Neal, Gerber & Eisenberg LLP represented affiliates of Sam Zell in their funding of a portion of a $271.4 million acquisition by Par Pacific Holdings, Inc. of Hermes Consolidated, LLC (dba Wyoming Refining Company). The firm represented the affiliates in arranging bridge financing in the form of mandatorily convertible notes to fund, which will be used to fund a portion of the purchase price, plus any shortfalls of anticipated proceeds from a $50 million pro rata rights offering.

Wyoming Refining owns and operates the 18,000 barrels per day (bpd) Newcastle, Wyoming refinery and related logistics assets. The transaction agreement was announced today and is expected to close in mid-July 2016.

The Neal Gerber Eisenberg team was led by David S. Stone with assistance from Beth J. Rosner.

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