Vanquish Energy LLC is a newly formed Delaware limited liability company to which Milagro will transfer substantially all of its assets in connection with the consummation of the exchange offer.
Proceeds will be used to repay borrowings, replace temporary importation bond credit facilities, pay transaction fees and expenses, and for general corporate purposes.
Proceeds will be used to partially fund the acquisition of an additional 45% interest in each of Gas Transmission Northwest LLC and Bison Pipeline LLC from TransCanada Corp.