Enerplus Agrees to Acquire Williston Basin Operator
Vinson & Elkins advised Enerplus Corporation (“Enerplus”) in its definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for total cash consideration of $465 million (the “Acquisition”). To fund the Acquisition, V&E also advised Enerplus on a new $400 million term loan and a concurrent $115 million bought deal equity financing. Enerplus will not assume any debt of Bruin as part of the Acquisition.
The V&E corporate team was led by partner Bryan Loocke, with counsel Joclynn Townsend, senior associate Cesar Leyva, and associates Alicia Vesely, Rob Vezina and Zach Parker. Also advising was partner Brian Bloom; partner Sean Becker; partner Todd Way and senior associate Christine Mainguy; partner Matthew Dobbins and senior associate Jennifer Cornejo; and partner Mike Telle and senior associate Nettie Downs.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
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