Select Significant Matters

Oil & Gas Finance

• A leading Rocky Mountain independent natural gas producer in its reserve-based lending facility with aggregate commitments of US$500 million secured by operated properties in Wyoming.
• A private oil and gas company specializing in operating assets and their corresponding midstream infrastructure in its reserve-based lending facility secured by properties across several basins.
• Natural gas producer Comstock Resources, Inc. in its reserve-based lending facility with an initial borrowing base of US$2.0 billion and an elected commitment of US$1.5 billion.
• A sponsor-backed exploration and production company in a syndicated reserve-based lending facility with aggregate commitments of approximately US$400 million secured by operated and non-operated oil and gas properties in the Permian Basin, Central Basin Platform and Delaware Basin.
• A sponsor-backed exploration and production company in an acquisition financing of non-operated oil and gas properties in the Permian and Denver-Julesburg basins with aggregate commitments of approximately US$250 million.
• A sponsor-backed exploration and production company in an acquisition financing of operated and non-operated oil and gas properties in the Bakken basin with aggregate commitments of approximately US$250 million.
• J.P. Morgan Ventures Energy Corporation, as royalty owner, in purchase of an approximately US$222 million volumetric production payment transaction for Antero Resources.
• Citibank N.A., as administrative agent, in the US$750 million secured reserve-based oil and gas borrowing base credit agreement for a privately held offshore exploration and production company.
• A sponsor-backed midstream company, as borrower, in a secured US$50 million loan facility with a nationally recognized bank as administrative agent and lender.
• Toronto-Dominion (Texas) LLC, as first lien administrative agent, in connection with the amendment and restatement of a US$750 million syndicated reserved-based loan to W&T Offshore, a deep water Gulf of Mexico oil and gas producer.
• A sponsor-backed exploration and production portfolio company, as borrower, in a secured oil and gas reserve-based borrowing base credit facility of up to US$50 million with a nationally recognized bank as administrative agent and lender.
• A sponsor-backed exploration and production portfolio company, as borrower, in a secured oil and gas reserve-based borrowing base credit facility of up to $US90 million with a nationally recognized private investment firm as Administrative Agent and Lender.
• A major French bank as Administrative Agent in several reserve-based borrowing base credit facilities.
• A lending affiliate of a major money center bank as Administrative Agent in a US$500 million borrowing base exit credit facility with Energy XXI Gulf Coast, Inc., secured by oil and gas properties in the Gulf of Mexico.
• A major Canadian bank as Administrative Agent in a syndicated US$300 million acquisition financing of oil and gas properties in Colorado.
• Citibank, N.A. as Administrative Agent in a US$1.7 billion Reserve-backed borrowing base loan to Fieldwood Energy.

Energy Transition Finance

• An independent multi-national energy commodities trading company in its investment in various renewable natural gas projects as lender via note purchase agreements.
• A renewable power company specializing in development and operation of distributed solar energy and storage, as borrower, in its development capital term loan facility with aggregate commitments of US$60 million.

Private Equity

• A sponsor-backed manufacturer, marketer and distributer of a line of finished lubricants in its senior secured asset-based credit facility with term loan and revolving loan commitments.
• A sponsor-backed national full-service managed IT service provider in its senior secured credit facility in connection with several add-on acquisitions.
• A private equity firm in its leveraged buyout of a full-service public affairs and communications firm consisting of a term loan and revolving credit facility provided by a direct lender.
• A private equity firm in its leveraged buyout of a company specializing in bulk storage and processing of chemicals consisting of a term loan of approximately US$140 million and a revolving facility with aggregate commitments of approximately US$15 million.
• A sponsor-backed portfolio company specializing in a cloud-based point-of-sale software in its leveraged buyout of a software company consisting of a term loan of over US$200 million and a revolving facility with aggregate commitments of approximately US$20 million.
• A sponsor-backed healthcare technology and support provider, as borrower, in a US$39 million credit facility provided by a nationally recognized commercial bank.
• A sponsor-backed semi-trailer and storage container rental business, as borrower, in connection with first and second lien credit facilities.
• A sponsor-backed regional leader in healthcare laundry services, as borrower, in a US$47.5 million multi-lender credit facility.
• A sponsor-backed manufacturer and distributor of abrasives and blasting equipment in cross-border first and second lien credit facilities.
• A sponsor-backed records retrieval service provider in a US$133 million credit facility with a nationally recognized credit provider.

Private Credit/Direct Lending

• An Austin based private credit fund, as administrative agent and lender, in connection with a secured term loan facility to an online customer-delivery service.
• A Dallas based family office, as lender, in US$42.5 million senior secured loans to two physician groups with corporate practice of medicine law implications.

Digital Asset Finance

• A cryptocurrency miner, as issuer, in a Rule 506(c) private placement of 1,000 BTC in Bitcoin-denominated promissory notes, secured by a first-priority all assets lien.
• A syndicate of lenders in a US$123.5 million term loan acquisition financing to a borrower formed to be an owner and operator of fully integrated environmentally clean bitcoin mining facilities in the United States.
• A multi-national social trading and multi-asset brokerage company in negotiating a master loan and security agreement provided by a full-service financial provider in the digital asset space.