The Energy & Minerals Group’s $172.5 Million Senior Secured Term Loan

Sidley Austin LLP represented The Energy & Minerals Group (EMG) in connection with a US$172.5 million senior secured term loan facility for EMG Utica, LLC.

The term loan facility was arranged by Credit Suisse.

EMG is the management company for a series of specialized private equity funds. The firm, founded in 2006, focuses on investing across various facets of the global natural resource industry, including the upstream and midstream segments of the energy complex. As of December 1, 2019, EMG has approximately US$13 billion of regulatory assets under management and approximately US$11 billion in commitments have been allocated across the energy sector since inception.

EMG Utica, LLC, owns a joint venture interest in MarkWest Utica EMG, L.L.C., a joint venture between The Energy & Minerals Group and MarkWest Energy Partners, L.P., a subsidiary of MPLX LP.

The Sidley team representing EMG was led by Houston energy finance partners Herschel Hamner (Picture) and Robert Stephens, with support from Matthew Walker, Priscilla Arthus and Tiffany Van.

Involved fees earner: Priscilla Arthus – Sidley Austin LLP; Herschel Hamner III – Sidley Austin LLP; Robert Stephens – Sidley Austin LLP; Tiffany Van – Sidley Austin LLP; Matthew Walker – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: The Energy & Minerals Group, LP;

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Author: Ambrogio Visconti