We advised an ad hoc group of lenders on the transaction

Davis Polk advised an ad hoc group of lenders in connection with the refinancing of consenting lenders’ term loans and revolving loans under EPIC Y-Grade’s existing credit agreement into new senior secured credit facilities with extended maturity dates, increased pricing and modifications to EPIC’s existing covenant package.

EPIC specializes in building and operating midstream infrastructure in both the Permian and Eagle Ford basins. The existing credit facilities were put in place in 2018 in connection with the construction and operation of a pipeline in Texas.

The Davis Polk restructuring team included partner Darren S. Klein, counsel Jon Finelli and associate Stephen D. Piraino. The finance team included partner Joseph P. Hadley. The tax team included counsel Leslie J. Altus and associate Bree Gong. The real estate team included counsel Susan D. Kennedy and associate Kimberly (KyungEun) Won. All members of the Davis Polk team are based in the New York office.

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