Ashurst advises EnQuest on US$750 million borrowing base debt facility

Global law firm Ashurst has advised EnQuest PLC (together with its subsidiaries, ‘EnQuest’), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges, on a new senior secured borrowing base debt facility.

The new facility, arranged by BNP Paribas and DNB (UK) Limited, will enable EnQuest to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle Area Development.

The Ashurst team was led by energy financing partner Huw Thomas, supported by partner Adrian Lawrence and assisted by senior associates Harriet Gray and Grahame Fischer and associate Ben Pearson. Hedging advice was provided by global markets partner Kerion Ball and associate Jean Tan, and associate Shayaan Zaraq Bari advised on tax matters. The Ashurst team worked closely with EnQuest Commercial and Legal Director Stefan Ricketts and Senior Lawyer Dawood Ahmed.

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