Vinson & Elkins advised affiliates of Riverstone Holdings, LLC as the lead investor in signing definitive agreements regarding a private placement of newly issued convertible preferred shares of Pipestone Energy Corp. with an initial liquidation preference of CAD$70 million.
Vinson & Elkins LLP announced today that Kaam Sahely, head of the firm’s Renewable and Sustainable Energy and Infrastructure practices, will relocate to Austin, Texas, enhancing the group’s capabilities to serve clients in one of the nation’s clean technology centers.
The National Law Journal has named Vinson & Elkins counsel Josh Johnson to its 2020 D.C. Rising Stars list. The list features 40 D.C.-area lawyers under the age of 40, who have “proven their mettle where it counts, representing high-profile clients and securing high-dollar victories.”
Vinson & Elkins advised Southwest Airlines in an underwritten public offering of $1 billion aggregate principal amount of its senior notes, consisting of $300 million aggregate principal amount of 5.250% Notes due 2025 and $700 million aggregate principal amount of 5.125% Notes due 2027.
Vinson & Elkins is counsel to JPMorgan Chase Bank, N.A. in connection with Denbury Resources Inc.’s restructuring and prepackaged voluntary chapter 11 bankruptcy cases filed in the U.S. Bankruptcy Court for the Southern District of Texas.
Vinson & Elkins advised Crestview Partners in connection with its investment in Upwell Water, a San Francisco-based, water-focused specialty finance company.
Vinson & Elkins advised Noble Energy, Inc. in a definitive agreement with Chevron Corporation under which Chevron will acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
V&E represented global energy trader Vitol Group in connection with the establishment of Vencer Energy, a new U.S. venture to produce oil and gas. It is Vitol’s first foray into the upstream business in the United States.
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.
Vinson & Elkins is advising California Resources Corporation (“CRC” or “the Company”) as Texas co-counsel in connection with its Chapter 11 bankruptcy filing in the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
Alongside the firm’s 134 summer associates, Vinson & Elkins welcomed two Sponsorship for Educational Opportunity (SEO) pre-law interns to the 2020 Summer Associate Program – Konadu Amoakuh and Virginia Thomas, who will both be attending law school in the fall.
Vinson & Elkins advised Enviva Partners, LP in a tack-on private placement to eligible purchasers of $150.0 million in aggregate principal amount of 6.5% senior unsecured notes due 2026 at an offering price of 103.75% of the principal amount, which implies an effective yield to worst of approximately 5.3%. The offering closed on July 15, 2020.