[Context: The Carlyle Group received the go-ahead from the FTC for its preferred equity investment in Natural Gas Partners-backed Wildhorse Resource Development (NYSE: WRD). According to an SEC filing, the preferred stock sale will help partially fund WildHorse’s acquisition of East Texas Eagle Ford assets from Anadarko (NYSE: APC) and KKR. Terms include a cash payment to Anadarko and issuance of millions of shares to KKR. (Interestingly, The Carlyle Group owns a 47.5% stake in Natural Gas Partners.) Details are below and legal advisors are below.]

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