Tuesday, June 24, 2014 2 www.tulsabusiness.

com
DAI LY BRI EFS
the Marsh ofce in Tulsa.
Swartz is responsible for delivering Marshs
industry-leading advisory and transactional
services to clients throughout the state.
He succeeds John Newell, who will remain
with Marsh in a South Central Partnership
leadership role.
Swartz brings 25 years of leadership and risk
management experience to his new role, most
recently serving as Marshs South Central Part-
nership environmental leader in Houston.
Prior to joining Marsh in 2002, Swartz spent
13 years at Law Engineering, where he held
various zone leadership positions throughout
the United States and abroad.
I am pleased that Tom has relocated to Tul-
sa to build on the legacy established by John
Newell and the rest of the Tulsa group, said
Bertil Olsson, Marshs South Central Partnership
Leader, to whom Swartz reports.
SPIRITBANK ANNOUNCES NEW
PRESIDENT AND CEO
SpiritBank has named Oklahoma banker Rick
Harper as its new President and CEO.
His hire is ofcial pending normal regulatory
approval and has already been approved by the
banks board of directors.
The banks board began a search in early May
for a President and CEO to oversee the daily
operations of the bank while longtime President
and CEO, Albert C. Kell Kelly, Jr., assumes the
role of Chairman of the Board vacated by his
uncle, the late Tracy Kelly.
Harper has been President and CEO of First
State Bank in Tahlequah for the last two years,
and he also served as Executive Vice President
and Chief Credit Ofcer of Citizens Bank of
Edmond for the three years prior.
Im excited to be joining this family bank
with its long and rich history in Oklahoma,
said Harper. Ill be joining the bank at a time
of great opportunity and success. Through the
current leadership, were poised to have the
best year in our nearly 100-year history.
Harper has a BBA in Finance from the Uni-
versity of Central Oklahoma, holds a Banking
degree from the Graduate School of Banking,
University of Wisconsin, and is a graduate of
the Oklahoma Bankers Association School of
Banking. He currently serves as Commissioner
for the Oklahoma Department of Consumer
Credit.
Rick is an excellent choice and will t very
well into the SpiritBank family culture, said
Albert C. Kell Kelly, Jr., SpiritBank Chairman.
He is an experienced banker with Oklahoma
roots and notable accomplishments. This is a
great step forward for our bank.
Briefs, from 1 Common unit offerings announced
Public common unit offerings and acqui-
sitions have been announced by Tulsa and
Oklahoma rms.
NGL ENERGY PARTNERS
NGL Energy Partners LP ofcials said
the Tulsa rm has priced its underwritten
public offering of 8 million common units
representing limited partner interests at
$43.85 per common unit.
NGL also granted the underwriters a
30-day option to purchase up to 1,200,000
additional common units. The offering is
expected to close June 23, 2014 subject to
customary closing conditions.
NGL intends to use the net proceeds
from this offering, including any net pro-
ceeds from the underwriters exercise of
their option to purchase additional common
units, to repay indebtedness and for general
partnership purposes, including capital ex-
penditures and potential acquisitions.
BofA Merrill Lynch, Barclays, Wells
Fargo Securities, Deutsche Bank Securities,
RBC Capital Markets, UBS Investment
Bank, Goldman, Sachs & Co. and Raymond
James are acting as the joint bookrunners for
the offering.
NGL Energy Partners LP ofcials an-
nounced also that the Partnership has
amended its revolving credit facility to in-
crease the total borrowing capacity by $472
million from $1.721 billion to $2.193 bil-
lion. The additional borrowing capacity is
allocated $400 million to the working capi-
tal facility and $72 million to the acquisition
facility. A $103 million accordion feature re-
mains in addition to the capacity increase.
WILLIAMS
Williams ofcials said the Tulsa rm has
priced a public offering of 53 million shares
of its common stock at $57 per share.
Williams also granted the underwriters
a 30-day option to purchase up to an addi-
tional 7,950,000 shares of common stock.
Williams intends to use the net proceeds
from the offering to nance a portion of its
acquisition of the 50 percent general part-
ner interest and 55.1 million limited partner
units in Access Midstream Partners, L.P.
held by certain Global Infrastructure Part-
ners funds that was previously announced
on June 15, 2014.
Citigroup, Barclays and UBS Investment
Bank are acting as joint book-running man-
agers.
This credit facility upsize provides NGL
exible and low cost funding to continue
driving growth and execute on our business
strategy, stated Atanas Atanasov, Chief Fi-
nancial Ofcer and Treasurer.
ACCESS MIDSTREAM PARTNERS
Access Midstream Partners, L.P. ofcials
conrmed that Williams Companies, Inc.
had entered into an agreement to acquire
all of the interests in both Access Midstream
Partners, L.P. and the Partnerships general
partner, Access Midstream Partners GP,
L.L.C, currently owned by Global Infra-
structure Partners II.
If this transaction is completed, Williams
will own and control the Partnerships gen-
eral partner and GIP will no longer have any
ownership interest in the Partnership or its
general partner.
Williams also announced a proposal re-
garding a possible merger transaction in-
volving the Partnership and Williams Part-
ners L.P.
The board of directors of the Partner-
ships general partner will carefully consider
any such proposal with its advisors and, if
appropriate, may authorize the conicts
committee of the board to consider such
proposal.
First, Id like to thank GIP for their
partnership with us, which dates back to
the pre-IPO formation of ACMP in 2009.
Since that time, they have provided superb
guidance and support that has allowed our
partnership to create substantial equity val-
ue for all of our unitholders, J. Mike Stice,
ACMPs CEO commented. I am also ex-
cited about ACMP being a part of the Wil-
liams family of companies. Since Williams
invested in ACMP in 2012, its been clear to
me that our companies share many common
values on matters such as customer service,
operational excellence and the focus on the
development of our employees. With re-
spect to the proposed merger of ACMP and
WPZ, I am condent that ACMPs board of
directors will engage in a thorough analysis
and process to provide a positive outcome
for ACMP unitholders.
CHESAPEAKE OILFIELD OPERATING
Oklahoma Citys Chesapeake Oileld
Operating, L.L.C., to be renamed Seventy
Seven Energy Inc. in connection with its
previously announced spin-off from Chesa-
peake Energy Corporation, ofcials the
pricing of $500 million in aggregate princi-
pal amount of 6.5 percent senior unsecured
notes due 2022 in a private placement under
Rule 144A and Regulation S of the Securi-
ties Act of 1933, as amended by the Securi-
ties Act to eligible purchasers.
The Notes mature on July 15, 2022 and
will be issued at par.
The company intends to use the net pro-
ceeds from the private placement to make a
cash distribution to COS Holdings, L.L.C.,
its direct parent, to repay all outstanding in-
debtedness under the companys new asset
backed lending credit facility to be entered
into in connection with the spin-off and for
general corporate purposes. The offering of
the Notes is not conditioned on the consum-
mation of the spin-off from Chesapeake.
The offering of the notes is expected to
close on June 26, 2014, subject to customary
conditions.
BY TBLN STAFF
news@tulsabusiness.com
so there was time to spend in various
European countries and she was able
to quickly learn the language.
Those travel experiences caused prob-
lems when she was working on her Mas-
ters Degree.
Students were required to select an
unfamiliar country and analyze problems
that were found. Europe was out because
she had visited so many countries.
Khan chose Sierra Leone in Africa.
The countrys economy depended
upon the shing industry and they had
a huge problem with shing pirates, she
said. People would come in and illegal-
ly poach the sh and destroy nets and
equipment in the process.
Those nets provided food and income
to the people in Sierra Leone, and be-
cause of the poverty it would take them
a year to replace the equipment.
Khan had to nd a solution that was
both feasible and economical.
She looked at the dry and wet seasons
and what might be done. The terrain
was considered to see ponds could be
developed that would support sh dur-
ing dry seasons.
The African Catsh was the species
that would best t that need for the vil-
lagers. The effort led to writing a grant
that was submitted to the World Com-
munity Organization.
Despite those world experiences,
Khan is happy to be in Tulsa with her
family. She also is happy to part of the
community and Tulsa County Bar As-
sociation.
I feel honored to be a part of this or-
ganization, she said.
Kahn, from 1