Castleton Commodities International closed a $2.2 billion borrowing base facility consisting of a $1 billion 18-month tranche and a $1.2 billion two-year tranche. The facility also includes a $1 billion accordion, which remains available to support future liquidity needs and growth.
Castleton Commodities International closed on a $1.7 billion borrowing base facility. BNP Paribas, MUFG, Société Générale, Citibank, Coöperatieve Rabobank, Credit Agricole Corporate and Investment Bank and Natixis served as joint lead arrangers and joint bookrunners for the facility.
FTI Consulting is acting as restructuring advisor and Centerview Partners is acting as financial advisor to Ultra Petroleum, which agreed to the terms of a comprehensive balance-sheet restructuring with key creditor constituencies and filed for reorganization under Chapter 11.
Stroock & Stroock & Lavan said Jayme Goldstein, a partner in the Financial Restructuring Practice Group, was recognized by Turnarounds & Workouts as one of 2014’s “Outstanding Young Restructuring Lawyers.”