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The Firm represented NFR Energy LLC and NFR Energy Finance Corporation as co-issuers, in connection with their issuance and sale of $150 million aggregate principal amount of 9¾% Senior Notes due 2017.  The initial purchasers were led by UBS Securities LLC, Banc of America Securities LLC, J.P. Morgan Securities Inc. and BNP Paribas Securities Corp.  The notes were issued as additional notes under an existing indenture, pursuant to which the co-issuers issued $200 million aggregate principal amount of 9¾% Senior Notes due 2017 in February 2010. The notes were offered and sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. 

NFR Energy LLC is a privately-held natural gas and oil company engaged in the acquisition, development, exploitation and exploration of natural gas and oil properties onshore in the United States.  NFR began operations in 2007 and is a joint venture of Nabors Industries Ltd. and funds advised by First Reserve Corporation.

The Simpson Thacher team included, among others, Ed Tolley and Iksoo Kim (Capital Markets) and Jonathan Cantor and Jennifer Klein (Tax).  Mark Rapisarda provided paralegal support.