Anthony Sanderson
Overview
Anthony Sanderson is a capital markets partner in the Washington, D.C., and Houston offices of Kirkland & Ellis LLP. His practice focuses on corporate finance and securities law, including securities offerings, mergers and acquisitions, and acquisition financings.
He has extensive experience advising private equity funds and their portfolio companies, public companies and investment banks on complex debt and equity capital markets transactions, including high-yield, investment-grade and convertible debt offerings, initial public offerings and other equity offerings. He also regularly represents private equity-backed and public companies in connection with exchange offers, tender offers, consent solicitations and other restructuring and liability management transactions.
Earlier in his legal career, Anthony worked in London, where he represented public and private companies in international financing and cross-border private equity transactions. He previously completed a leadership development program at The Boeing Company (NYSE: BA), with a particular emphasis on SEC financial reporting, financial planning and manufacturing management.
Experience
Representative Matters
High-Yield & Other Debt Offerings
- Underwriters to Blue Owl Capital Corporation (NYSE: OBDC) in its $400 million public offering of senior notes
- Underwriters to Exxon Mobil Corporation (NYSE: XOM) in its $172 million public offering of floating rate notes due 2074
- Summit Midstream Holdings, LLC, a subsidiary of Summit Midstream Partners, LP (NYSE: SMLP), in connection with its offering of $575 million of 8.625% senior secured second lien notes due 2029 and concurrent tender offer for certain of its outstanding notes
- Civitas Resources, Inc. (NYSE: CIVI) in its dual tranche 144A/Reg S offering of $2.7 billion in senior unsecured notes
- Railworks Holdings, LP and Railworks Rally, Inc. on their inaugural private offering of $325 million of 8.250% senior secured second lien notes due 2028 in connection with the acquisition of RailWorks Corporation
- Initial purchasers in the private offering of $1.6 billion 8.625% senior notes due 2030 by Weatherford International Ltd., a wholly owned subsidiary of Weatherford International plc (NASDAQ: WFRD), and the concurrent tender offer to repurchase $1.6 billion of its outstanding senior notes
- Initial purchasers in the private offering of $500 million 6.500% senior secured first lien notes due 2028 by Weatherford International Ltd., a wholly owned subsidiary of Weatherford International plc (NASDAQ: WFRD)
- Strathcona Resources Ltd. in its inaugural offering of $500 million of its 6.875% senior notes due 2026
- Empark, a Macquarie portfolio company, on its €575 million offering of senior secured notes and €100 million super senior revolving credit facility*
- Initial purchasers to Altice International in its $3 billion offering of senior secured notes*
- Initial purchasers to Vine Energy Inc. (NYSE: VEI), a Blackstone portfolio company, in its $950 million offering of senior notes*
- Initial purchasers to New Fortress Energy Inc. (NASDAQ: NFE) in connection with its $1.5 billion offering of senior notes and its $200 million revolving credit facility in a committed financing package for the acquisition of Hygo Energy Transition Ltd. and Golar LNG Partners LP*
- Oasis Midstream Partners LP (NASDAQ: OMP) in its inaugural senior notes offering of $450 million senior notes*
- A private homebuilder in its $400 million offering of senior notes*
- Initial purchasers to Aethon United in its inaugural $750 million offering of senior notes*
- Underwriters to Southwestern Energy Company (NYSE: SWN) in its $350 million public offering of senior notes*
- First Quantum Minerals Ltd. (TSX: FQM) on its $750 million offering of additional senior notes*
- Initial purchasers to Ithaca Energy’s $500 million offering of senior notes*
- Carlyle Global Credit and Park Square Capital in connection with their purchase of €210 million PIK notes issued in connection with a dividend recapitalization of a portfolio company of a leading private equity firm*
- Initial purchasers to Neptune Energy, a portfolio company of Carlyle, CVC and the China Investment Corporation (CIC), on its $300 million offering of additional senior notes*
- First Quantum Minerals Ltd. (TSX: FQM) on its $1.85 billion offering of senior notes*
- Vistra Corp. (NYSE: VST) on its $1 billion offering of senior notes and its related $1.7 billion cash tender offers*
- Initial purchasers to a leading coffee machine manufacturer on its offering of €550 million senior secured notes*
IPOs & Equity Offerings
- Talen Energy Corporation (NASDAQ: TLN) in its initial listing on the NASDAQ Global Select Market
- Underwriters to Vine Energy Inc. (NYSE: VEI), a Blackstone portfolio company, in its $346 million initial public offering of Class A common stock*
- Summit Midstream Corporation (NYSE: SMC) on its reorganization from a master limited partnership to a corporation
- Ramaco Resources, Inc. (NASDAQ: METC, METCB) in its public offering of 9.4 million shares of “tracking stock” as Class B common stock and reclassification of its existing common stock as Class A common stock
- Southwestern Energy Company (NYSE: SWN) and selling stockholders in connection with an underwritten secondary offering of 63,976,376 shares of common stock for gross proceeds to the selling stockholders of $328 million
- Underwriters to Southwestern Energy Company (NYSE: SWN) in its $158 million public offering of common stock*
- Petra Diamonds, a rough diamonds producer listed on the London Stock Exchange, on the U.S. securities law aspects of its $178 million equivalent fully underwritten rights issue*
Mergers & Acquisitions
- Gogo Inc. (NASDAQ: GOGO) in its acquisition of Satcom Direct, an in-flight connectivity provider serving the business aviation and military/government mobility markets
- SM Energy Company (NYSE: SM) in its $2.55 billion acquisition of Uinta Basin assets from XCL Resources, LLC, and Northern Oil and Gas, Inc. (NYSE: NOG) in its concurrent $510 million acquisition of an undivided 20% stake of the oil and gas assets of XCL Resources, LLC
- Oaktree Capital Management in its pending $420 million acquisition of Ambac Assurance Corporation, the financial guarantee business of Ambac Financial Group
- GTCR in its $2.7 billion acquisition of AssetMark (NYSE: AMK), a provider of a wealth management technology platform for financial advisors
- Southwestern Energy Co. (NYSE: SWN) in its merger with Chesapeake Energy Corp. (NASDAQ: CHK) to create $24 billion combined company
- TG Natural Resources LLC in its $2.7 billion acquisition of Rockcliff Energy II LLC, an upstream natural gas company focused on the East Texas Haynesville shale
- Civitas Resources, Inc. (NYSE: CIVI) in its $2.45 billion definitive agreement to acquire oil producing assets in the Delaware Basin from Tap Rock Resources, a portfolio company of NGP Energy Capital Management
- Civitas Resources, Inc. (NYSE: CIVI) in its $2.25 billion definitive agreement to acquire oil producing assets in the Midland Basin from Hibernia Energy III, a portfolio company of NGP Energy Capital Management
- Inmarsat and its controlling consortium on the $7.3 billion combination with Viasat, Inc. (NASDAQ: VSAT)
- Ovintiv Inc. (NYSE: OVV) in its $4.275 billion acquisition of all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, and the concurrent $825 million sale of its Bakken assets
- Riley Exploration Permian, Inc. (NYSE: REPX) in its $330 million acquisition of oil and gas assets in the Permian Basin from Pecos Oil & Gas, LLC
- Mas CanAm LLC in its $355 million sale of three renewable natural gas landfill assets to Kinder Morgan Inc.
- PropTech Investment Corporation II (NASDAQ: PTIC), a special purpose acquisition company, in its $575 million business combination with RW National Holdings (d/b/a Appreciate), the parent holding company of Renters Warehouse, an end-to-end Single Family Rental (SFR) marketplace and management platform
- Indigo Natural Resources LLC in its $2.7 billion merger with Southwestern Energy Company (NYSE: SWN)
- KKR on its investment in OutSystems, the global leader in low-code rapid application development, as part of a $360 million investment round (together with Goldman Sachs)*
- TowerBrook Capital Partners on its investment in ACPS, a German manufacturer of tow bars with operations in Europe and the Americas*
- A Big Four accounting firm on its purchase of certain assets from an identity and access management company based in Silicon Valley*
Restructurings & Liability Management Transactions
- Unsecured creditor group of Talen Energy, one of the largest competitive power generation companies in North America, in connection with its Chapter 11 reorganization and $1.4 billion recapitalization led by the unsecured creditor group, which emerged as the new majority equity owners of the reorganized company
- Team, Inc. (NYSE: TISI), a global provider of integrated, digitally enabled asset performance assurance and optimization solutions, regarding ongoing financing restructuring efforts and strategic review of its capital structure, including Team’s entry into a $50 million delayed draw subordinated term loan facility
- Jonah Energy in connection with its out-of-court restructuring, which deleveraged its balance sheet by approximately $580 million through a combination of transactions including a cash tender offer for its senior notes, the redemption of all non-tendered notes, a fully-backstopped equity rights offering to fund $85 million of new equity investment from all eligible existing noteholders, and entry into an amended and restated credit facility with an initial borrowing base of $750 million*
* Denotes experience prior to joining Kirkland.
Prior Experience
Vinson & Elkins LLP, London & Houston
Sidley Austin LLP, London
Business Career Foundation Program, The Boeing Company
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Credentials
Admissions & Qualifications
- District of Columbia
- Texas
- New York
Education
- King's College LondonLL.B.2016
Dickson Poon Scholar
President, King's College London Law Society
- Duke UniversityB.A., Public Policy
with Distinction, magna cum laude
2011Phi Beta Kappa
Benjamin N. Duke Scholar