Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
Deal Date: | 11-07-2017 | Practice Area: | Restructuring and Insolvency |
Deal Title: | Balance Sheet Restructuring of Whalsay Energy Limited | Industry: | Oil & Gas Producers |
Description: |
Ashurst advised Whalsay Energy Limited (formerly Xcite Energy Resources plc) (the Company) and the liquidators of its parent company, Xcite Energy Limited, on the balance sheet restructuring of the company and the sale of the Company by XEL, which completed on 30 June 2017.
The Company was the holder of the licence for the Bentley oil field in the North Sea. The buyer, Whalsay Energy Holdings Limited, was a company owned by the holders of senior secured bonds issued by the company in June 2014, in the aggregate amount of approximately USD155 million.
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Financial Center: | London | Value: | 0.00-0.00 |
Advised Party: | Group | Law Firm | Ashurst |
United Kingdom | United Kingdom | ||
Classification: |
Debt Restructuring |
Lawyer | Giles Boothman |