PureWest Funding’s $600 Million Notes Offering

Weil, Gotshal & Manges advised Guggenheim Securities, as initial purchaser and placement agent, in the offering.

PureWest Funding LLC, backed by certain producing natural gas assets of PureWest Energy, LLC, a natural gas producer in Wyoming, executed the $600 million issuance of 144A/Reg S and privately placed notes. This is the first-ever 144A securitization of upstream oil and natural gas assets.

PureWest Energy is an independent natural gas company focused on development in the U.S. Rockies with current operations in the Pinedale Anticline and Jonah Field in Southwest Wyoming.

The Weil team that advised Guggenheim was led by Global Structured Finance & Derivatives Co-Head Frank P. Nocco (Picture) and included Structured Finance & Derivatives associate Matthew Nemeth. The team also included Energy, Oil & Gas partners Rodney Moore, Jeff Malonson and Samuel Peca; Energy, Oil & Gas associate Scott Bailey; Restructuring partner Jacqueline Marcus; Tax partner Daniel Nicholas; Executive Compensation & Benefits partner Sarah Downie; and Real Estate attorney Leslie Smith.

Involved fees earner: Scott Bailey – Weil, Gotshal & Manges; Sarah Downie – Weil, Gotshal & Manges; Jeff Malonson – Weil, Gotshal & Manges; Jacqueline Marcus – Weil, Gotshal & Manges; Rodney Moore – Weil, Gotshal & Manges; Matthew Nemeth – Weil, Gotshal & Manges; Daniel Nicholas – Weil, Gotshal & Manges; Frank Nocco – Weil, Gotshal & Manges; Samuel Peca – Weil, Gotshal & Manges; Leslie Smith – Weil, Gotshal & Manges;

Law Firms: Weil, Gotshal & Manges;

Clients: Guggenheim Securities;