Cimarron Energy acquires Diverse Energy Systems
Client(s) Turnbridge Capital, LLC
Jones Day advised Turnbridge Capital Management, LLC in connection with the acquisition and related financing by portfolio company Cimarron Energy Inc. of substantially all of the assets of Diverse Energy Systems, LLC and its affiliates pursuant to a Section 363 sale in bankruptcy. The financing consisted of an amendment to its existing senior secured term loan and senior secured revolving credit facility. Diverse provides integrated solutions with products and field operations from the wellbore to the pipeline and complements Cimarron's current product offering and geographic footprint.