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MassMutual enters into approximate $840 million transaction for purchase and financing of natural gas assets located in Pennsylvania and West Virginia

September 2022

Client(s) Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company

Jones Day represented Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company in connection with (a) the acquisition and financing of asset-backed notes and certificates the proceeds of which were used to acquire proved, developed, and producing ("PDP") natural gas assets in Pennsylvania and West Virginia and (b) the formation of a limited partnership and the subsequent acquisition of six proven-undeveloped natural gas wells located in Pennsylvania and West Virgina. Commodity price hedges were entered into at closing with respect to the PDP assets.

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