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The Texas Lawbook

Free Speech, Due Process and Trial by Jury

  • Appellate
  • Bankruptcy
  • Commercial Litigation
  • Corp. Deal Tracker/M&A
  • GCs/Corp. Legal Depts.
  • Firm Management
  • White-Collar/Regulatory
  • Pro Bono/Public Service/D&I

CDT Roundup: 20 Deals, 14 Firms, 268 Lawyers, $17.2B

July 16, 2024 Claire Poole & Allen Pusey

This will be mercifully short.

We’re a little past the halfway post for 2023, so it’s time to do a little accounting. We keep a record in the table below, and on occasion we like to point it out to readers by actually using it. Think of it as our own CDT Roundup database, because that’s pretty much what it is.

Each week we tally the number of deals and their values that we are writing about. These are deals you’ve reported to us, and we thank you for that. So it’s also a reflection of your work as well.

These numbers reflect only those deals that actually appear in the CDT Roundup. The real stuff will come later, but we like to tally what we’ve done over the last six months, and give you as sense of the breadth of our reporting.

In the first 26 weeks of this year we’ve reported on 407 of the deals you’ve shared with us. Those deals were worth an aggregate an aggregate $327 billion ($326.857 billion, to be more exact). We reported on an average of 15.7 deals per week worth $12.6 billion. Of those deals, 295 were M&A or fundings worth more than $222 billion. We reported on 111 capital markets and credit deals valued (somewhat mysteriously) at $111 billion.

The week ending Feb. 10 was the biggest week by volume. The CDT Roundup reported 25 different deals, 19 of them M&A. The biggest by value was the week ending June 1, which saw a dozen deals valued at $34.5 billion. One of those was, of course, the $22.5 billion Conoco acquisition of Marathon Oil, but even without that deal it would have been a pretty good week meeting that $12.6 billion average we mentioned. In fact, 10 of the 26 weeks saw aggregate values over $10 billion. And even when you flush out the capital markets debt transactions, 6 of the 10 weeks were driven by M&A deals.

The point is that this involves a lot of work by lawyers, especially Texas lawyers. And we keep track of that, too. In the 26 weeks of 2024, we cited their names 4,532 times. That’s a lot of hyperlinking.

For the week ending July 13 we saw 20 deals valued at $17.2 billion. Of the 20 deals, 18 were M&A transactions. That’s a significant uptick from the week prior, which saw only 11 deals valued at $3.9 billion. In fairness, that was a holiday week. But that’s still better than the same week a year ago, with 13 deals valued at $8.6 billion.

Weekly Corporate Deal Tracker Roundup Stats

A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)

Week Ending
Deal CountAmountFirmsLawyersM&A CountM&A Value $MCapM Count
CapM Value $M
14-Jun-20259$4788133603$478
07-Jun-202516$26,2101119611$24,7445$1,466
31-May-202519$23,3811116612$18,6657$4,717
24-May-202515$24,0331112113$23,6242$409
17-May-202516$21,7601214511$18,6155$3,145
10-May-202524$33,1751620619$30,7655$2,410
03-May-202511$4,249139011$2,226.52$2,022.5
26-Apr-202512$8,78791689$6,0113$2,776
19-Apr-202511$8,09771389$7,9852$112
12-Apr-202513$2,392815210$2,0653$327
05-Apr-202519$27,7621518816$25,4733$2,289
29-Mar-202521$8,1881025816$4,1255$4,064
22-Mar-202519$6,4851423115$4,1284$2,857
15-Mar-202513$13,7371315110$9,9324$3,805
8-Mar-20257$2,2345665$2242$2,100
1-Mar-202511$3,05087510$2,5501$500
24-Feb-2512$16,39771496$6,6356$9,862
17-Feb-2517$12,1361313410$9,4112$2,725
10-Feb-2514$7,15491799$4,9505$2,204
3-Feb-2516 $10,068720011$7,5535$2,515
25-Jan-2514$10,261101259$2,2075$8,054
18-Jan-2519$7,3821531612$2,3007$5,082
11-Jan-2521$33,5601618716$32,5215$1,039
4-Jan-259$6,8279809$6,82700
21-Dec-2411$2,79811928$2,2293$570
14-Dec-2415$5,3231218612$3,8123$1,511
07-Dec-2416$4,7661023111$2,32152,445
30-Nov-2410$10,29191034$8,2906$2.001
23-Nov-2415$4,5531515311$3,3794$1,174
16-Nov-2417$11,4881124513$10,1864$1,303
09-Nov-2414$2,1101213912$1,4102$700
02-Nov-2412 $52,788 1110711$52,7381$50
26-Oct-248$3,1608657$3,0651$75
19-Oct-2412$5,3041113611$4,5541$750
12-Oct-2417$8,4381215015$8,1162$322
05-Oct-2422$23,1811218915$19,9807$3,201
28-Sep-2411$2,35671447$534$2,303
21-Sep-2412$9,568101695$4,1017$5,467
14-Sep-2424$10,9881223516$7,1758$3,813
7-Sep-2412$20,4201616811$20,3071$112.9
31-Aug-2413$20,631913412$14,7751$5,856
24-Aug-2419$8,4522132516$7,1023$1,350
17-Aug-2425$49,1961630411$39,38614$9,810
10-Aug-2420$12,2641531216$9,7944$2,470
03-Aug-2426$16,4981633418$8,1378$8,361
27-Jul-2419$16,4422127115$13,8384$2,604
20-Jul-2415$16,0161418410$14,2325$1,784
13-Jul-2420$17,220 1426518$7,146 2$10,074
6-Jul-2411$3,941 11958$2,650 3$1,291
29-Jun-2414$6,296 152248$6,296 6$1,927
22-Jun-2412$5,679 81375$210 7$5,469
15-Jun-2413$9,895 1621410$5,280 3$4,615
8-Jun-2419$23,859 1323912$19,436 7$4,423
1-Jun-2412$34,510 111479$26,110 3$8,400
25-May-2413$9,684 1517110$4,434 3$5,250
18-May-2411$5,490 111738$3,129 3$2,361
11-May-2422$14,855 1422716$11,105 6$3,750
4-May-2413$3,139 98710$1,297 3$1,842
27-Apr-2410$6,684 62810$6,684 00
20-Apr-2419$15,989 111479$5,208 10$10,781
13-Apr-2413$8,952 97610$1,652 3$7,300
6-Apr-2423$26,616 1422214$13,501 8$13,116
30-Mar-2412$9,286 81368$4,299 4$4,987
23-Mar-2418$5,451 1726616$4,759 2$692
16-Mar-2421$11,437 1318614$9,316 6$2,070
9-Mar-2423$4,695 2121819$2,723 4$1,972
2-Mar-2420$9,108 1937214$4,558 6$4,550
24-Feb-2419$16,382 1224815$9,507 4$6,875
17-Feb-2416$29,932 1515712$29,216 4$716
10-Feb-2425$10,750 1719619$5,372 6$5,379
3-Feb-2412$8,416 181259$3,416 3$5,000
27-Jan-249$8,165 9878$7,815 1$800
20-Jan-2414$4,084 1210912$3,219 2$865
13-Jan-2417$33,588 1225612$26,765 5$6,823
6-Jan-248$7,915 8846$7,265 2$650
30-Dec-2317$14,599 129915$2,714 2$11,885
23-Dec-2323$4,182 1321916$1,813 7$2,370
16-Dec-2313$16,436 132807$15,150 5$1,286
9-Dec-2326$14,633.90 1724416$8,095 10$6,538.90
2-Dec-2313$6,720 95712$6,630 1$90
25-Nov-239$4,835 91316$1,785 3$3,050
18-Nov-2322$6,568.70 1718414$4,709.20 8$1,859.50
11-Nov-2315$9,825 1317912$6,581 3$3,244
4-Nov-2315$20,582.50 1419312$19,417.50 3$1,165
28-Oct-2318$68,419.10 1815215$66,646 3$1,773.10
21-Oct-2316$6,755.90 1616515$6,755.90 1$3
14-Oct-2314$67,851.20 131259$61,998.50 5$5,852.70
7-Oct-2317$6,595.50 1322816$5,995.50 1$600
30-Sep-2317$1,896.45 1318914$806.45 3$1,090
23-Sep-2323$6,432.70 1723016$1,402.80 7$5,029.90
16-Sep-2325$23,226.70 2335316$17,239 9$5,987.70
9-Sep-2312$6,369 81027$4,311 5$2,058
2-Sep-2314$2,522 69213$1,322 1$1,200
26-Aug-2317$12,160.25 1320215$6,573.25 2$5,587.00
19-Aug-2319$11,505 1321315$11,255 4$250
12-Aug-2319$9,698.80 131847$3,270 12$6,428.80
5-Aug-2313$5,201 1211812$5,051 1$150
29-Jul-2315$21,031.60 1319611$18,292.00 4$2,739.60
22-Jul-2318$3,992 1213013$2,808 5$1,184
15-Jul-2313$8,254.95 138113$8,254.95 00
8-Jul-2316$5,441.45 1217211$2,443 5$2,998.45
1-Jul-2316$6,872 1010512$5,474 4$1,398
24-Jun-2313$10,914 1620110$7,874 3$3,040
17-Jun-2317$5,880.70 1515115$4,705.70 2$1,175
10-Jun-2319$8,516.10 1311116$6,252.40 3$2,263.70
June 3 202312$6,104.42 121388$4,256.92 4$1,847.50
27-May-2317$12,200 106711$6,165 6$6,035
20-May-2311$22,458.10 81034$19,455 7$3,003
13-May-2312$7,034 101018$5,460 4$1,574
6-May-2320$3,297.60 1819617$2,985.60 3$312
29-Apr-2323$3,691.20 1813517$1,969.70 6$1,721.50
22-Apr-2316$5,570 1410414$4,750 2$1,000
15-Apr-2312$23,818.10 95910$21,618.10 2$2,200
8-Apr-2316$7,949 91739$5,472 7$3,477
1-Apr-2321$18,676.70 1217511$10,926.70 10$7,750
25-Mar-2315$8,779.50 101415$2,362 10$6,416.50
18-Mar-237$14,048.80 6695$13,345 2$703.80
11-Mar-2321$11,576 1616516$8,131 5$3,445
4-Mar-2320$9,668 1122816$8,209 4$1,459
25-Feb-2313$5,335 1313012$4,235 1$1,200
18-Feb-2314$5,743.70 131588$898.70 6$4,845
11-Feb-2316$12,088 1213712$9,965 4$2,123
4-Feb-2317$8,066 1514013$5,614 4$2,452
28-Jan-237$2,180 7755$1,692.75 2$488
21-Jan-2317$5,768 1617412$1,918 5$3,850
14-Jan-2311$2, 800101028$421 3$2,400
7-Jan-2318$8,296 1116714$6,461 3$1,835
31-Dec-2214$2,732 119912$2,092 2$640
17-Dec14$7,919 1311512$7,419 1$500
10-Dec-2214$10,093 128811$7,093 3$3,000
3-Dec-2226$12,800.90 1117220$4,141 6$8,659.90
26-Nov-228$2,266.70 853$76 5$2,190.70
19-Nov-2221$2,886 1521219$2,550 2$336
12-Nov-2213$15,093.70 9819$14,200 4$893.70
5-Nov-222519,337.201650922$8,267.20 3$11,070
29-Oct-2215$7,805.30 911614$7,180.30 1$625
22-Oct-2220$8,193.50 1325313$5,442 7$2,751.50
15-Oct-229$3,046.10 91397$2,588.30 2$457.80
8-Oct-2219$2,011.80 1211416$833.80 3$1,178
1-Oct-2223$5,532.90 1615618$4,952.30 5$580.60
24-Sep-2218$5,194 1421615$4,050 3$1,144
17-Sep-2221$8,352.30 1232015$4,759.60 6$3,592.70
10-Sep-2215$19,853.50 1012613$19,403.60 2$450
3-Sep-229$2,312 9629$2,312 00
27-Aug-2216$30,891.70 1013515$30,666.40 1227.7
20-Aug-2212$1,977 815299253$1,052
13-Aug-2218$8,004.70 1124211$2,844.70 7$5,160
6-Aug-2224$7,948.90 1224017$3,577 7$4,371.90
30-Jul-228$6,941 9787$6,839 1$102
23-Jul-2211$801 119210$801 10
16-Jul-2214$3,650 1012214$3,650 00
9-Jul-2210$3,557.70 7689$3,557.70 10
2-Jul-2218$8,609.40 1315215$2,754.40 3$5,855
25-Jun-2215$6,142 131469$2,017 6$4,125
18-Jun-2217$11,890.10 1422815$11,410 2479.7
11-Jun-2217$7,600 1212310$2,300 7$5,300
4-Jun-2212$2,937 101279$692 3$2,245
28-May-229$3,197.60 11869$3,197.60 00
21-May-2214$7,284.50 1218511$6,609 3$675.50
14-May-2211$306.60 98010$306.60 1$225
7-May-2216$10,451.75 1210812$1,827 4$8,624.75
30-Apr-2216$2,296.50 1615712$895.50 4$1,401
23-Apr-2210$2,241 11588$1,641 2$600
16-Apr-2211$6,643 71568$2,359 3$4,284
9-Apr-2217$4,429 1418411$1,690 6$2,739
2-Apr-2213$1,755 88410$1,145 3$610
26-Mar-2211$3,205 8656$200 5$3,005
19-Mar-2213$2,239.17 910613$2,239.17 00
12-Mar-2218$12,016 1123915$11,965 2$51.35
5-Mar-2217$6,786 1313713$5,161 4$1,625
26-Feb-2212$5,095 81499$4,437.50 3$658
19-Feb-2217$22,229 1717414$21,354 3$875
12-Feb-2212$2,344.70 10738$641.70 4$1,703
5-Feb-2211$2,503 89911$2,503 00
29-Jan-2211$3,872 1210112$3,872 00
22-Jan-2213$5,143.50 109912$4,842.50 1$301
15-Jan-2212$7,605 91559$6,480 3$1,025
8-Jan-2213$8,256.20 1110213$8,256.20 00
1-Jan-229$1,273.80 6509$1,273.80 00
25-Dec-2121$4,734.75 1117616$3,410 5$1,324.75
18-Dec-2126$7,325.20 1519318$3,640.20 8$3,685.20
11-Dec-2116$5,017 1010913$1,417 3$3,600
4-Dec-2114$2,310 8868$2,310 6$1,882.05
27-Nov-219$3.460.1101016$1,758 3$1,702.60
20-Nov-2120$22,792 1515712$18,864.50 8$3,928
13-Nov-2121$26,729 1217813$11,822 8$14,907
6-Nov-2112$8,303 1315710$6,682 3$1,621
30-Oct-2121$10,368 1521815$9,24.46$1,103.00
23-Oct-2121$18.783.11522211$12,314 10$6,468.60
16-Oct-2115$3,868 1111815$2,293 2$1,575
9-Oct-2120$8,610 1617516$7,795 4$815
2-Oct-2114$6,250 1113710$5,200 4$1,050
25-Sep-2111$11,460 9937$10,200 4$1,250
18-Sep-2111$16,603 8998$15,084 3$1,519
11-Sep-2117$10,653 1110313$8,503 4$2,150
4-Sep-2113$7,222 108911$6,715 2$507
28-Aug-2112$763 96311$663 1$100
21-Aug-2112$29,659 77911$29,579 1$80
14-Aug-2122$17,845 1119912$12,805 10$5,04
7-Aug-2117$13,670 1213915$11,766 2$1,904
31-Jul-2121$8,160 1113410$3,574 10$4,586
July 24,202121$6,367 1113915$3,712 6$2,655
17-Jul-2114$4,009 1112412$2,015 2$1,994
10-Jul-2116$3,997 1314311$1,597 4$2,4
3-Jul-2124$7,492 139416$3,769 8$3,722
26-Jun-2110$4,995 7858$3,847 2$1,148
19-Jun-2128$16,830 82289$1,861 19$14,968
12-Jun-2126$27,238 1520919$25,602 7$1,636
5-Jun-2115$15,539 1310013$14,709 2$600
29-May-2135$20,279 1114528$18,647$1,639
22-May-2124$53,208 1417417$51,047 7$2,161
15-May-2118$10,620 1322011$5,870 7$4,809
8-May-2117$10,400 1115615$8,386 2$2,500
1-May-2121$7,200 1611512$3,808 9$3,392
24-Apr-218$20,200 9318$20,200 00
17-Apr-2114$6,270 810211$40,180 3$2,260
10-Apr-2115$8,940 1312914$7,990 1$950
3-Apr-2118$19,513 1015112$16,923 6$2,590
27-Mar-2127$13,942 1524414$4,300 13$9,633.50
20-Mar-2111$2,046 41023$270 8$1,776
13-Mar-2115$3,270 91096$538 9$2,732
6-Mar-2124$13,617 1019613$10,395 11$3,222
27-Feb-2119$8,105 1213915$4,970 4$3,135
20-Feb-219$8,820 91538$8,520 1$300
13-Feb-2112$4,852.60 78172,7665$2,086.60
6-Feb-2118$9,752 1315314$5,222 4$4,530
30-Jan-2118$9,449 918215$8,753.80 3$695.30
23-Jan-2114$8,150 81186$4,000 8$4,150
16-Jan-2117$6,783 1313811$2,400 6$4,382.90
9-Jan-2122$6,829 1413518$3,139.30 4$3,690
2-Jan-217$1,466 7607$1,466 00
26-Dec-2018$15,900 1216316$5,300 1$600
19-Dec-2018$9,769 1411014$8,426 4$1,343
12-Dec-2010$7,200 91009$3,325 1$3,830
5-Dec-2015$4,261 91229$2,780 6$1,481
28-Nov-2019$7,758 1011013$4,003 6$3,755
14-Nov-2014$864.10 1415712$289.10 2$575
7-Nov-2013$6,332 91299$2,483.50 4$3,849
31-Oct-2010$3,995.80 81036$3,231.10 4$754.70
24-Oct-206$18,100 6585$17,709 1$350
17-Oct-208$351.90 5558$351.90 00
10-Oct-207$5,229 3504$735 3$4,494
3-Oct-2014$21,428 91739$17,535 5$3,893
26-Sep-2010$12,770 8935$10,300 5$2,470
19-Sep-2014$8,365 91016$1,020 8$7,345
12-Sep-206$4,406 8593$1,270 3$3,136
5-Sep-2011$5,191 81179$4,061 2$1,130
29-Aug-2011$2,531 9945$1,130 6$1,401
22-Aug-2018$6,574 121407$1,930 11$4,644
15-Aug-2013$4,991 10977$1,216 6$3,775
8-Aug-2012$32,092 111129$30,457 3$1,635
1-Aug-207$5,287 8765$3,687 2$1,600
25-Jul-209$18,751 6677$18,403 2$348
18-Jul-206$1,982.50 5504$1,407.50 2$575
11-Jul-2011$565.10 127510$65.10 1$500
4-Jul-2010$8,889 8989$8,788 1$100.30
27-Jun-208$6,874 10505$4,972.50 3$2,081.50
20-Jun-2012$4,444 91157$2,829 5$1,615
13-Jun-206$3,582 4372$350 4$3,232
6-Jun-2011$3,213.70 8657$470 4$2,743.70
30-May-208$7,335 7486$4,639 2$2,697
23-May-204$432.40 4343$432.40 10
16-May-206$310 6345$310 10
9-May-2018$5,630 1612414$3,180 4$2,450
2-May-201510,40010908$1,900 7$,8,500
25-Apr-208$3,400 9365$1,000 3$2,450
18-Apr-2019$9,500 14928$185.70 11$9,360
11-Apr-2012$6,000 9405$190 7$5,800
4-Apr-2014$8,200 116810$2,200 4$6,000
28-Mar-2016$6,500 139610$3,700 6$2,800
21-Mar-2011$11,910 7337$2,250 4$9,960
14-Mar-207809.86346684.81125
7-Mar-2016$2,500 157013$669 3$1,400
29-Feb-2013$15,260 1312811$11,760 2$3,500
22-Feb-2012$3,700 109210$2,560 2$1,130
15-Feb-2016$1,250 108412$35 4$1,222
8-Feb-2018$6,080 1412314$2,595 4$3,485
1-Feb-2021$20,900 1210114$17,860 7$3,060
25-Jan-2013$7,430 136212$6,430 1$1,000
18-Jan-2023$9,580 1512019$6,580 4$3,000
11-Jan-2021$14,200 1819916$1,020 5$13,200
4-Jan-2022$6,400 1111916$3,204 6$3,245
28-Dec-1922$7,150 1917518$6,800 4$327.40
14-Dec-1924$36,300 2316719$9,500 5$26,800
7-Dec-1911$10,400 11557$1,082 4$9,370
November 30. 201914$2,450 1212612$1,760 2$692.50
23-Nov-1916$1,995 104111$615 5$1,380
16-Nov-1915$3,820 1313511$2,500 4$1,271
9-Nov-1925$12,900 1718223$12,200 2$575
2-Nov-1910$2,470 126192,4503$22
26-Oct-1912$5,560 147011$3,860 1$1,700
19-Oct-198$6,600 81388$6,600 00
12-Oct-1919$4,300 145516$3,800 3$500
5-Oct-1918$14,500 1916615$11,100 3$3,400
28-Sep-1919$8,100 1813218$7,560 1$550
21-Sep-1914$6,300 166611$2,160 3$4,170
14-Sep-1915$23,800 125611$21,250 4$2,570
7-Sep-1917$3,500 159814$1,900 3$1,600
31-Aug-195$8,700 6505$8,700 00
24-Aug-1916$10,000 148215$4,250 1$5,750
16-Aug-1910$1,680 5527$650 3$950
9-Aug-1917$17,700 156814$3,900 3$13,800
2-Aug-1913$5,760 1210813$5,760 NANA
27-Jul-1911$7,300 13768$6,570 3$730
20-Jul-1913$11,800 1312511$5,300 2$6,500
13-Jul-1910$775 7468$542.50 2$233
6-Jul-197$2,500 9857$2,500 00
29-Jun-1923$8,290 1515417$2,300 6$5,970
22-Jun-1917$10,700 1013914$7,700 3$3,000
15-Jun-1911$13,500 1416011$13,500 NANA
8-Jun-1913$2,870 175511$1,570 2$1,300
1-Jun-1910$4,460 11608$4,140 2$315
25-May-1917$4,360 147914$3,700 3$612
18-May-1922$9,000 1715016$3,400 6$5,600
11-May-1918$19,800 1717715$18,300 3$1,500
4-May-1910$7,075 6328$6,900 2$175
27-Apr-1915$3,200 1411714$3,160 1$40
20-Apr-1913$13,500 10909$12,200 4$1,300
13-Apr-1916$38,900 149114$37,800 2$1,100
6-Apr-1912$6,870 119410$6,730 2$50
30-Mar-1915$6,470 128410$7,91.55$5,677
23-Mar-1918$6,450 149114$5,042 4$1,408
16-Mar-1914$10,180 1211511$8,800 3$1,300
9-Mar-199$1,800 6498$1,300 1$500
2-Mar-1920$3,033 1610714$1,817 6$1,262
23-Feb-1912$2,040 8699$614.60 3$1,430
16-Feb-1916$9,970 187716$9,970 00
9-Feb-1914$6,400 1011014$6,400 00
2-Feb-1918$6,740 159916$5,720 2$950
26-Jan-1913$2,770 116711$918.95 2$1,850
19-Jan-1915$3,819 167612$2,594 3$1,225
12-Jan-1918$7,283 149215$1,683 3$5,600
5-Jan-1910$529 125010$529 00
22-Dec-1817$2,570 138714$941 3$1,629
15-Dec-1810$2,860 8268$264 2$2,600
8-Dec-1815$1,819 166512$552 3$1,267
1-Dec-1812$7,500 10909$1,200 3$6,200
28-Nov-1815$4,500 1110714$4,000 1$500
19-Nov-1818$6,137 139813$2,142 5$3,995
14-Nov-1818$9,200 1315215$8,500 3$694
6-Nov-1816$17,300 1618314$16,361 2$950
29-Oct-1814$14,400 1812717$13,800 1$600
24-Oct-1813$6,140 1312611$5,122 2$1,018
17-Oct-1818$18,390 1512514$12,292 4$6,098
10-Oct-1829$3,149 1810420$1,647 9$819
2-Oct-1818$9,300 116714$7,300 4$2,000
25-Sep-1813$7,000 117510$6,000 3$995
18-Sep-189$3,570 7449$3,570 00
11-Sep-1813$5,900 1013213$5,900 00
7-Sep-1814$5,000 158611$4,000 3$1,000
29-Aug-1815$20,700 147913$4,700 2$16,000
20-Aug-1810$12,400 11538$11,380 3$1,057
14-Aug-1812$19,900 121329$18,889 3$1,011
7-Aug-1816$68,600 1110613$67,259 3$1,340
31-Jul-1815$15,100 159511$13,060 4$2,060
23-Jul-1813$2,130 156010$1,804 3$1,100
17-Jul-1814$5,370 17989$4,310 5$1,100
9-Jul-1816$11,200 157410$11,080 6$862
3-Jul-1813$7,000 78112$6,330 1$750
25-Jun-1815$8,800 13979$4,970 6$3,930
18-Jun-1813$14,200 14807$221 6$14,290
11-Jun-1812$6,300 8968$5,910 4$803
6-Jun-1813$14,500 10888$14,154 5$579
31-May-1811$4,890 10638$3,240 3$1,790
22-May-1815$20,400 11639$19,808 6$885
15-May-1815$4,700 1510610$3,900 5$643
9-May-1811$1,400 13889$1,300 2$560
1-May-188$14,250 7887$13,400 1$450
24-Apr-1812$5,300 66111$4,470 1$800
17-Apr-189$1,800 10447$2,330 2$1,434
11-Apr-1811$2,500 8326$1,690 5$809
3-Apr-1815$13,400 111219$12,020 6$1,090
28-Mar-1810$4,000 10927$3,870 3$215
19-Mar-1817$5,800 135110$590 7$5,165
12-Mar-1815$3,130 114311$2,360 4$788
6-Mar-1819$5,400 1311610$1,530 9$4,860
27-Feb-1820$6,600 136914$5,530 6$1,030
19-Feb-1815$5,500 1411110$3,990 6$1,980
12-Feb-1823$10,900 1715712$7,110 11$3,840
5-Feb-1816$8,600 131007$1,330 9$7,800
30-Jan-1811$12,600 11685$7,300 6$4,982
24-Jan-1819$9,400 151295$2,010 14$7,337
18-Jan-1810$6,280 8492$2,100 8$4,188
9-Jan-1812$16,500 12929$15,890 3$475
3-Jan-1810$2,500 9478$2,350 2$150
27-Dec-1715$9,000 151139$7,568 6$1,784
18-Dec-1715$13,800 161649$13,010 7$1,118
11-Dec-1714$9,700 1012612$2,940 4$8,500
4-Dec-176$1,800 6315$1,510 1$300
28-Nov-177$3,850 8764$3,260 3$285
16-Nov-1710$2,700 10486$1,840 4$856
8-Nov-1715$2,380 179110$1,860 5$516
1-Nov-1712$4,700 17949$3,400 4$1,300
23-Oct-1715$10,500 106710$9,780 4$1,530
18-Oct-176$2,000 373$225 3$1,820
10-Oct-1712$6,570 1009$3,880 3$3,360
2-Oct-178$3,100 11193$1,630 5$1,750
25-Sep-178$4,880 8795$2,660 5$2,070
18-Sep-179$4,770 3$300 6$4,470
12-Sep-1711$4,430 8$2,030 3$2,400
1-Sep-174$1,310 3$317 1$1,000
23-Aug-1711$13,640 98$11,840 3$1,800

Mergers & Acquisitions

Devon Energy Acquires EnCap Bakken Assets for $5B

In a major upstream and midstream acquisition, Oklahoma-based Devon Energy announced Monday that it has agreed to purchase the Willison Basin holdings of EnCap-backed Grayson Mill Energy for $5 billion. The terms include $1.75 billion in stock and $3.25 billion in cash for assets that include 307,000 net acres in the Bakken region that carry with them a 70 percent working interest, as well as 950 miles of gathering systems that sprawl between North Dakota and Montana. Kirkland & Ellis advised Devon and Vinson & Elkins counseled the Grayson Mill entities. For more on the deal see our daily coverage here.

Honeywell to acquire Air Products for $1.81B

Deal Description: Honeywell has agreed to purchase the LNG equipment and processing business of Air Products in an all-cash transaction valued at $1.81 billion. Charlotte-based Honeywell said Air Products’ LNG process technology and equipment business includes in-house design and manufacturing of coil-wound heat exchangers and related equipment provide high-level throughput of natural gas in a single exchanger with a small footprint, whether onshore or offshore. Honeywell said they intend to integrate the technologies and services under their Honeywell Forge and Experion platforms. Air Products is located in Allentown, Pennsylvania.

Honeywell Outside Counsel: Kirkland & Ellis with corporate partners Ted Frankel in Chicago and Kyle Watson in Houston, along with associate Gabrielle Sumich in Houston and technology & IP transactions partner Dan Lewis in Chicago.

Air Products Outside Counsel: Skadden & Arps with M&A partners C. Michael Chitwood and Paul Schnell and counsel Lauren Kramer; Intellectual Property and Technology partner Resa Schlossberg; Tax partner Alec Jarvis; and Executive Compensation and Benefits partner Erica Schohn.

Enagás Exits Tallgrass in $1.1B Deal with Blackstone

Stepping up its focus on Eurocentric renewables, Spain’s Enagás SA announced Wednesday that it is divesting its 30.2 percent interest in Kansas-based Tallgrass Energy to Blackstone for $1.1 billion. Enagás plans to use proceeds from the transaction to bolster its commitment to develop a renewable hydrogen infrastructure for the benefit of the European Union. Latham & Watkins advised Enagás and Vinson & Elkins is outside counsel for Blackstone. For more about the transaction see our daily coverage here.

Dallas-based Ryan to acquire Altus Group for $513M

Deal Description: Ryan, a global tax services and software provider, announced July 9 that it has agreed to acquire the property tax business of Altus Group Limited for $513 million (CAD$700M). The deal includes the Toronto-headquartered company’s software offerings, as well as its property tax services for the U.S., Canada and the UK. Ryan included in the deal a commitment to enter into an Altus Market Insights subscription at CAD$5M per year for three years.

M&A Advisor to Ryan: RBC Capital Markets

Outside Legal Counsel to Ryan: Kirkland & Ellis, Goodmans, and Arnold & Porter Kaye Scholer

The Kirkland team was led by corporate partners Melissa Kalka, Doug Bacon and Garett Morin and associate Kersten Kober; debt finance partners Rachael Lichman, Tom Dobleman and Purun Cheong; and tax partners David Wheat, Joe Tobias and Ed Moberly.

Solaris Oilfield Infrastructure acquires Mobile Energy Rentals for $200 million

Deal Description: Solaris Oilfield Infrastructure, Inc. announced July 10 an agreement to acquire Mobile Energy Rentals, a provider of generators, transformers and other forms of distributed power, for $200 million. The transaction consideration includes $60 million of cash and the issuance of approximately 16.5 million shares of Solaris Class B common stock to MER’s founders and management team, who will join Solaris. The company, once combined, will be renamed Solaris Energy Infrastructure and will trade on the NYSE under the symbol SEI. Both companies are headquartered in Houston. Solaris has not filed earnings for the second quarter but expects revenue between $70 million and $75 million and adjusted EBITDA between $20 million and $21 million. During the second quarter, Solaris repaid $14 million of debt, ending the quarter with $11 million of net debt.

Solaris Outside Counsel: Vinson & Elkins with a team led from Houston by partners Michael Marek, Jackson O’Maley and Doug McWilliams. They were assisted by Chandler Jones and Mimi Nguyen. Other key team members included Ximena Kuri, Chase Browndorf, Mark Holmes, Charles Martin, Tyler Wagner, Lina Dimachkieh, Jeff Slusher, Marisa Giles, James Leader, Matthew Hoffman, Will Stripling, Sarah Smati, Kara Kuritz, Ryan Will, Sean Becker, Peter Goetschel and Scot Dixon.

Mobile Energy Outside Counsel: Skadden & Arps with a team also led from Houston by Eric Otness; Tax partner Jeff Romero. They were backed by associate Mayté Salazar (Washington, D.C.) and  corporate associates Nicholas Woodruff, Caleb Lowery, Paul Kieffer, Libby Rudolf, Monica Gerstner, Robert Clary and Jessica Kittelberger, all of Houston.

Desktop Metal to be Acquired by Nano Dimension for $181M

Deal Description: Nano Dimension and Desktop Metal announced July 3 that Nano has agreed to acquire all outstanding shares of Desktop Metal, a provider of 3-D printing technologies, in an all-cash transaction  for $5.50 per share, or $181 million. The deal represents a 27.3 percent premium over Desktop’s closing price on July 2, and a 20.5 percent premium over its 30-day volume weighted average price. But that could change. Should closing be delayed into 2025, Nano would provide a $20 million secured loan facility, but under the agreement the price would be adjusted to $4.07 per share, or $135 million. Both companies are headquartered in Massachusetts, Nano in Waltham, Desktop in Burlington.

Desktop Metal Outside Counsel: Latham and Watkins advised with a corporate M&A team led by Boston partner Dan Hoffman and Houston partner Ryan Maierson, with associates Bryan Ryan, Magda Farhat, Haley Sandoval, Catherine Sims, Tasbiha Batool, and Govin Kaggal. Other Latham lawyers supported from offices in Boston, New York, London, the Bay Area and Washington, D.C.

Deal Note: Latham has represented Desktop since the company incorporated in 2015. Maierson has advised on several acquisitions for Desktop since the company when public via de-SPAC merger with Trine Acquisition Corp. in 2020.

Ørsted Acquires 50% of Sunrise Wind for $152M

Deal Description:  Denmark-based Ørsted announced July 9 that it has closed its acquisition of a 50 percent share of Sunrise Wind, a 924MW offshore wind farm off the coast of New York. Ørsted had announced a $230 million deal in January after the successful award to Sunrise in the New York 4 solicitation for offshore wind capacity. The price was reduced to $152 million to reflect the lower than expected CAPEX costs for the project between signing and closing. The transaction gives Ørsted full ownership of the project which received its FID in March.

Ørsted Outside Counsel: The deal was led by Ethan Schultz, a Latham & Watkins partner who splits time between Houston and Washington, D.C. The deal team, however, included lawyers from New York, San Diego, Chicago and Washington D.C.

Elevation Midstream acquires ARB Midstream’s Platte River Holdings

Deal Description: Elevation Midstream announced July 8 its intent to merge with Platte River Holdings, a subsidiary of ARB Midstream. The Platte River assets include more than 200 miles of crude gathering and transmission pipelines and the Platteville and Lucerne Terminals in the Denver — Julesburg Basin. Denver-based Elevation gathers and transports oil, natural gas and water products across Weld and Adams Counties in central Colorado. No terms were disclosed, but the deal adds about 200 miles of crude gathering and transport pipeline assets to Elevation’s operations. Moreover, the deal might not be Elevation’s last. Elevation CEO John Roberts described the deal as “the first step in Elevation’s strategy to serve as a consolidator of DJ Basin gathering and processing assets.”

Elevation Financial Advisor: Intrepid Partners

Elevation Outside Legal Advisor: Vinson & Elkins with a team led by partner Matt Falcone and senior associate Sang Lee, with assistance from associates Alan Albrecht and Pete Berquist. Also assisting on the transaction were partner Todd Way, senior associate Miron Klimkowski and associate Katie Dillard (tax); counsel Zach Rider, senior associate Jill Bradley and associate Sara Johnson (finance); partner Sean Becker and associate Jordan Peck (employment/labor); partner Patricia Adams, senior associate Brian DeShannon and associates Henry Crowell and Eric Hechler (executive compensation/benefits); counsel Rajesh Patel and associates Haley Titcomb and Sean Dao (technology transactions/IP); partner Matt Dobbins and associates Alyssa Sieja, Tom Aird and Alexis Boyd  (environmental); partner Damien Lyster and senior associate Andrew DeVore (energy regulatory); counsel Megan Menniti and associates Vestita Zumot and Laura Byrd (energy transactions/projects); and counsels Evan Miller, Elizabeth McIntyre and Brian Howard (litigation).

ARB/Platte River Financial Advisor: Jefferies

ARB/Platte River Outside Legal Counsel: Locke Lord with a team led from Houston by partners David Wilhelm, Rachel Fitzgerald and Eric Larson (all of Houston) along with partners  Buddy Sanders, Mike Rose, Jerry Higdon, Deanna Markowitz Willson, Tammi Niven, Laura Ferguson, Jeff McPhaul, senior counsel Michelle Gutierrez-Begin, Case Towslee, Ashley Lopez, Jeremy Petersen, Lani Blake, Andrew Nelson, Marshall Moorhouse (all of Houston), and partners Mark Backofen and Van Jolas (both of Dallas).

J.F. Lehman inks continuation agreement with PURIS

Deal Description: J.F. Lehman & Company announced July 8 the closing of a single-asset continuation fund for the water infrastructure provider PURIS. The funding was led by Apollo Sponsor & Secondary Solutions along with investors that included funds managed by Hamilton Lane, Eldrige Industries, HSBC Asset Management and Golding Capital Partners. The deal allows JFLCO to maintain its ownership in PURIS, which it purchased in 2018 as Inland Pipe Rehabilitation. The firm became a platform for the acquisition of Murphy Pipeline Contractors in 2020 and Inliner Solutions in 2022, after which it was rebranded as PURIS. Headquartered in The Woodlands, PURIS specializes in pipeline rehabilitation for sewerage, storm and potable water systems.

JFLCO Financial Advisors: Jefferies

JFLCO Outside Counsel: Debevoise & Plimpton and A&O Shearman

A&O Shearman advised with a team led from Dallas by corporate partners Alain Dermarkar and Kyle Park, along with associate Efren Lemus. The team also included debt finance partner Michael Steinberg, antitrust partner Jonathan Cheng, tax partner Jay Singer and partner Gillian Moldowan.

Also involved were M&A and PE associates Garrett Engel, Elizabeth Robishaw and Emily Greenwood, debt finance associates Ashley Shan and Zach Engel,  tax associates Ira Aghai and Gil Shauly, antitrust associate Rebecca McCraw and compensation associate Janice Perri.

Apollo S3 Outside Counsel: Proskauer Rose

Citation Capital Gains Investment from Wafra-backed Constellation Capital

Deal Description: Wafra Inc. disclosed on July 8 its strategic investment in Dallas-based Citation Capital, a private equity firm that specializes in partnering with founder- and family-led businesses. Wafra made the investment through Constellation Capital, one of its investment platforms, but did not disclose the terms. Citation was founded last year by Tiffany Hagge, an alumna of Dartmouth and Goldman Sachs, and Lydie Hudson, of Harvard Business School and Credit Suisse. In October, Citation made its first investment with the acquisition of a majority stake in Cibo Vita, a manufacturer of healthy snack foods.

Wafra Outside Counsel: Gibson, Dunn & Crutcher advised with a team led by partners Michael Piazza in Houston and Andrew Friedman in Century City. The corporate team included associates Kevin Lafferty, Andrew Abell, Alisa Balderas and Héctor González Medina. Partners Pamela Lawrence Endreny and Jennifer Sabin and associate Annie Lin advised on tax aspects. Partner Sean Feller and associate Ashley Romanias advised on benefits. Partner A.J. Frey and associate Colin Edwards advised on investment funds aspects. Partner Kevin Bettsteller advised on regulatory aspects. Partner Carrie LeRoy and associate Libby Pica advised on IP aspects. Partner Cassandra Gaedt-Sheckter and associate Sarah Scharf advised on data privacy aspects.

Citation Outside Counsel: Kirkland & Ellis counseled Constellation with a team led by investment funds partners Michael Reeves, Laura Stake and Florence Zhang; and included investment funds partner Erica Berthou; corporate associate Kimberly Guo; investment funds associate Erin Lachaal; and tax partner Meredith Levy and associate Natalie Kannan.

Pennybacker to acquire Miami LNG facility

Deal Description: Pennybacker Capital Management, an Austin-headquartered investment manager specializing in real assets, announced July 9 its agreement to acquire a small-scale LNG plant in Miami from New Fortress Energy. The plant includes a small-scale liquefaction facility capable of producing 8,300 MMBtu of LNG per day with onsite storage capacity of approximately 1,000 cubic meters. The facility has the capability of loading LNG on truck or rail and, perhaps more importantly, is permitted to export to FTA and non-FTA countries.

Pennybacker Outside Counsel: Baker Botts counseled with a corporate team led from Houston by partners Clay Brett and Carlos Solé III. The corporate team included senior associate Carlos Marquez (Washington, D.C.), as well as associates Peter Frintzilas (New York) and Megan Lawhorne (Washington, D.C.). Houston partner David Jetter advised on LNG matters; senior associate Catherine Ellis (Houston) on portfolio companies; special counsel Ryan Norfolk advised on regulatory concerns; associate Christopher Tillotson (Dallas) on real estate and partner Jon Lobb (Houston), partner Matthew Larsen (Dallas) and senior associate Jared Meier (Houston) on taxes.

PSG-backed ThreatConnect Acquires Polarity

Deal Description: ThreatConnect, a Virginia-based provider of data security tools and services backed by PSG, announced July 9 its acquisition of Polarity, the security data analysis platform. Terms of the deal were not disclosed, but Balaji Yelamanchili, CEO of ThreatConnect, said the merging of tools represented by both companies is a “force multiplier” allowing instant threat analysis from scores of disparate data sources and platforms.

Outside Legal Counsel: Weil, Gotshal & Manges with a deal led from Dallas by partner David Gail, along with partners Jennifer Britz, Dennis Adams and Olivia Greer in New York.

SA’s Victory Capital inks Partnership with Amundi

Deal Description: Victory Capital, a San Antonio asset management firm, announced July 9 a 15-year reciprocal distribution agreement with the asset manager Amundi that gives the French-owned firm a 26.1 percent stake in Victory. Under the distribution agreements, Victory Capital will be the supplier of U.S. asset management products for Amundi’s distribution outside the U.S. Conversely, Victory would become distributor of non-U.S. products. Structurally, Amundi’s domestic U.S. presence, Amundi US, will be folded into Victory Capital, with two Amundi representatives joining Victory’s board. The parent company of Amundi is Crédit Agricole.

Victory Capital Financial Advisors: PJT Partners and BofA Securities

Victory Outside Legal Counsel: Willkie Farr & Gallagher with a team led from New York by partners David Boston and Danielle Scalzo.

Post Oak Energy and Genesis Park Exit Layne Water Midstream

Deal Description: In an all-cash transaction to an undisclosed buyer, Post Oak Energy Capital and Genesis Park announced their exit from Layne Water Midstream, a major provider of water products for fracking in the Permian Basin. The companies purchased the company, along with its management, from Granite Construction in 2019. It was formed in 2016 as part of Layne Christensen, a legacy water infrastructure company. Layne’s assets include nearly 200 miles of pipeline, 15 water disposal facilities and a customer base providing water products to over 100,000 acres in the South Delaware Basin.

Financial Advisor: Nomura Greentech

Outside Legal Counsel: Willkie Farr & Gallagher with a team led Houston by partners Sarah McLean and Robert Jacobson, along with associate Erin Kaufman.

Vista Equity, TCV, KKR Invest in Cloud Storage Operator Nasuni

Deal Description: Nasuni, a Boston-headquartered developer of cloud storage technologies, announced July 9 a major strategic investment led by Austin’s Vista Equity Partners. Vista will be joined in their investment by TCV of Menlo Park and KKR through its Next Generation Technology III Fund. Though the investments were undisclosed, they were said to value Nasuni at $1.2 billion.

Nasuni Financial Advisor: BofA Securities

Nasuni Outside Counsel: Goodwin Proctor

Vista Equity Outside Counsel: Kirkland & Ellis, with a team led by partners Marc Browning, who offices in Austin and Palo Alto, and Brendan Caldon in Austin, along with debt partners Sonali Jindal and Austin Glassman in Los Angeles.

TCV Outside Counsel:  Also Kirkland, with Adam Wexner in Chicago and Greg Travers in San Francisco.

Apex Waster Solutions Expands in Western Colorado with Two Acquisitions

Deal Description: Apex Waste Solutions, a portfolio company of Kinderhook Industries, announced July 8 the acquisitions of Twin Enviro Services and certain assets of WM of Colorado, Inc. Located in Steamboat Springs, Twin Enviro operates two landfills, hauling services and recycling facilities across western Colorado. The WM of Colorado assets acquired include a transfer station and three hauling operations serving Divide, Steamboat Springs and Gypsum/Vail, all within Twin Enviro’s operational sphere. Terms of the transactions were undisclosed.

Debt Financing: A syndicate led by Comerica Bank with Webster Bank Fifth Third Bank and Huntington Bank

Apex Outside Counsel: Sidley Austin advised with a team led by New York private equity partner Elazar Guttman with help from their Dallas office. Also from New York were senior managing associate Mo Green, managing associate Andrew Smith and associate Conner Collins. From Dallas were partners Tara Lancaster and Kristen Smith, along with managing associate Kendra Smith and associate Chase Rowland.

Twin Enviro Outside Counsel: Holland & Hart

USV REIT to Partner with Kovitz Investment Group.

Deal Description: U.S. Veterinary REIT, a real estate investor specializing in properties for veterinary clinics and practices, announced July 10 they will partner with Chicago-based  Kovitz Investment Group Partners. Term of the agreement were undisclosed. USV REIT, which is also based in Chicago, was founded in 2021 by the Thurston Group and AMO Partners. Thurston Group has partnered with a variety of physician-oriented businesses and practices, including Smile Doctors, Gen4 Dental Partners, U.S. Orthopaedic Partners and others. AMO is a Chicago-based group of real estate investors with investments in commercial, retail and “micro-niche” real estate investments. Kovitz manages investments for wealthy individuals and institutions.

USV REIT Outside Counsel: Winston & Strawn Dallas partner Ken Betts and Chicago partner Andy White advised.

Golar LNG signs agreement for 20-year FLNG deployment in Argentina

Deal Description: Bermuda-based Golar LNG announced July 5 its agreement with Argentina’s Pan American Energy (PAE) to help create an offshore LNG export business with a floating LNG storage and compression operation in Argentina. Under the agreement, Golar will supply the vessel under charter and PAN agrees to a 20-year sales agreement to supply the natural gas. The vessel, Golar FLNG Hilli, carries a nameplate capacity of 2.45 million tons per annum. Golar also takes a 10 percent ownership of Southern Energy S.A., a joint venture with PAN that would be responsible for the purchase of domestic natural gas, operations and sale and marketing of the anticipated Argentine LNG. The project is expected to be in place sometime during 2027, with other projects to follow. Golar LNG is headquartered in Hamilton, Bermuda and Golar LNG is based in Buenos Aires.

Golar Outside Counsel: Latham & Watkins led by partner Chris Peponis, with support from partner Guido Liniado, and associates Salvador Jose, Taylor López, Chidi Onyeche, and Andres Chester.

Pan American Outside Counsel: King & Spalding with a team led by corporate partner David Lang in Houston that included associates Ted Landray in London and Erin Horan Mendez in Houston.

Capital Markets/Credit

CyrusOne Secures $7.9B Credit Facility

Deal Description: Dallas-basedCyrusOne, the leading operator of data centers in the world by some metrics, announced July 8 that it had secured a $7.9 billion warehouse credit facility to support its rapidly growing capacity for AI data workloads. Combined with a $1.8 revolving credit facility announced in May, that amounts to $9.7 billion in working capital raised over the past several months. The warehouse credit facility will be used for the development of projects within the U.S., according to the company, while the revolving credit facility will be used for corporate purposes. CyrusOne chief investment officer Fran Federman characterized the magnitude of the loans as investor faith: “Our ability to raise these debt facilities and the tremendous interest that we have received from the lender community are a testament to the strength of our business and the market’s confidence in our ability to continue to build on the significant momentum we have achieved thus far.”

Lead Loan Arrangers: Morgan Stanley, TD Securities and KKR Capital Markets served as lead arrangers for the Warehouse Credit Facility, while Wells Fargo served as lead arranger for the Revolving Credit Facility. Global Infrastructure Partners worked as an advisor.

CyrusOne Outside Legal Counsel: Kirkland & Ellis advised with a team led by debt finance partner Mary Kogut and real estate partner Kim McGrath; and included corporate partner Melissa Kalka; real estate partners Leena Chopra, Tim Bow, Kevin Ehrhart and Al Stemp and associates Max Baird, Zach Weber and Kate Plonsker; and debt finance partner Chad Davis and associates Jina Chung and Richard Riles.

Lenders’ Outside Counsel: Milbank led by partners Jaime Ramirez, Dan Bartfeld and Jonathan Karl, along with special counsel Tim Fitzpatrick and associates Vince El Hayek, Amber Dong, Sol Avalos, Kate Richardson, Julianne Guzman, Nicolette Sullivan, Shannon Hardy, Alejandro Hernandez and Joe Powers.

Deal Note: Kirkland, led by Houston managing partner Andy Calder, advised KKR and an acquiring consortium that included GIP in their $15 billion acquisition of CyrusOne in a massive take-private deal.

Winston advises in $374M private offering by Granite Construction

Deal Description: Granite Construction Incorporated announced July 12 the closing of its private offering of $373.75 million of 3.25% Convertible Senior Notes due 2030. The Watsonville, California firm said the proceeds have already been used to repurchase prior note offerings and to repay its outstanding term loan. The convertible notes are unsecured senior obligations of Granite bearing annual interest of 3.25%, payable semi-annually. The notes will mature on June 15, 2030, unless repurchased, redeemed or converted earlier.

Outside Legal Counsel: Winston & Strawn led by Dallas partners Charlie Haag and Justin Reinus, along with Dallas associates Michael Carlisi, Emily Semon and Jennifer Ybarra Taylor.

OTHER MATTERS

For those who’ve wondered whatever happened to carbon credits, Oxy affiliate 1PointFive —  a carbon capture, utilization and sequestration (CCUS) company — announced last week its agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal credits over six years to support Microsoft’s carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date. Latham & Watkins counseled 1PointFive with a team led by Michael Dreibelbis and Justin T. Stolte, with support from Sosi Biricik and assistance from Georgia Bellett, Brett Frazer and Matthew Green.

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