IFLR1000

WPX Energy $2.25 billion financing

31/7/2015
Acquisition finance
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$ 2.25 billion

Completed

31/7/2015

Overview:

  • WPX Energy has obtained $2.25 billion in financing in relation to its acquisition of RKI Exploration & Production.
  • The financing consisted of a $2 billion bridge loan and $250 million in incremental facilities.
  • Barclays Bank provided the bridge loan.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Acquisition finance

Practice area:

Banking

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Simpson Thacher & Bartlett

Party: Barclays Bank (Lender)

Lawyer: Ken Wallach

Weil Gotshal & Manges

Party: WPX Energy (Borrower)

Lawyer: Courtney Marcus

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