Kirkland Advises Magnetar and Carlyle on Financing for Altus Midstream

Kirkland & Ellis counseled affiliates of Magnetar Capital and The Carlyle Group on their transaction with Altus Midstream LP, which signed agreements to sell $625 million of preferred equity in a private placement and amend its credit facility to allow Altus Midstream’s revolver capacity to increase by $200 million during the Initial Period, as defined in Altus Midstream’s credit agreement, to $650 million.  

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The Kirkland team was led by transactional partner Bill Benitez and associate Ahmed Sidik with assistance from capital markets partners Matt Pacey and Michael Rigdon, debt finance partner Andy Veit, and tax partner Mark Dundon.