Daily News: August 31, 2012

Paul Hastings Advises Lenders on TPC Acquisition Financing


Paul Hastings announced that it is representing Bank of America Merrill Lynch, Morgan Stanley Senior Funding and Jefferies and its affiliates in connection with financing petrochemical provider TPC Group’s $850 million merger with First Reserve Corporation, a global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.

The transaction is expected to be completed by the fourth quarter.

The Paul Hastings team is led by Leveraged Finance partners Michael Michetti, Michael Baker, Jeffrey Pellegrino, Michael Chernick, Michele Cohen, Scott Saks and of counsel Sanjay Thapar and Randal Palach.

Paul Hastings is a global law firm with offices in Asia, Europe, and the United States.