Cravath represented Credit Suisse, as administrative agent and collateral agent, in connection with the transaction.

Judge Russell Nelms approved access to the financing, which was provided on a superpriority, priming basis. The proceeds were used to repay an interim $10 million debtor-in-possession loan approved on December 9, 2015, and to fund working capital and general corporate purposes during the pendency of ENXP’s bankruptcy case. Energy & Exploration Partners, Inc., an independent exploration and production company, focuses on the acquisition, exploration, development, exploitation, and production of unconventional oil and natural gas resources in North America. The company, led by Hunt Pettit, Brian C. Nelson, John Richards, Tom D. McNutt and Jamie M. Howe Jr., is based in Fort Worth (TX). ENXP filed for bankruptcy on December 7, 2015, citing a sharp and protracted period of depressed commodity prices.The Cravath team included partner Paul H. Zumbro (Picture) and associates Gregory D. Beaton and Sean M. Linnehan. Involved fees earner: Paul Zumbro - Cravath Swaine & Moore; Gregory Beaton - Cravath Swaine & Moore; Sean Linnehan - Cravath Swaine & Moore;