Latham & Watkins Advises on Financing for Iron Oak Energy Solution’s Acquisition of Northern White Assets From HC Minerals, Inc.

Iron Oak Energy Solutions LLC, a leading multi-basin proppant supplier for North American oil and gas companies, has announced the acquisition of the Northern White assets of HC Minerals, Inc. The enhanced production capabilities and distribution network significantly expands Iron Oak Energy's ability to serve customers in the largest US natural gas shale play. Concurrent with the closing of the HC Minerals acquisition, Iron Oak Energy entered into a new term loan facility with Chambers Energy Capital and GoldenTree Asset Management. The term loan includes a committed delayed draw feature which allows for incremental capital to support Iron Oak Energy's future growth.

Latham & Watkins LLP represented Iron Oak Energy Solutions in the financing with a team led by partner Joshua Tinkelman, with associates Alexis Frese and Shervin Rafie. Advice was also provided on real estate matters by partner Dara Denberg; on environmental matters by partner Joshua Bledsoe, with associate Kevin Homrighausen; and on tax matters by partner Bryant Lee, with associate Molly Elkins.