Simpson Thacher represented JPMorgan as a lead arranger and administrative agent in connection with a new $5 billion senior secured revolving credit facility for Anadarko Petroleum Corporation (“APC”), which replaced APC’s existing $1.3 billion unsecured revolving facility. The credit facility became effective in early September.
Anadarko is one of the world’s largest independent oil and natural gas exploration and production companies. The Company expects to use the proceeds to finance working capital and liquidity needs and for general corporate purposes.
Simpson Thacher previously represented J.P. Morgan Securities Inc., Barclays Capital Inc. and the other underwriters in Anadarko Petroleum Corporation’s offering of $2.0 billion of 6.375% Senior Notes due 2017, which closed on August 12, 2010.
The Simpson Thacher team included Alan Brenner, Kathrine McLendon, Erik Hepler, Jonathan Pall, Brett Pearlman, Julia Kohen and Bianca Bowen (Banking and Credit); Gary Sellers, John Ericson, Robert Laplante, Julia Gaffin, Jonathan Ozner and former summer associate Joshua Polster (Capital Markets and Securities); Adeeb Fadil (Environmental); Alvin Brown, Paula Han and Stephanie Mash (Executive Compensation and Employee Benefits); Mardi Merjian and Beatie Branch (Real Estate); Jonathan Goldstein and Amie Broder (Tax); Devin Ryan (Litigation); and Jennie Getsin (FINRA). Paralegals Alan Stein and Courtney Schrenko also provided valuable assistance.