T&K Attorneys Mentioned in Texas Lawbook on Lilis Energy Transaction

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February 06, 2018

“Corp. Deal Tracker Weekly Round-Up: 13 Firms and 100 Texas Lawyers Work on 16 Transactions Worth $8.6B”

A sale of assets off the coast of Israel, a light mix of public offerings and a broad mix of transactions all highlighted the move into February by Texas dealmakers, with 13 firms and 100 attorneys working on 16 transactions last week worth $8.6 billion.

Deal count was up by five transactions versus the previous week’s 11. But the deal value was down by 31.7 percent over last week’s $12.6 billion, even with a large notes issue that closed in October but whose lawyers weren’t revealed until last week.

On the oil and gas front, there were asset sales, more initial public offering filings (with one making it to market), a joint venture formation and a partial unwinding of another one, private equity activity and a notes offering. There were also deals in the steel, banking, technology, culinary arts and nuclear waste industries. The deals are below.

…Thompson & Knight and Bracewell counseled San Antonio-based Lilis on the acquisition, which involved $40 million in cash and $30 million in stock. Bracewell also represented Lilis on the preferred stock transaction as well as a new three-year, $50 million first-lien term loan provided by Riverstone Credit Partners.

Leading the team from Thompson & Knight was partner Cole Bredthauer, who offices out of Fort Worth and Dallas.