Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 18-07-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | Paragon Offshore plc Revolving Credit and Term Loan Facilities | Industry: | Oil Equipment, Services & Distribution |
| Description: |
The Firm represented JP Morgan Securities LLC, Deutsche Bank Securities Inc., other lead arrangers, JP Morgan Chase Bank, N.A., and other lenders in connection with a new USD800 million senior secured revolving credit facility and a new USD650 million senior secured term loan facility for Paragon Offshore plc.
Paragon Offshore plc is a pure-play global provider of standard specification offshore drilling rigs. Its drilling fleet consists solely of standard specification rigs and includes 34 jackups and eight floaters (five drillships and three semisubmersibles). Its primary business is to contract its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world.
The Simpson Thacher team included Andy Keller, Art Robinson, David Azarkh and Katharine Thompson (Capital Markets); Robert Rabalais, Richard Sitton and Roald Nashi (Credit); Rob Holo and Devin Heckman (Tax); David Rubinsky and Douglas Tang (Executive Compensation and Employee Benefits); Tim Mulvihill (Environmental); and Jennie Getsin (Blue Sky).
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Lender | Law Firm | Simpson Thacher |
| Borrower | United States | Lender | United States |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Arthur D Robinson |
