Kirkland Advises EPIC Y-Grade on Agreements to Sell NGL Business to Phillips 66 for $2.2 Billion

Kirkland & Ellis advised EPIC Y-Grade, LP on its definitive agreements to sell its natural gas liquids (NGL) business to Phillips 66 (NYSE: PSX) for total cash consideration of $2.20 billion, subject to customary purchase price adjustments. EPIC Y-Grade owns long haul NGL pipelines and fractionation facilities that serve both the Permian and Eagle Ford basins.

Read EPIC Y-Grade’s press release

The Kirkland team included corporate lawyers Chad Smith, Will Eiland, Jonathan Benloulou, Bilal Iftikhar, Curtis French and Shelby Velasquez; tax lawyers David Wheat and Joe Tobias; and debt finance lawyers Lucas Spivey and Marco Chan.