Skip to main content


  • AddRemove
  • Build a Report 
News Releases

Mayer Brown represents New Gulf Resources, LLC on $500 million high yield offerings of senior secured and subordinated PIK toggle notes

6 June 2014
Mayer Brown, a leading global law firm, advised New Gulf Resources, LLC, an Oklahoma-based oil & gas exploration and production company, on concurrent private high-yield notes offerings of $365 million 11.75% senior secured notes due 2019 and $135 million subordinated payment-in-kind (PIK) toggle notes due 2019 with warrants. New Gulf Resources used the proceeds of the high yield bonds to acquire more than 80,000 acres of oil & gas properties in Texas. Global Hunter Securities and The Seaport Group acted as the placement agents in the offering.

The Mayer Brown team of lawyers on both matters included: Corporate & Securities partners Kirk Tucker, Harry Beaudry (both Houston) and John Berkery (New York) and associates Cynthia Mabry, John Furlow, Kristen Ford (all Houston) and Mandee Lee (New York); Banking & Finance partner Paul Astolfi and associate Robert O'Leary (both Chicago); Tax Transactions & Consulting partner Ed Osterberg (Houston); Employment & Benefits associate Elizabeth Dyer (Chicago); Government & Global Trade partner David Bloom (Washington DC); and Litigation & Dispute Resolution counsel Roger Patrick (Washington DC).

Related Information

  • Related People
    James K. Tucker
    T +1 713 238 2500
    Harry R. Beaudry
    T +1 713 238 2635
    John P. Berkery
    T +1 212 506 2552
    Paul J. Astolfi
    T +1 312 701 8028
    Edward C. Osterberg Jr.
    T +1 713 238 2666
    Roger W. Patrick
    T +1 202 263 3343
    Cynthia M. Mabry
    T +1 713 238 2686

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.