Vinson & Elkins has been named Energy & Projects Law Firm of the Year by Chambers USA. The Chambers editors noted V&E’s strategic growth also played a part in winning the award. In February, the firm enhanced its Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team.
Vinson & Elkins advised the banks in connection with the committed financing package for the acquisition by New Fortress Energy Inc. of Hygo Energy Transition Ltd. and Golar LNG Partners LP. The financing consisted of an offering of $1.5 billion aggregate principal amount of senior secured notes due 2026 and a $200 million revolving credit facility.
Vinson & Elkins advised Hygo Energy Transition Ltd. (“Hygo”) in connection with a definitive agreement for New Fortress Energy Inc. to acquire Hygo, a 50-50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners and Golar LNG Partners, LP. The transaction is valued at a $3.1 billion enterprise value and a $2.18 billion equity value.
Vinson & Elkins has been named “Energy, Power and Utilities Law Firm of the Year” as part of The 2018 Deal Awards, recognizing the advisors and service providers who “power the deal economy.”