DLA Piper advises Six One Commodities in closing of US$540 million revolving credit facility
DLA Piper represented Six One Commodities LLC, a natural gas and power merchant, on the energy and commodity aspects of a US$540 million, one-year revolving borrowing base credit facility, which closed on October 25, 2021.
“It was a pleasure to bring to bear our extensive commodities industry experience to advise Six One Commodities in this transaction, which will support our client’s continued growth and expansion in the North American market,” said Deanna Reitman, who led the DLA Piper deal team.
In addition to Reitman, the DLA Piper team advising Six One Commodities included Glenn Reitman, Jeffrey Bourdon, Annette Moreno and Michael Mapp (all of Houston).
DLA Piper’s Commodities group is made up of experienced and industry-focused attorneys, serving as a one-stop shop for traders, marketers, transporters, financiers and producers of commodities by providing assistance with regulatory and compliance issues, transactions of all types and dispute resolution. The firm’s core team of commodity-focused lawyers regularly counsels on matters central to the commodity business, including regulatory and compliance obligations, materials and training; OTC and on-exchange trading, hedging and risk issues; structured deal-making and trade finance, including cross-border transactions; vessel-owning and chartering matters; physical infrastructure development and utilization; and litigation and arbitration throughout the world. For more information regarding DLA Piper’s Commodities group, please contact CommoditiesGroup@us.dlapiper.com.