Shearman And Sterling

News May 21, 2020

Diversified Gas & Oil Corporation $1.5 Billion Amended Revolving Credit Facility

Shearman & Sterling advised KeyBank National Association as administrative agent on the Seventh Amendment to a $1.5 billion senior secured revolving credit facility for Diversified Gas & Oil Corporation to provide working capital for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing wells), for acquisitions of Oil and Gas Properties and to finance other general corporate purposes.

Diversified Oil & Gas Holdings, Ltd., an investment venture capital company, engages in the exploitation and distribution of oil and gas reserves in the United States. The company also has joint ventures with Tyche Energy, Inc. and Hydroslotter Coporation. It was formerly known as Biogenerics Limited and changed its name to Diversified Oil & Gas Holdings in July 2007. The company is based in Tyler, Texas.

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