Vinson & Elkins announced that Paul E. Heath, an accomplished partner in the firm’s Restructuring and Reorganization practice group, has relocated from Dallas to Houston.
Unit Corporation emerged from Chapter 11 bankruptcy. As part of the company’s plan of reorganization, Unit converted its existing credit facility agented by BOKF into a $140 million reserve-based lending revolving loan and $40 million term loan.
Opportune is serving as restructuring advisor to Lilis Energy, which filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
Alvarez & Marsal is serving as restructuring advisor to Chesapeake Energy, which voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.
Opportune is serving as restructuring advisor and Evercore Group is serving as investment banker to Unit Corporation, which filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code.
Equify Financial and Wilks Brothers will provide $15 million debtor-in-possession financing to CARBO Ceramics as part of a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.
Vinson & Elkins continues to expand its global corporate practice with the addition of leveraged finance partner Lucy Jenkins in London.
Valorem Energy completed its acquisition of LINN Energy’s Williston Basin interests for $285 million. J.P. Morgan, Citigroup Global Markets and Wells Fargo Securities served as joint lead arrangers for debt financing.
Vinson & Elkins promoted eight lawyers to partner: Mark Brasher, Jason McIntosh, Becky Petereit, Bailey Pham, Simon Rootsey, Lande Spottswood, Thomas Zentner and Craig Zieminski.
Vinson & Elkins has bolstered its Finance Practice Group with the addition of partner Trevor Wommack, who focuses his practice on syndicated lending in the energy sector.