Latham & Watkins Advises The Carlyle Group in Connection with WildHorse Resource Development’s Acquisition of Eagle Ford Properties

WildHorse Resource Development grows Eagle Ford position with $625 million deal.

May 11, 2017

WildHorse Resource Development Corporation (NYSE:WRD) has announced that it has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (“APC”) and affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) for aggregate consideration of $625 million, subject to certain customary closing conditions. In conjunction with the transaction, The Carlyle Group (“Carlyle”), through its US buyout fund Carlyle Partners VI, has agreed to purchase $435 million of Series A Perpetual Convertible Preferred Stock from WRD. 

Latham & Watkins LLP represents Carlyle in the transaction with a corporate deal team led by Washington, D.C. partners David Dantzic and Brandon Bortner. New York partner David Raab advised on tax matters.

 
 
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