On December 22, 2009, Korea National Oil Corporation completed its $4.1-billion (enterprise value) acquisition of Harvest Energy Trust by way of a plan of arrangement.
Concurrent with closing of the arrangement, Harvest Operations Corp. repaid approximately $600 million of existing bank indebtedness and entered into an amended $600-million credit facility with a syndicate of lenders.
Korea National Oil Corporation was represented by Bennett Jones LLP with a team led by Jean-Pierre Pham (oil and gas, M&A) and Donald Greenfield (Investment Canada, M&A), which included David Spencer and Colin Perry (securities, M&A); Alan Rautenberg (tax); John Batzel (employment); Denise Bright (banking); Bradley Gilmour (environmental) and Anthony Friend (litigation). Vinson & Elkins LLP was US counsel to Korea National Oil Corp. on US securities issues.
Harvest Energy Trust was represented by Burnet, Duckworth & Palmer LLP with a team that included Grant Zawalsky, Keith Greenfield and Edward Brown (securities, M&A); John Cuthbertson, Mark Houston and Alicia Quesnel (oil and gas); John Wilmot (banking); Jody Wivcharuk (Investment Canada); Daniel McDonald and Jeff Sharpe (litigation); Jeff Fortin and Kirk Lamb (tax) and Gina Ross (employment). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Harvest Energy Trust.
Concurrent with closing of the arrangement, Harvest Operations Corp. repaid approximately $600 million of existing bank indebtedness and entered into an amended $600-million credit facility with a syndicate of lenders.
Korea National Oil Corporation was represented by Bennett Jones LLP with a team led by Jean-Pierre Pham (oil and gas, M&A) and Donald Greenfield (Investment Canada, M&A), which included David Spencer and Colin Perry (securities, M&A); Alan Rautenberg (tax); John Batzel (employment); Denise Bright (banking); Bradley Gilmour (environmental) and Anthony Friend (litigation). Vinson & Elkins LLP was US counsel to Korea National Oil Corp. on US securities issues.
Harvest Energy Trust was represented by Burnet, Duckworth & Palmer LLP with a team that included Grant Zawalsky, Keith Greenfield and Edward Brown (securities, M&A); John Cuthbertson, Mark Houston and Alicia Quesnel (oil and gas); John Wilmot (banking); Jody Wivcharuk (Investment Canada); Daniel McDonald and Jeff Sharpe (litigation); Jeff Fortin and Kirk Lamb (tax) and Gina Ross (employment). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Harvest Energy Trust.
Lawyer(s)
Colin R. Perry
Jeff Fortin
Alicia K. Quesnel
Jean-Pierre Pham
Anthony L. Friend
Jody L. Wivcharuk
Mark T. Houston
David A. Spencer
Donald E. Greenfield
Bradley S. Gilmour
L. Alan Rautenberg
John A. Wilmot
Denise D. Bright
Daniel J. McDonald
John C. Batzel
John H. Cuthbertson
Gina A. Ross
Jeffrey E. Sharpe
Grant A. Zawalsky
Keith A. Greenfield
Kirk Lamb
Edward (Ted) Brown
Firm(s)
Bennett Jones LLP
Vinson & Elkins LLP
Burnet, Duckworth & Palmer LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP