London Finance Practice Shortlisted in The Lawyer Awards 2021
Following its entry into The Lawyer Awards 2021 for the Finance Team of the Year category, a London-based team has been shortlisted for its work advising the initial purchasers and super senior facility lenders in connection with the Tullow Oil plc $2.38 billion refinancing, consisting of an offering of $1.8 billion aggregate principal amount of 10.25% senior secured notes due 2026 (the Notes) and a super senior secured revolving credit facility comprised of a $500 million revolving credit facility and a $100 million letter of credit facility.
The Notes, which priced on May 06, 2021, will be used to (i) repay all amounts outstanding under, and cancel all commitments made available pursuant to, the Issuer’s existing Reserves Based Lending Facility, (ii) redeem in full the Issuer’s senior notes due 2022, (iii) at maturity repay in full and cancel the Issuer’s convertible bonds due 2021 and (iv) pay fees and expenses incurred in connection with the transactions, and will be the general senior secured obligations of the Issuer and be guaranteed by certain of the Issuer’s subsidiaries.
The Vinson & Elkins team was led by partners Noel Hughes, Lucy Jenkins and Jeff Eldredge with assistance from partner Alex Msimang, counsel Christianne Williams, senior associates Nadine Amr and Nicole Hamill and associates Marcus Martinez and Louise Fischel-Bock. Partner Wendy Salinas, counsel Andrew Callaghan, senior associate Byul Han and associate Simrita Chadha provided tax advice.
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 follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.