Simpson Thacher Represents Riverstone in Connection With $200 million Credit Facility for Laredo Energy
01.10.19
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The Firm represented Riverstone Credit Partners, L.P. in connection with a $200 million First Lien Term Facility for Laredo Energy. Laredo used the proceeds from the Term Loan to pay down all borrowings under the company’s revolving credit facility and also for the subsequent redemption of all outstanding Series A-1 Limited Partner Interests.
Riverstone is an energy and power-focused private investment firm that conducts buyout and growth capital investments in the energy industry. Laredo Energy VI, LP is a Houston-based, natural gas exploration and production company that operates in the dry gas window of the Eagle Ford Shale.
The Simpson Thacher team included Robert Rabalais, Jason Hwang and Brandon Barton (Banking and Credit).