Templar Energy and Le Norman Fund I Announce the Closing of the Forest Oil Texas Panhandle Asset Acquisition
OKLAHOMA CITY, Nov. 26, 2013 /PRNewswire/ -- Templar Energy LLC and its wholly owned operating subsidiary, Le Norman Operating LLC, (the "Company") and its joint venture partner Le Norman Fund I LLC, announce the closing of the acquisition of Texas Panhandle Assets from Forest Oil Corporation. The Company financed the acquisition with a combination of equity from its financial sponsors First Reserve, Trilantic Capital Partners, Cohesive Capital Partners and the Company's management team, and borrowings from its new 1st lien and 2nd lien debt facilities. Le Norman Fund I LLC financed the acquisition with proceeds from Le Norman Properties, LLC, David D. Le Norman, and Carlyle Energy Mezzanine Opportunities Fund, L.P.
For Further Information Contact:
David D. Le Norman, President
SOURCE Templar Energy LLC