Blackhill Partners Completes Restructuring of TransCoastal Corporation

Blackhill Takes Company Through Bankruptcy in 36 Days

16 Feb, 2016, 14:41 ET from Blackhill Partners, LLC

DALLAS, Feb. 16, 2016 /PRNewswire/ -- Blackhill Partners, an investment bank specializing in complex situations, has completed a restructuring for TransCoastal Corporation, including guiding the company through a pre-packaged bankruptcy in 36 days. TransCoastal, a Dallas-based independent oil and gas company focused on the acquisition of producing oil and gas properties, retained Blackhill Partners to evaluate assets, identify strategic alternatives, and negotiate a restructuring with its senior lender.

"The challenging energy environment is leading numerous oil and gas companies to pursue restructurings both in and out of court. At Blackhill Partners, our focus is to assist these firms to move rapidly through the reorganization process and minimize the costs of doing so," said Joe Stone, Blackhill Partners managing director. "TransCoastal benefited from our team's broad industry knowledge, derived from years in energy restructurings, that enabled us to complete the reorganization quickly."

TransCoastal's assets include primarily operated and non-operated properties located in the panhandle and north central regions of Texas. The company retained Blackhill managing directors Stone and Jeff Jones, and vice president Joel Brown to manage the restructuring. Steve Pezanosky and Autumn Highsmith both partners of law firm Haynes and Boone served as counsel to TransCoastal. The Blackhill team has more than 75 years' experience in energy restructuring, with expertise in both financial and operational restructuring and distressed mergers and acquisitions.

About Blackhill Partners
Headquartered in Dallas, Texas, Blackhill Partners, LLC is an investment bank specializing in complex situations. Blackhill's professionals have advised Fortune 500 and middle-market companies on over $100 billion of mergers, acquisitions, financings and restructurings across a broad range of industries, with particular depth in energy and industrial businesses. www.blackhillpartners.com

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SOURCE Blackhill Partners, LLC



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