Daily News: October 3, 2013

Hastings Represents Citi, J.P. Morgan Securities

Paul Hastings announced it represented Citibank as administrative agent and collateral agent, and Citigroup Global Markets and J.P. Morgan Securities as lead arrangers in connection with Fieldwood Energy’s $3.75 billion acquisition of certain Apache offshore oil and gas assets.

Fieldwood Energy is a portfolio company of New York-based private equity firm Riverstone Holdings.

The financing consisted of a $1.2 billion reserve-based revolving credit facility, a $700 million first-lien term loan and a $1.7 billion second-lien term loan.

Leveraged Finance partners Richard Farley led the Paul Hastings team, which also included Leveraged Finance partners Randal Palach, Michael Baker, Paris Theofanidis and associates Shekhar Kumar and Tahira Prince.