Simpson Thacher Represents Lenders in $300 Million Term Loan for Rex Energy Corporation
05.04.17
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The Firm recently represented a lending group led by Angelo, Gordon & Co. in arranging a $300 million first lien delayed draw term loan for Rex Energy Corporation (“Rex Energy”). The loan terms also permit up to $100 million in additional secured first lien debt, contingent on circumstances. The loan will allow Rex Energy to repay outstanding loans, pay fees and expenses associated with the term loan, and increase funds available for development projects and acquisitions.
Rex Energy is an independent energy company specializing in the exploration, acquisition, production and development of oil and gas.
The Simpson Thacher team included Robert Rabalais, Richard Sitton, Sarah Elliott, Peter Raish and Yianni Georgeton (Banking and Credit).