Simpson Thacher represented EOC Partners and other lenders (including Sixth Street and Stonepeak Credit) in Northwind Midstream Partners LLC’s (“Northwind”) issuance of a new $700 million Senior Secured First Lien Term Loan. Northwind is a portfolio company of Five Point Energy. Northwind will use the net proceeds from the Term Loan to repay its existing financing commitments and to fund the continued build-out and expansion of its off-spec gas gathering, compression, treating, sequestration and processing system located in Lea County, New Mexico.
Northwind is a provider of natural gas infrastructure services focused on the Permian Basin. The company develops, owns and operates off-spec gas infrastructure and offers gas treating and carbon sequestration, as well as gas gathering, processing and marketing, thereby mitigating clients' environmental concerns. Five Point Energy is a leading private equity firm focused on building world-class businesses within the environmental water management and sustainable infrastructure sectors.
The Simpson Thacher team includes Matt Einbinder, Andrew Lanius, Javier Felix, Michael Hiestand and Hayden Stoeber (Credit); Katy Lukaszewski (M&A); Adam Arikat (Tax); and Tim Gallagher (Real Estate).