Paul Hastings Represents Banks in Financing Apollo’s $2.2 Billion Acquisition of Encana’s Bighorn Assets

September 30, 2014

New York, NY- Paul Hastings LLP, a leading global law firm, announced today that the firm represented the banks on the financing of the acquisition of Encana’s Bighorn assets by Jupiter Resources Inc., a portfolio company of Apollo Group Management.

The firm represented The Toronto-Dominion Bank, as administrative agent, Credit Suisse Securities (USA) LLC, TD Securities (USA) LLC, RBC Capital Markets, Barclays Bank PLC, Goldman Sachs Lending Partners, LLC, UBS Securities LLC, Deutsche Bank Securities Inc. and Nomura Securities International, Inc., as joint bookrunners and joint lead arrangers in connection with the reserve-based credit facility, with an initial borrowing base of C$550 million for Jupiter Resources Inc. In addition, Paul Hastings represented the initial purchasers with respect to a $1.1 billion offering of 8.5% senior notes due 2022 of Jupiter Resources Inc. that closed into escrow September 18, 2014, the proceeds of which were also used to finance the acquisition.

Leveraged Finance partners Richard Farley, Leslie Plaskon, Michael Baker and Jeffrey Pellegrino led the Paul Hastings team, which also included of counsel Sanjay Thapar and associates Jason Ewart, Julie Park, Tahira Prince, Yian Huang and Cecilia Wang.

In Thomson Reuters’ First Half 2014 League Table the firm ranked second in “U.S. Lender Law Firm Bookrunner M&A.” Paul Hastings advised on numerous significant finance transactions in the first half of 2014 including: representing the lenders in the $1.65 billion financing for the acquisition of a majority stake in Royal DSM NV’s pharmaceuticals business by JLL Partners (“JLL”) through Patheon Inc.; representing the lenders in the $1.3 billion financing of Apollo Global Management’s acquisition of CEC Entertainment, Inc.; advising the lenders in the $1.6 billion financing for Media General Inc.’s acquisition of Lin Media LLC; and representing the lenders in the $1.1 billion financing for Accellent Inc.’s acquisition of Lake Region Medical Inc.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.