Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and BMO Capital Markets Corp., as joint lead arrangers and bookrunners on the financing for the acquisition by ArcLight Energy Partners of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc.
The financing consists of a $425 million term loan facility and a $700 million asset-based loan facility.
The Paul Hastings team was led by Leveraged Finance partners John Cobb and Sanjay Thapar, and included of counsel Benjamin Cheng, and associates Julie Park, Andrew Jenkinson and Kareem Roe.