Kirkland Advises EIG on Investment in Rosehill

Kirkland & Ellis counseled EIG Global Energy Partners LLC on its senior secured second lien investment in Rosehill Operating Company, LLC and preferred equity investment in Rosehill Resources Inc. (NASDAQ: ROSE). Rosehill Operating issued and sold $100 million in aggregate principal amount of 10 percent senior secured second lien notes due Jan. 31, 2023 and Rosehill Resources issued $150 million in Series B Redeemable Preferred Stock with the ability to issue up to $50 million in additional Series B Preferred Stock to certain private funds and accounts managed by EIG. The full release is available here.

The Kirkland team was led by corporate partner Cyril Jones and associates David Thompson and David Moore; debt finance partners Will Bos and Mary Kogut and associate Chad Nichols; capital markets partner Julian Seiguer; and tax partner Russell Light and associate Meg Dewar.