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Troutman Sanders Advises Tullow Oil plc on £607 Million Rights Issue

05.04.17

ATLANTA, May 4, 2017 -- Troutman Sanders LLP announced today that it advised UK-based Tullow Oil plc (Tullow), a multinational oil and gas exploration and production company with a focus on Africa, in its £607 million ($750 million) rights issue that fully closed on April 27, 2017.

The rights issue was fully underwritten by Barclays Bank PLC and J.P. Morgan Securities plc, acting as joint global coordinators, joint sponsors and joint bookrunners, Morgan Stanley acting as joint bookrunner, and BNP Paribas, Crédit Agricole CIB and Société Générale acting as co-bookrunners.

Troutman corporate partner Thomas Rose led the team advising Tullow on behalf of Troutman along with the following other attorneys: Lisa Raines (corporate), Shona Smith (corporate), Cot Eversole (corporate), Nicole Edmonds (corporate), Mark Goldsmith (tax), Dave Meyers (corporate), Shari Brown (FCPA), Elizabeth Barwick (corporate), Michael DelGaudio (corporate), Daniel Howell (corporate), Kristen O’Connor (corporate), Hollister Hill (environmental), Maria Houser (environmental) and Hahnah Williams (environmental).

About Troutman Sanders

Troutman Sanders LLP is an international law firm with more than 650 lawyers in 16 offices located throughout North America and Asia. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate, Energy and Industry Regulation, Finance, Litigation and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing virtually every sector and industry. See troutmansanders.com for more information.

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