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Legal News

Cahill Represents Energy Partners, LTD. In Connection With High-Yield and Bank Financings to Finance Equity Self-Tender and Debt Tender Offers

Date: 04/23/07

Cahill represented Energy Partners, Ltd. (NYSE: EPL) in offerings of $450 million aggregate principal amount of Senior Unsecured Notes, consisting of $300 million aggregate principal amount of 9 3/4 Senior Notes due 2014 and $150 million aggregate principal amount of Senior Floating Rate Notes. The proceeds were used to fund a self-tender offer for 22% of its common stock, to repurchase its outstanding senior notes pursuant to a debt tender and consent solicitation, and to refinance outstanding amounts under its existing credit facility.

Cahill also represented EPL as Borrower in its $300 million Revolving Credit Facility with an initial availability of $225 million and a borrowing base of $200 million, which replaced its existing credit facility.