Hancock Whitney Agrees to Sell $497M in Energy Loans to Funds Managed by Oaktree Capital

Vinson & Elkins advised Oaktree Capital Management, L.P (Oaktree) in an agreement with Hancock Whitney Corporation, which has agreed to sell $497 million of energy loans to certain funds and accounts managed by Oaktree.

The sale includes reserve-based (RBL), midstream and nondrilling service credits. The company expects to receive proceeds of $257.5 million from the sale of these loans upon satisfaction of certain closing conditions.

The V&E team was led by partners Chris Dawe, Mike Bielby and John Grand and counsel Ryan Hunsaker.

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