Rockpoint Gas Storage, an owner and operator of natural gas storage in North America, closed a US$1.25 billion term loan B. Proceeds will be used to recapitalize and pay existing debt.
Latham & Watkins LLP represents Rockpoint in the transaction with a finance team led by Washington, D.C. partner Katherine Putnam, with associates Ashley Rose, Rychelle Andersen, Jake Goodman, Matt Bargamin, and Tim Crump. Advice was provided on M&A matters by New York partner David Allinson, with associate Danny Nordstrom; on tax matters by New York partner Aaron Bernstein, with associate Farrah Yan; on ERISA matters by Washington, D.C. partner David Della Rocca, with associate Marysia Mullen; on hedging and derivatives matters by New York partner Yvette Valdez, with associate Tiiu Lemsalu; on capital markets matters by Washington, D.C. counsel Christopher Cronin; on IP, data, and technology matters by Washington, D.C. partner Morgan Brubaker; and on intercreditor matters by New York partner Brian Rock.
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