Andeavor Completes Merger of Andeavor Logistics and Western Refining in $1.7 Billion Transaction and Repositioning of Andeavor Logistics Through IDR Buy-In Valued at $3.6 Billion

October 30, 2017

S&C represents Andeavor in connection with the merger of Andeavor Logistics LP and Western Refining Logistics, LP in a unit-for-unit transaction for a total enterprise value of $1.7 billion, including net debt, and in connection with a buy-in of Andeavor Logistics' incentive distribution rights valued at $3.6 billion.
The S&C team on the transaction was led by Frank Aquila and Krishna Veeraraghavan, along with Carlo Zenkner and Miaoting Wu. Catherine Clarkin, Jennifer Lee and So Yeon Kim advised on securities matters, Heather Coleman and Sarah Remmer Long advised on executive compensation and benefits matters, and Ronald Creamer and Dana Brodsky advised on tax matters.