Simpson Thacher represented JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent under a prepetition credit facility of HighPoint Resources Corporation.
HighPoint Resources Corporation completed the chapter 11 restructuring, which consummated a merger with Bonanza Creek Energy, Inc., pursuant to a plan of reorganization on April 1, 2021.
The plan of reorganization provided the lenders under the HighPoint credit facility with payment in full or novations of all outstanding obligations on the effective date.
HighPoint Resources Corporation (NYSE: HPR) is a Denver, Colorado based company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado. Bonanza Creek Energy, Inc. (NYSE: BCEI) is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of oil and associated liquids-rich natural gas in the Rocky Mountain region of the United States.
The Simpson Thacher team included Erland Modesto (Picture) and Brandon Barton (Banking and Credit); and Sandy Qusba and Dov Gottlieb (Restructuring).
Law Firms: Simpson Thacher & Bartlett;
Clients: JP Morgan Chase & Co.;