Deal Snapshot
FIELDWOOD ENERGY CLOSES ACQUISITION OF NOBLE ENERGY´S DEEPWATER ASSETS
Monday 16 April 2018

US-based Fieldwood Energy LLC has closed its acquisition of all of Noble Energy, Inc.'s (NYSE: NBL) deepwater oil and gas assets located in the Gulf of Mexico, the company said.
The acquisition was a key component of Fieldwood's restructuring and recapitalisation plan, which was confirmed last week by the Bankruptcy Court for the Southern District of Texas. Through the prepackaged plan, Fieldwood raised USD 525m of capital which was used to fund the acquisition and provide general working capital, while reducing its debt levels by USD 1.6bn and eliminating USD 134m in annual cash interest.


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Details
Date Published: 16/04/2018
Target: Noble Energy/ deepwater oil and gas assets located in the,  Gulf of Mexico
Country: USA
Deal Size: 700m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: LBO
Financing: Cash
Status: Closed
Vendor: Noble Energy
Buyer: Fieldwood Energy
Buyer Advisor: Weil, Gotshal and Manges , Evercore Group , Opportune
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