NEWS
Paul Hastings Represents Atlas Energy Group, LLC in Financing Following Spin-Off in Connection with Targa Merger Transactions
March 03, 2015
New York, NY/ Houston, TX - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Atlas Energy Group, LLC in its financing with Deutsche Bank AG and other lenders in connection with the spin-off transactions contemplated by the mergers of Atlas Energy, L.P. with a subsidiary of Targa Resources Corp. (NYSE: TRGP) and Atlas Pipeline Partners, L.P. with a subsidiary of Targa Resources Partners LP (NYSE: NGLS).
As a result of the spin-off transactions, Atlas Energy Group, LLC is a publicly traded, master limited partnership that holds all of the non-midstream assets formerly held by Atlas Energy, L.P., including the following interests: all of the general partner interest, incentive distribution rights and an approximate 28% limited partner interest in upstream oil & gas subsidiary, Atlas Resource Partners, L.P.; the general partner interests, incentive distribution rights and limited partner interests in its private E&P development subsidiary; and a general partner interest in Lightfoot Capital Partners, an entity that invests directly in energy-related businesses and assets.
Finance partner Lindsay Sparks and Energy partner James Vallee led the Paul Hastings team, which also included Real Estate partner Kenneth Krug, attorney Catherine Patton and associates Kimberly Hicks, Matt Hendrix, Will Mabry, Michael Tran and Daniel Tola.
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.
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Becca Hatton