Kirkland Represents EIG in $1 Billion Investment in Breitburn

Kirkland & Ellis LLP represents EIG Global Energy Partners, a leading institutional investor to the global energy sector, in its definitive agreement to invest $1 billion in Breitburn Energy Partners LP (Nasdaq: BBEP), a publicly traded independent oil and gas master limited partnership. Breitburn agreed to sell $350 million of perpetual convertible preferred units and $650 million of senior secured second lien notes in simultaneous private offerings to investment funds managed by EIG, and other purchasers. Breitburn’s release can be found here.
 
The Kirkland team includes corporate partners John Pitts and Andrew Calder; finance partners Will Bos and Mary Kogut; capital markets partner Richard Aftanas; and tax partner Dean Shulman.