Kirby Swartz

Kinetik Holdings Inc. (NASDAQ: KNTK) has announced that its subsidiary, Kinetik Holdings LP, has priced its previously announced offering of US$1 billion of 5.875% sustainability-linked senior notes due 2030. The interest rate on the notes is linked to Kinetik’s performance against sustainability performance targets related to greenhouse gas and methane emissions reduction targets and the representation of women in corporate officer positions. Latham & Watkins LLP represents the initial purchasers in the transaction with a deal team led by Houston partner Trevor Lavelle, with Houston associates Om Pandya, Ziyad Barghouthy, Jacob Weiner, Janhavi Das, and Brian Bruzzo. Advice was also provided on finance matters by Houston partner Pamela Kellet, with Houston associates Brian Flynn and Kirby Swartz; on tax matters by Houston partner Tim Fenn, with Houston associates Christine Mainguy and Dominick Constantino; and on environmental matters by Los Angeles counsel Josh Marnitz.~~

Jun 2

1 min

Diamond Foreign Asset Company and Diamond Finance, LLC, wholly owned subsidiaries of Diamond Offshore Drilling, Inc., priced their upsized offering of US$550 million aggregate principal amount of 8.500% Senior Secured Second Lien Notes due 2030. Latham & Watkins LLP represents the initial purchasers in the transaction with a corporate deal team led by Houston partner Ryan Maierson and Austin partner David Miller, with associates Om Pandya, Zainab Hashmi, Wole Oluborode, Natasha Kalaouze, and Dalyn Dessaure. Advice was also provided on finance matters by Houston partner Pamela Kellet, with associate Kirby Swartz; on tax matters by Houston partner Jim Cole, with associate Dylan White; on executive compensation, employment, and benefits matters by Houston counsel Krisa Benskin; on environmental matters by Houston/Los Angeles partner Joshua Marnitz; and on sanctions matters by Washington, D.C. partner Eric Volkman, with associate Julie Shin*. *Only admitted to practice in the District of Columbia~~

Sep 13

1 min

Kirkland & Ellis counseled Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) on closing on an asset backed securitization (ABS) refinancing, creating the ABSVIII note. Diversified will use the proceeds from the transaction to repay the outstanding principal of the previously issued ABSIII and ABSV notes, retiring those notes from the company's outstanding debt. The additional proceeds from the transaction will be used to reduce outstanding borrowings under the company's revolving credit facility and for general corporate purposes. Read Diversified press release The Kirkland team was led by corporate associates Isaac Bate and Rizwan Popatia with assistance from corporate partners John Kaercher and Chris Heasley; asset finance & securitization partners Jeff O’Connor and Rudgee Charles; debt finance partners Lucas Spivey and Michelle Williamson and associate Kirby Swartz; derivatives partner Brett Ackerman; and tax partners David Wheat and Tom Evans and associate David Gilbert. Diversified’s in-house counsel Ben Sullivan and Jamie Adkins led the entire legal effort.

Jun 3

1 min

Enlight Renewable Energy (Enlight), a global renewable energy platform, has announced the pricing of its initial public offering of 14,000,000 ordinary shares at a price to the public of US$18.00 per share. In addition, Enlight has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions. The ordinary shares began trading on the Nasdaq Global Select Market on Friday, February 10, 2023 under the ticker symbol “ENLT.” Enlight’s ordinary shares currently trade on the Tel Aviv Stock Exchange under the symbol “ENLT.” The offering is expected to close on February 14, 2023, subject to the satisfaction of customary closing conditions. Latham & Watkins LLP represented Enlight in the offering with a corporate team led by London partner Joshua Kiernan and Houston partner Ryan Lynch, with associates Gilad Zohari, Adam Deutsch, and Kirby Swartz. Advice was also provided on project finance and regulatory matters by London partners Paul Davies, Simon Tysoe, and JP Sweny, Washington, D.C. partner Tyler Brown, London counsel Michael Green, and Los Angeles/Houston counsel Joshua Marnitz, with associate Vanessa McLellan; on tax matters by New York partner Elena Romanova, with associate Michael Yu; on tax equity matters by New York partner Eli Katz and Washington, D.C. counsel Isaac Maron; on FINRA/NASDAQ matters by New York counsel Gail Neely; on compliance matters by London partner Nate Seltzer and Washington, D.C. partner Eric Volkman, with associates Chris Ting and Elizabeth Annis; on corporate governance matters by New York counsel Irina Yevmenenko; and on cybersecurity and privacy matters by Washington, D.C. partner Tony Kim.~~

Feb 10

1 min

Anvil Channel Energy Solutions has announced the final close of a USD$51.35 million senior secured term loan facility to ROK Resources, Inc., supporting the acquisition of producing oil and gas assets, primarily in Saskatchewan and Alberta, Canada from Federated Co-operatives Limited. Total consideration paid for the acquisition was approximately CAD$72 million; Anvil’s loan facility was sized at USD-equivalent to CAD$65 million. Latham & Watkins LLP represents Anvil Channel Energy Solutions in the transaction with a finance team led by Houston partner Catherine Ozdogan, with Houston associate Benjamin Gelfand, Austin associate Erin Cusenbary and Houston associate Kirby Swartz. Advice was also provided on corporate matters by Houston associate Alice Parker; and on tax matters by Houston partner Jim Cole, with Houston associate Dominick Constantino.~~

Mar 10

1 min