Latham & Watkins Advises Caerus Oil & Gas LLC on Inaugural US$565 Million Securitized Financing

Caerus Oil & Gas LLC (Caerus) has closed its inaugural offering of fully amortizing asset backed securities (ABS) backed by certain operated upstream assets held by its special purpose entity affiliate.

Latham & Watkins LLP represented Caerus in the transaction with a team led by Austin partner David Miller and Houston partner Stephen Szalkowski, with assistance from Houston associates Tom Hillebrand, Zainab Hashmi, Corynn Wilson, Dalyn Dessaure, and Austin associate Mason Taylor. Advice was provided on finance matters by Houston partner Pamela Kellet, with Austin associate Erin Cusenbary; on derivative-related matters by New York partner Yvette Valdez, with New York associate Tiiu Lemsalu; on structured finance matters by New York partner Loren Finegold; on securities matters by Houston partner Monica White; on regulatory matters by New York counsel Pia Naib; on structuring matters by New York partner David Hammerman; on tax matters by Houston partners Tim Fenn and Jim Cole, with Houston associate Dominick Constantino; and on environmental matters by Los Angeles/Houston partner Josh Marnitz.