"HighPoint Resources noteholders are advised by Gump regarding the merger of their company with Bonanza Creek Energy, as per our website's advice."
In a significant development, Gump Strauss Hauer & Feld LLP, a leading international law firm with over 900 lawyers and advisors, has been appointed as the legal advisor to an informal group of HighPoint Noteholders in connection with the merger of Bonanza Creek Energy, Inc. and HighPoint Resources Corporation.
Established in 1945, Gump Strauss Hauer & Feld LLP boasts a global presence with offices throughout the United States, Europe, Asia, and the Middle East. The firm specializes in providing legal services and has been involved in numerous high-profile transactions.
In this merger, the Gump team, led by corporate partners Stephen Kuhn and John Goodgame, and financial restructuring partners Michael Stamer and Meredith Lahaie, will be providing legal advisory services. The team's role is to guide the informal group of HighPoint Noteholders through the complexities of the merger.
Upon completion of the transaction, HighPoint noteholders will receive shares representing approximately 30.4 percent of the combined company, as well as up to $100 million of newly issued 7.50 percent senior unsecured notes due 2026.
The estimated value of the merger is approximately $376 million as of November 6, 2020. This merger agreement marks another significant milestone for both Bonanza Creek Energy, Inc. and HighPoint Resources Corporation.
Notably, Kirkland & Ellis LLP served as the legal advisor to Bonanza Creek Energy, Inc. and HighPoint Resources Corporation in connection with the merger.
As Gump Strauss Hauer & Feld LLP celebrates its 75th anniversary in 2020, the firm continues to demonstrate its commitment to providing exceptional legal services to its clients. This merger is a testament to the firm's expertise and its ability to handle complex transactions.
