Sidley represented certain financial institutions in connection with Sable Offshore Corp.’s (NYSE: SOC) senior secured Term Loan B credit facility, which provided US$675 million in aggregate principal amount of term loans to refinance the company’s senior secured term loan with Exxon Mobil Corporation (NYSE: XOM), pay fees and expenses related to the financing transactions, and fund general corporate purposes.
The Sidley team was co-led by Mahalia Doughty, Robert Stephens and Herschel Hamner, with assistance from Andrew Deas and Emily Eng (all Energy & Infrastructure). The team also included members of Sidley’s Regulatory and Litigation practices.
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