$150 Million Secured Multiple Advance Term Loan Facility - Offshore Oil and Gas Field
Haynes and Boone Team:
Vilardo, Joseph A.
, Little, Judithe H.
, Corporate and Business Financings
, Energy Finance
Represented an independent oil and gas exploration and production company in the negotiation, documentation and closing of a $150 million secured multiple advance term loan facility from a joint interest owner to fund development costs for a major offshore oil and gas field, which credit facility was non-recourse to the company as to repayment of principal and interest.