Athabasca Oil Corporation’s $350 Million Senior Secured Notes Financing

Latham & Watkins represented the initial purchasers in the transaction. Norton Rose Fulbright Canada served as legal advisor to Athabasca.

Athabasca Oil Corporation (TSX: ATH) has closed the issuance of US$350 million of Senior Secured Notes.

Goldman Sachs acted as lead active bookrunner to Athabasca in connection with the New Notes offering. 

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. 

Latham & Watkins represented the initial purchasers in the transaction with a corporate deal team led by Houston/Austin partner Michael Chambers (Picture) and Houston partner Trevor Lavelle, with Houston associates Om Pandya, Michael Pascual, Anthony Tan, and Anji Yuan. Advice was also provided on tax matters by Houston partner Jim Cole, with Houston associate Michael Rowe; and on environmental matters by Los Angeles counsel Josh Marnitz.

Involved fees earner: Michael Chambers – Latham & Watkins; Jim Cole – Latham & Watkins; Trevor Lavelle – Latham & Watkins; Joshua Marnitz – Latham & Watkins; Om Pandya – Latham & Watkins; Michael Pascual – Latham & Watkins; Michael Rowe – Latham & Watkins; Anthony Tan – Latham & Watkins; Anji Yuan – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Goldman Sachs & Co.;