Energy, Inc. (NYSE: VTLE)
• Talen Energy Corporation (Nasdaq: TLN) in its combined $3.8 billion acquisitions of gas-fired power plants Moxie Freedom Energy Center and Guernsey Power Station from Caithness Energy, LLC and BlackRock, Inc. (NYSE: BLK)
• Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) in its $9 billion acquisition of Colonial Enterprises, Inc., a world-class midstream asset portfolio comprised of the largest refined products system in the U.S., including the Colonial Pipeline
• Constellation Energy Corporation (Nasdaq: CEG) in its $26.6 billion acquisition of Calpine Corp.
• Gogo Inc. (Nasdaq: GOGO) in its $416 million acquisition of Satcom Direct
• SM Energy Company (NYSE: SM) in its $2.55 billion acquisition of Uinta Basin assets from XCL Resources, LLC, and Northern Oil and Gas, Inc. (NYSE: NOG) in its concurrent $510 million acquisition of an undivided 20% stake of the oil and gas assets of XCL Resources, LLC
• Oaktree Capital Management in its $420 million acquisition of Ambac Assurance Corporation, the financial guarantee business of Ambac Financial Group, Inc. (NYSE: AMBC)
• GTCR in its $2.7 billion acquisition of AssetMark Financial Holdings, Inc. (NYSE: AMK)
• Southwestern Energy Co. (NYSE: SWN) in its merger with Chesapeake Energy Corp. (Nasdaq: CHK) to create a $24 billion combined company
• TG Natural Resources LLC in its $2.7 billion acquisition of Rockcliff Energy II LLC
• Civitas Resources, Inc. (NYSE: CIVI) in its $2.45 billion acquisition of oil producing assets in the Delaware Basin from Tap Rock Resources, a portfolio company of NGP Energy Capital Management
• Inmarsat and its controlling consortium on the $7.3 billion combination with Viasat, Inc. (Nasdaq: VSAT)
• Ovintiv Inc. (NYSE: OVV) in its $4.275 billion acquisition of all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, and the concurrent $825 million sale of its Bakken assets
• Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) in its $30 billion joint venture with Intel Corp. (Nasdaq: INTC) to jointly fund Intel’s under-construction semiconductor fabrication facility in Chandler, Arizona
• Riley Exploration Permian, Inc. (NYSE: REPX) in its $330 million acquisition of oil and gas assets in the Permian Basin from Pecos Oil & Gas, LLC
• Mas CanAm LLC in its $355 million sale of three renewable natural gas landfill assets to Kinder Morgan, Inc. (NYSE: KMI)
• Indigo Natural Resources LLC in its $2.7 billion merger with Southwestern Energy Company (NYSE: SWN)
• KKR in its investment in OutSystems as part of a $360 million investment round (together with Goldman Sachs)*

Restructurings & Liability Management Exercises

• Multi-Color Corporation: Representation of Multi-Color Corporation and 55 of its affiliates (collectively, MCC) in their prepackaged Chapter 11 proceedings filed in the United States Bankruptcy Court for the District of New Jersey. MCC is a leading global provider of prime label solutions, with more than 12,500 employees worldwide supporting prominent brands across end categories, including food and beverage, wine and spirits, home and personal care, and healthcare, among others. MCC entered Chapter 11 with the support of its key stakeholders, including an ad hoc group of secured first lien lenders holding more than 72% of first lien claims, and its equity owner, creditor, and plan sponsor, CD&R. The transactions contemplated by the restructuring support agreement will reduce MCC’s net debt from $5.9 billion to $2 billion, provide for a $889 million new common and preferred equity investment to support long-term growth and investment, capitalize the go-forward business with access to over $550 million of capital upon emergence, and leave employee and trade claims unimpaired
• Renesas Electronics Corporation (TSE: 6723) and its affiliate, the largest creditor of Wolfspeed, Inc. (NYSE: WOLF) and its affiliated debtor, in Wolfspeed’s prepackaged Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Prior to the Chapter 11 filing, Renesas entered into a restructuring support agreement with Wolfspeed and its key lenders for the exchange of, among other things, Renesas’ existing unsecured loan for secured convertible notes, warrants and common stock in reorganized Wolfspeed
• Sunnova Energy International Inc. (NYSE: NOVA) and certain of its affiliates in their Chapter 11 cases filed in the United States Bankruptcy Court for the Southern District of Texas. Sunnova entered Chapter 11 with approximately $8.9 billion of funded debt obligations and is the second-largest installer of residential solar installations. After filing for Chapter 11, Sunnova received a $90 million new money debtor-in-possession financing commitment from a key lender constituency, as well as facilitated two private sales generating approximately $45 million in the first days of the Chapter 11 cases
• Oaktree Capital Management in its $160 million senior secured debt facility to B. Riley Financial, Inc. (Nasdaq: RILY), including related warrants
• Unsecured creditor group of Talen Energy Corporation in connection with its Chapter 11 reorganization and $1.4 billion recapitalization led by the unsecured creditor group, which emerged as the new majority equity owners of the reorganized company
• Team, Inc. (NYSE: TISI) in its financial restructuring efforts and strategic review of its capital structure, including an issuance of warrants in connection with a $50 million delayed-draw term loan credit facility, the successful request for the NYSE financial viability exception and the private exchanges of convertible notes into PIK notes and PIK notes into an unsecured term loan
• Jonah Energy LLC in connection with its out-of-court restructuring, which deleveraged its balance sheet by approximately $580 million, and entry into an amended and restated credit facility with an initial borrowing base of $750 million*

*Denotes experience prior to joining Kirkland.

Vinson & Elkins LLP, Houston & London

Sidley Austin LLP, London

Business Career Foundation Program, The Boeing Company, Seattle