Paul Hastings represented Citigroup Global Markets, J.P. Morgan Securities, Deutsche Bank Securities; Merrill Lynch, Pierce, Fenner & Smith and Goldman Sachs Bank as joint lead arrangers and Citibank as administrative agent in connection with the financing for Fieldwood Energy’s acquisition of certain offshore Gulf of Mexico and onshore Gulf Coast oil and gas assets from SandRidge Energy.

The financing consisted of $175 million of incremental commitments under Fieldwood Energy’s existing reserve-based revolving credit facility, $200 million of incremental first lien term loans under Fieldwood Nergy’s existing first lien term loan facility and $418 million of incremental second lien term loans under Fieldwood Energy’s existing second lien term loan facility.

Leveraged Finance partner Richard Farley led the Paul Hastings team, which also included associate Shekhar Kumar.