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Bracewell Represents Venoco, Inc. in Financing of Going-Private Transaction

October 9, 2012

Bracewell & Giuliani LLP represented Venoco, Inc. in the financing of its going-private merger.

As part of the closing of this go-private transaction, Venoco closed a $315 million senior secured second lien term loan and an amended and restated $500 million revolving credit facility, with an initial borrowing base of $175 million and initial commitments of $156 million. Venoco’s new parent company also closed a $60 million financing.

Venoco is an independent energy company headquartered in Denver and is primarily engaged in the acquisition, exploitation and development of oil and natural gas properties primarily in California.