Latham Advises on Saturn Oil & Gas Inc.’s Transformative Acquisition and Debt Recapitalization

Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) (the Company) has announced that the Company has entered into a definitive purchase agreement for the strategic acquisition of two oil-weighted asset packages in southern Saskatchewan for total net cash consideration of approximately US$525 million (the Acquisition). In connection with the Acquisition and related refinancing of existing indebtedness of the Company, Goldman Sachs has agreed to provide a debt commitment, subject to customary conditions, for a US$625 million 364-day bridge loan facility (the Bridge Facility).

Latham & Watkins advises the lead arranger, Goldman Sachs, on the transaction with a corporate deal team led by Austin partners Michael Chambers, David Miller, and Samuel Rettew, with associates Paul Robe, Celia Mishra, and Carol Bale.