Kirkland Represents BP in Financing to Affiliates of Cox Oil in $322 Million Acquisition of Energy XXI

Kirkland & Ellis LLP represented BP Energy Company in connection with a $200 million secured letter of credit facility used to backstop plugging and abandonment obligations provided to affiliates of Cox Oil, LLC, a privately-owned oil and gas company operating in the Gulf of Mexico, in the acquisition of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC). The full Energy XXI release is here.

The Kirkland team was led by debt finance partners William Bos, Erik Hepler and Kimberly Perdue and associates Arthur Lotz, Shan Khan and Marco Chan; and corporate partners Scott Gordon, Rahul Vashi and Drue Santora and associate R.J. Malenfant.