Bridger Pipeline entered into a 50-50 joint venture arrangement involving itself, Phillips 66 and related financings. Our firm represented Bridger Pipeline in the deal. The joint venture – Liberty Pipeline LLC – will construct and operate a crude oil pipeline linking oil fields in the Bakken (North Dakota) to Cushing, Oklahoma, where crude oil can be further shipped via pipeline to the Gulf of Mexico.
We advised Bridger Pipeline on the joint venture agreement, facilities construction management agreement, operating agreement, guaranties, term loan and revolving credit facilities to finance Bridger Pipeline’s investment in Liberty Pipeline.
