Holland & Knight advised Elk Range Royalties II LP (Elk Range II) on the upsize and syndication of its existing credit facility with Texas Capital Bank, in connection with Elk Range Royalties' landmark acquisition of DJ Basin mineral and royalty interests from affiliates of Occidental (NYSE: OXY). The transaction was announced on March 21.
The upsize of the Elk Range II credit facility was used to finance a portion of the purchase price for the DJ Basin acquisition.
Dallas-based Elk Range Royalties is an active buyer of mineral and royalty interests across multiple U.S. basins. Since 2020, Elk Range Royalties has partnered with investment firm NGP Energy Capital Management.
Holland & Knight Partner Kurt Summers (Financial Services) led the firm's representation of Elk Range II. He was assisted by Partner Lev Prichard and Associates Jordan Paine and Alex Tran (Financial Services).
Original source can be found here.