FS Energy and Power Fund’s $500 Million Notes Offering

Cahill represented the initial purchasers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 7.500% senior secured notes due 2023 by FS Energy and Power Fund. Cahill also represented the lead arrangers in connection with a $390,000,000 revolving credit facility and a $195,000,000 term loan facility for FS Energy and Power Fund, a business development company.

JPMorgan Chase Bank N.A., SG Americas Securities, LLC, and BMO Capital Markets are the joint lead arrangers and joint bookrunners for the new credit facilities.

FSEP is a publicly registered, non-traded business development company sponsored by FS Investments. FSEP focuses primarily on investing in the debt and income-oriented equity securities of privately held U.S. companies in the energy and power industry.

Cahill advised with a team including Corey Wright (Picture), Abdirashid M. Ahmed, Arielle Bardzell, Christopher Bevan, Donna M. Bryan, Jeremy M. Exelbert, Kelly E. Gelfand Egersm, Alexander Haberman and Rebecca Rosen-Sheff

Involved fees earner: Corey Wright – Cahill Gordon & Reindel; Abdirashid Ahmed – Cahill Gordon & Reindel; Arielle Bardzell – Cahill Gordon & Reindel; Christopher Bevan – Cahill Gordon & Reindel; Donna Bryan – Cahill Gordon & Reindel; Jeremy Exelbert – Cahill Gordon & Reindel; Kelly Gelfand Egers – Cahill Gordon & Reindel; Alexander Haberman – Cahill Gordon & Reindel; Rebecca Rosen-Sheff – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: SG Americas Securities LLC; JPMorgan Chase & Co.; BMO Capital Markets;

Author: Ambrogio Visconti