One-Page Deal Sheet
Forest Oil Lets Go of TX Panhandle Assets
Templar Energy LLC Forest Oil Corp.
Announced Date
October 03,2013
Effective Date
October 01,2013
Close Date
November 25,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
944
Location
Region
Mid-Continent
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 25, 2013
Templar Energy LLC and its wholly owned operating subsidiary, Le Norman Operating LLC, and its joint venture partner Le Norman Fund I LLC, announce the closing of the acquisition of Texas Panhandle Assets from Forest Oil Corporation.
The Company financed the acquisition with a combination of equity from its financial sponsors First Reserve, Trilantic Capital Partners, Cohesive Capital Partners and the Company's management team, and borrowings from its new 1st lien and 2nd lien debt facilities. Le Norman Fund I LLC financed the acquisition with proceeds…
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