Baker Botts L.L.P. represented Sprague in the transaction.
Sprague Resources LP (NYSE: SRLP), the parent company of Sprague Operating Resources LLC and Kildair Service ULC, announced the signing of a second amended and restated senior secured credit agreement with MUFG Bank, LTD, as Administrative Agent, MUFG Bank LTD. and BNP Paribas as Co-Collateral Agents, BNP Paribas, Citizens Bank, N.A., Société Générale, Wells Fargo Bank, N.A. and Coöperatieve Rabobank U.A., New York Branch, as Co-Syndication Agents, ABN AMRO Capital USA LLC and Santander Bank, N.A., as Co-Documentation Agents and MUFG Bank LTD, BNP Paribas, Citizens Bank, N.A., Société Générale, Wells Fargo Securities, LLC and Coöperatieve Rabobank U.A., New York Branch as Joint Lead Arrangers and Joint Bookrunners and financial institutions party thereto.
The Credit Agreement provides for (i) a committed U.S. dollar revolving working capital facility of up to $465.0 million, (ii) an uncommitted U.S. dollar revolving working capital facility of up to $200.0 million, (iii) a multicurrency revolving working capital facility of up to $85.0 million and (iv) a revolving acquisition facility of up to $430.0 million.
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. Sprague also provides storage and handling services for a broad range of materials.
The Baker Botts team was included Robert Wann (Picture), Chad Davis, Taylor Courtade, Keegan Bobholz, Michael Bresson, Scott Langley, Matthew Kuryla, Laura Williams, Gail Stewart, Krisa Benskin, Adorys Velazquez and Lee Davis.
Involved fees earner: Krisa Benskin – Baker Botts; Keegan Bobholz – Baker Botts; Michael Bresson – Baker Botts; Taylor Courtade – Baker Botts; Chad Davis – Baker Botts; Lee Neel Davis – Baker Botts; Matthew Kuryla – Baker Botts; Scott Langley – Baker Botts; Gail Stewart – Baker Botts; Adorys Velazquez – Baker Botts; Robert Wann Jr. – Baker Botts; Laura Williams – Baker Botts;
Law Firms: Baker Botts;
Clients: Sprague Resources LP ;