- Category
- Announcements
- Date
- June 02, 2016
- Title
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Kramer Levin Represents Lenders for $900 Million Fieldwood Energy LLC Financing
Kramer Levin represented a syndicate of lenders with respect to several credit facilities for Fieldwood Energy LLC. A group of Fieldwood Energy’s existing second lien lenders provided $386.7 million of new money first lien loans (the “RBTL”), which were made as incremental loans pursuant to the company’s existing First Lien Term Loan Credit Facility. The proceeds of the RBTL were used to refinance the all of the company’s outstanding reserve based revolving loans. These lenders also exchanged outstanding second lien term loans for a new $517.5 million first lien last out term loan.
The company also entered into an unfunded second lien term loan credit facility with affiliates of its sponsor, Riverstone Holdings LLC.
The Kramer Levin team consisted of Leveraged Finance partners Richard E. Farley, Kenneth Chin and David S. Berg, special counsel Mae R. Rogers, associates Sheri Nentin Graniero and Gabrielle Marin Nagler, and law clerk Nathan Hyman, as well as Tax partner Barry Herzog.
Related People
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Richard E. Farley
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- Partner
- Chair, Leveraged Finance Group
- New York
- vcard
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Kenneth Chin
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- Partner
- Chair, Banking and Finance
- New York
- vcard
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David S. Berg
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- Partner
- New York
- vcard
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Barry Herzog
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- Partner
- Chair, Tax
- New York
- vcard
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