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Haynes and Boone's William Nelson in The AmLaw Daily: Firms Power Up On Big Energy Deals
It's smokin' out there.
That's what lawyers at a half-dozen of the largest energy transactional firms tell The Am Law Daily. With roughly a dozen billion-plus energy-related deals announced in just the past month and a half, including deals involving oil and gas, power, and oil services companies, many firms are seeing their energy-linked M&A and capital markets practices suddenly firing on all eight cylinders ...
Many lawyers say they expect the frenetic deal pace to continue for the next six to nine months, as long as commodity prices hold steady. And because debt covenants are often triggered by corporate change of control, notes Haynes and Boone corporate partner William Nelson
, deals now are likely to spin off more legal work down the line, when acquirors must return to capital markets to refinance the debt they took on in the spate of acquisitions.This article excerpted from The AmLaw Daily. For full text, click here