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Bracewell Represents Wells Fargo in Acquisition of BNP Paribas' North American Reserve-Based Lending Unit

February 28, 2012

HOUSTON — Bracewell & Giuliani LLP is representing Wells Fargo Bank in its purchase of the North American reserve-based lending unit of BNP Paribas. Wells Fargo acquired $9.5 billion of total loan commitments, including $3.9 billion in funded balances.

Around 90 percent of the reserve- based and related diversified energy lending portfolio is U.S.-based, with the remainder primarily located in Canada.

Bracewell acted as oil and gas lending counsel to Wells Fargo and undertook due diligence on the portfolio. Bracewell also crafted and closed the documentation for the loan and agency transfers.

Bracewell attorneys working on the matter include:

Partners: Mark C. Evans, Robin J. Miles, Ron I. Erlichman, Dewey J. Gonsoulin, Mark D. Holmes, Nancy Jo Nelson, Lisa A. Smith,Thomas M. Tomlinson, and Manuel Vera

Associates: Stephen M. Boone, Jeris D. Brunette, Lauren Kate Champion, G. Adam Dempsey, Jennifer N. Dill, Mark E. Dendinger, William H. Ebert, Marcus D. Friedman, Mona M. Guidry, Christopher D. Heard, Laura S. Martone, Soham D. Naik, Mary M. O’Black, Jennifer L. Owen, Robert S. Palumbo, Katrina K. Papetti, Anna Rozin, Elena V. Rubinov, Adam B. Shane, Joshua Z. Smilovitz, Molly E. Tucker, Anthony E. Wehrs, Kristen A. Wong, and Michael C. Yates