Milbank, Tweed, Hadley & McCloy LLP advised Canada-based integrated energy company Husky Energy on its successful acquisition of Superior Refinery, a 50,000 barrel per day refinery located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for US$435 million in cash.
The acquisition of Superior Refinery will increase Husky’s total downstream crude processing capacity to approximately 395,000 barrels per day (bbls/day). The transaction includes the acquisition of Superior Refinery’s associated assets and logistics, including two asphalt terminals, 3.6 million barrels of crude and product storage and a fuels and asphalt marketing business.
The transaction closed on November 8, 2017.
The Milbank team was led by New York Corporate partner John Franchini, New York Antitrust partner Fiona Schaeffer and senior associate Aaron Stine. Advice was also provided by Project, Energy and Infrastructure Finance partner Matthew Hagopian, Transportation and Space partner Dara Panahy, Technology and Outsourcing partner Nicholas Smith and associates Daniel Tyrrell, Kilian de Cintre and Bijan Ganji.
