Sidley represented Munich Re Reserve Risk Financing, Inc., a wholly-owned subsidiary of Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions, in the US$200 million purchase of investment grade securitization notes of operated upstream proved-developed assets issued by Diversified Gas & Oil PLC (DGOC). Sidley also represented Munich Re as the sole provider of commodity price hedging arrangements supporting the notes.
The team was led by securitization partner Tracey A. Nicastro (Chicago) and oil and gas partner Jim Rice (Houston), with support from associate Matthew B. Walker (Houston). Partner Ellen P. Pesch (New York) provided derivatives and hedging advice on the transaction.
A market leader in securitization and structured finance, our lawyers have been at the forefront of the creation of many structured finance products since the 1970s. In addition, our prominent energy team, which includes numerous industry veterans with more than 25 years of experience, provides cutting edge advice on issues facing investors, oil and gas companies and financing providers in a full range of transactions involving all of the major basins in the United States, both onshore and offshore.
On October 2, 2019, leading Sidley securitization and energy lawyers hosted a webinar exploring securitization of PDP working interests as an emerging financing strategy. If you are interested in viewing a recording of the webinar, please contact firstname.lastname@example.org.