Beach Energy $1.585 billion acquisition of Lattice Energy

Overview:

• Beach Energy has made a $1.585 billion bid to acquire Lattice Energy.
• Lattice is the conventional oil and gas business of Origin Energy and will increase Beach's proved reserves by 200%.
• The deal will also see Origin receive a "significant portion" of Lattice's gas supply from its east coast reserves, according to Bloomberg.
• The underwriters, Credit Suisse, Goldman Sachs and UBS, have acted on both deals providing the funding for the acquisition - a $1.575 billion new senior secured syndicated debt facilities deal and a $301 million accelerated non-renounceable facilities offer.
• Credit Suisse and Luminis Partners provided financial advice to Beach.

Katrin Kostadinova - Data analyst