Signal Peak Silica’s Acquisition of Preferred Sands’ in-basin production assets

Paul, Weiss advised Preferred Sands, a leading producer of sand and resin coated proppants, in connection with a comprehensive restructuring transaction that included the restructuring of the Company’s indebtedness of more than $1.5 billion.

The Paul, Weiss team led a successful out-of-court restructuring effort that required the support of 100% of the holders of the Company’s funded indebtedness, issued by the Company’s two credit silos. The restructuring also included the carve out of certain of Preferred Sands’ in-basin production assets into a new entity, Signal Peak Silica, LLC, and the robust recapitalization of both entities.

The Paul, Weiss team includes corporate partners Jeffrey Marell (Picture), Thomas de la Bastide, John Kennedy and Robert Zochowski and counsel Bruce Gruder; bankruptcy partners Alice Eaton, Brian Hermann and Paul Basta and counsel Claudia Tobler and Diane Meyers; tax partners Brian Grieve and Scott Sontag; real estate partner Peter Fisch; litigation partners Jacqueline Rubin, Jeffrey Recher and Andrew Gordon and counsel Robert Kravitz; employee benefits partner Lawrence Witdorchic and counsel Uri Horowitz; intellectual property partner Claudine Meredith-Goujon; and antitrust counsel Marta Kelly.

Involved fees earner: Paul Basta – Paul Weiss Rifkind Wharton & Garrison; Alice Belisle Eaton – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gordon – Paul Weiss Rifkind Wharton & Garrison; Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; Bruce Gruder – Paul Weiss Rifkind Wharton & Garrison; Brian Hermann – Paul Weiss Rifkind Wharton & Garrison; Uri Horowitz – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Robert Kravitz – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Diane Meyers – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Recher – Paul Weiss Rifkind Wharton & Garrison; Jacqueline Rubin – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Claudia Tobler – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Robert Zochowski – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Preferred Sands, Inc.;