Tom McNutt, executive vice president and general counsel of Energy & Exploration Partners (ENXP) of Fort Worth, turned to Jackson Walker for the company’s acquisition of assets in Houston and Madison Counties from TreadStone Energy Partners for about $715 million.
Houston-based TreadStone turned to DLA Piper.
On July 22 ENXP, an exploration and production company, announced the closing of the acquisition of the 18,300 acres in East Texas, along with the concurrent closing of $375 million in convertible subordinated notes in a private placement, and a new $775 million senior secured term loan.
ENXP announced that it used net proceeds from the notes offering and borrowings under the loan to pay for the purchase, to refinance and replace the company’s outstanding unsecured notes, and to fund a portion of future development and a capital program.
The Jackson Walker lawyers for ENXP included energy partner Michael Pearson and associate Anna Raguet Irion, both of Houston, and tax partner Nathan Smithson of Dallas.
The DLA Piper lawyers for TreadStone included partner Jack Langlois, associates Lara Vartivarian and George Pothoulakis, and of counsel Steve Ryan, all of Houston, and partners Shmuel Klahr and Gerald Rokoff and associate Frank Mugabi, all of New York City.
For the notes offering and senior secured term loan, ENXP relied upon Bracewell & Giuliani. The team included capital markets partner Charles Still Jr. and associates Emily Leitch, Harrison Bolling and Andrew Farris, all of Houston; finance partners Dewey Gonsoulin Jr. of Houston and Jonathan Wry of New York and associate Jennifer Dill of Houston; and tax partner Lance Behnke of Seattle and Houston, and counsel Alexander Jones of New York.
ENXP’s financial advisers for the financings turned to Mayer Brown and Cravath, Swaine & Moore. At Mayer Brown, corporate and securities partners Kirk Tucker and Andrew Stanger, both of Houston, and John Berkery of New York worked on the financings. At Cravath, corporate partner Paul Zumbro and associate Gillian Warmflash, both of New York, were involved.