New Filing - Shoreline Energy LLC

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Shoreline Energy LLC

  • 11/02/16 Recap: Privately-owned Gulf of Mexico and Louisiana focused energy and exploration company files for bankruptcy backed by a $50mm DIP from Morgan Stanley Energy Capital (of which $32mm represents a rollup) and an RSA to sell the company to an affiliate of Highbridge Capital LLC, a second lien lender.  
  • Jurisdiction: S.D. of Texas
  • Capital Structure: $150mm RBL (Morgan Stanley), $160mm second lien TL, $71mm unsecured note (Sankaty Advisors LLC)    
  • Company Professionals:
    • Legal: Jones Day (Thomas Howley, Paul Green, Jonathan Fisher, Cassie Suttle) & (conflicts counsel) Jackson & Walker LLP (Patricia Tomasco)
    • Financial Advisor: Imperial Capital LLC (Robert Warshauer, Justin Byrne, Kyle Anderson, John Radigan)
    • Claims Agent: Prime Clerk (*click on company name for docket)
  • Other Parties in Interest:
    • DIP Lender: Morgan Stanley Energy Capital
      • Legal: Simpson Thacher (Nicholas Baker)
      • Financial Advisors: FTI Consulting
    • Second Lien Lender: Highbridge Capital/HPS Investment Partners LLC
      • Legal: Vinson & Elkins (William Wallander, Bradley Foxman, Reese O'Connor)
    • Unsecured Creditors' Committee
      • Legal: Arent Fox LLP (Robert Hirsh, George Angelich, Jordana Renert) & (local) Royston Rayzor Vickery & Williams LLP (Kevin Walters, Eugene Barr)
      • Financial Advisor: Conway MacKenzie LLC (John Young)

Updated 12/30/17