Energy Partners completes acquisition of oil-weighted Gulf of Mexico Properties, completes Senior Notes private placement, and enters into new credit facility

Client(s) Energy Partners, Ltd.

Jones Day advised Energy Partners, Ltd, an independent oil and natural gas exploration and production company, in connection with its $200.7 million acquisition of oil-weighted Gulf of Mexico shelf properties from Anglo-Suisse Offshore Partners, LLC, and the related closing of $210 million of 8.25% Senior Notes due 2018 in a Rule 144A private placement, the proceeds of which were used to fund the acquisition. Additionally, Energy Partners entered into a $250 million credit facility with $150 million of undrawn revolving capacity.