Vanguard Natural Resources LLC

Description

At emergence from bankruptcy, is entering into amended and restated reserve-based revolving credit facility and a $125-million term loan facility. Credit facility’s initial borrowing base will be $850 million. Evercore Partners Inc. was Vanguard’s financial adviser. Paul Hastings LLP was its legal counsel, and Opportune LLP was restructuring adviser. PJT Partners Inc. was financial adviser, and Milbank, Tweed, Hadley & McCloy LLP was legal counsel, to an ad hoc group of the holders of the senior unsecured notes. RPA Advisors LLC was financial adviser, and Weil, Gotshal & Manges LLP was legal counsel to the administrative agent under Vanguard’s pre- and post-petition credit facilities. Centerview Partners LLC was financial adviser, and Morrison & Foerster LLP was legal counsel to an ad hoc group of second-lien note holders. FTI Consulting Inc. was financial adviser, and Akin Gump Strauss Hauer & Feld LLP was legal counsel, to the official committee of unsecured creditors.

Click here to go back to the search page
Estimated Price
$850.0MM
Financing Type
Report Date