Shoreline Energy LLC

• 11/02/16 Recap: Privately-owned Gulf of Mexico and Louisiana focused energy and exploration company files for bankruptcy backed by a $50mm DIP from Morgan Stanley Energy Capital (of which $32mm represents a rollup) and an RSA to sell the company to an affiliate of Highbridge Capital LLC, a second lien lender.  
• Jurisdiction: S.D. of Texas
• Capital Structure: $150mm RBL (Morgan Stanley), $160mm second lien TL, $71mm unsecured note (Sankaty Advisors LLC)    
• Company Professionals:
  • Legal: Jones Day (Thomas Howley, Paul Green, Jonathan Fisher, Cassie Suttle) & (conflicts counsel) Jackson & Walker LLP (Patricia Tomasco)
  • Financial Advisor: Imperial Capital LLC (Robert Warshauer, Justin Byrne, Kyle Anderson, John Radigan)
  • Claims Agent: Prime Clerk (*click on company name for docket)
• Other Parties in Interest:
  • DIP Lender: Morgan Stanley Energy Capital
    • Legal: Simpson Thacher (Nicholas Baker)
    • Financial Advisors: FTI Consulting
  • Second Lien Lender: Highbridge Capital/HPS Investment Partners LLC
    • Legal: Vinson & Elkins (William Wallander, Bradley Foxman, Reese O'Connor)
  • Unsecured Creditors' Committee
    • Legal: Arent Fox LLP (Robert Hirsh, George Angelich, Jordana Renert) & (local) Royston Rayzor Vickery & Williams LLP (Kevin Walters, Eugene Barr)
    • Financial Advisor: Conway MacKenzie LLC (John Young)

Updated 12/30/17