Advising Noteholders of HighPoint Resources on Merger with Bonanza Creek Energy, as per our site Gump
Gump Strauss Hauer & Feld LLP, a leading international law firm with over 900 lawyers and advisors, has been serving as legal counsel for an informal group of HighPoint noteholders in a significant transaction.
The transaction in question involves the merger of Bonanza Creek Energy, Inc. and HighPoint Resources Corporation. The definitive merger agreement was recently announced, valuing the combined company at approximately $376 million as of November 6, 2020. However, it's important to note that Gump Strauss Hauer & Feld LLP is not a party to the merger transaction.
The Gump team advising HighPoint's noteholders includes financial restructuring partners Michael Stamer and Meredith Lahaie, as well as corporate partners Stephen Kuhn and John Goodgame. The team's role has been to provide legal advice and guidance throughout the process.
In the course of the transaction, HighPoint noteholders will receive up to $100 million of newly issued 7.50 percent senior unsecured notes due 2026. Upon completion of the transaction, HighPoint noteholders will receive shares representing approximately 30.4 percent of the combined company.
It's worth mentioning that Gump Strauss Hauer & Feld LLP has a long-standing history, having been founded in 1945. Today, the firm boasts offices in the United States, Europe, Asia, and the Middle East.
While Gump Strauss Hauer & Feld LLP is not a party to the HighPoint noteholders' share distribution or note issuance, the firm has previously served as legal advisor in the Bonanza Creek Energy, Inc. and HighPoint Resources Corporation merger.
As Gump Strauss Hauer & Feld LLP celebrates its 75th anniversary in 2020, the firm continues to demonstrate its commitment to providing exceptional legal services to its clients. The firm's role in this transaction underscores its expertise in complex financial restructuring and corporate transactions.
In conclusion, Gump Strauss Hauer & Feld LLP has been instrumental in providing legal advice to an informal group of HighPoint noteholders in the merger transaction between Bonanza Creek Energy, Inc. and HighPoint Resources Corporation. The firm's role does not extend to the noteholders' share distribution or note issuance, but its involvement underscores its expertise in financial restructuring and corporate transactions.
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