Clayton Williams Energy closed its previously announced $350 million term loan transaction with funds managed by Ares Management.
Clayton Williams Energy entered into a $350 million term loan agreement with funds managed by Ares Management. The deal includes the issuance of warrants to purchase 2.25 million shares of the company’s stock.
Clayton Williams Energy completed the scheduled semiannual borrowing base redetermination of its revolving credit facility led by JPMorgan Chase.
Paul Hastings represented the initial purchasers in providing a $250 million financing to Clayton Williams Energy.