Daily News: October 4, 2013

Hastings Represents Initial Purchasers in $250MM Financing

Paul Hastings represented the initial purchasers in providing a $250 million financing to Clayton Williams Energy, an independent energy company located in Midland, TX.

The initial purchasers included RBS Securities, J.P. Morgan Securities, Mitsubishi UFJ Securities (USA), Wells Fargo Securities, BBVA Securities, BBVA Securities, KeyBanc Capital Markets, UBS Securities, Natixis Securities Americas, Global Hunter Securities, Fifth Third Securities, and U.S. Bancorp Investments.

The financing consisted of a $250 million add-on to the 7.75% senior notes due 2019.

Leveraged Finance partners Richard Farley and Karl Balz led the Paul Hastings team, which also included associates Valerie Silverman and Tahira Prince.