Latham Advises ArcLight in its Acquisition and Financing of a 25% Interest in the Gulf Coast Express Pipeline

ArcLight Capital Partners, LLC and affiliates (collectively, “ArcLight”) announced that it has completed the acquisition and related financing of a wholly-owned subsidiary of Targa Resources Corp. (NYSE: TRGP) that owns a 25% equity interest in Gulf Coast Express Pipeline for US$857 million.

Latham & Watkins LLP represents ArcLight in the transaction with a corporate team led by partners Chris Cross and Justin Stolte, with associates Julian Azran, Denny Lee, Omar Shariff, and Haley Sandoval. The finance team was led by partner Warren Lilien, with associates Cameron Lyons, Dominika Kovacicova, and Jessica Lietz. Advice was also provided on tax matters by partner Katharine Moir, with associate Alexander Farris; on regulatory matters by partner Patrick Nevins; on environmental matters by partner James Barrett and counsel Josh Marnitz; on benefits and compensation matters by partner Brad Williamson, with associate Alisa Hand; on real estate matters by partner Robert Frances; and on antitrust matters by partner Jason Cruise.