As an associate in the Finance Practice Group, Brent Shultz focuses on the representation of financial institutions and borrowers in complex commercial loan transactions. More specifically, Brent has represented clients on syndicated credit facilities involving revolving credit facilities, term loans, letters of credit, and multi-currency financings as well as oil and gas reserve-based financings, subscription line credit facilities, and project financings. His industry-specific experience includes energy, banking, financial services, construction, defense, real estate, airline and a range of other industries.
Prior to joining Haynes and Boone, Brent was a financial analyst/strategic planner at ATA Airlines and was responsible for complex financial modeling, budgeting, and financial management. Brent earned his J.D. from the University of Houston Law Center, where he graduated magna cum laude and served as the Executive Editor of the Houston Law Review.
Selected Client Representations
- Assisted in the representation of the joint lead arrangers and bookrunners in connection with the $11.8 billion syndicated financing ($4 billion revolving credit facility, $5 billion bridge loan, and $2.8 billion term loan) for Phillips 66, in connection with its spinoff from ConocoPhillips to become a separate publicly traded company and largest independent refiner in the U.S.
- Assisted in the representation of the lead arranger and bookrunner, and administrative agent, in connection with a $250 million secured syndicated revolving credit facility for Suburban Propane, L.P., a wholly owned subsidiary of Suburban Propane Partners, L.P., a publicly traded master limited partnership engaged in nationwide marketing and distribution of, propane, fuel oil and refined fuels, and marketing of natural gas and electricity in deregulated markets.
- Assisted in the representation of the lead arranger and administrative agent in connection with $1 billion multicurrency syndicated senior credit facility for KBR, Inc., a global engineering, construction and services company and the world's largest defense services provider, with employees and operations throughout the world.
- Assisted in the representation of the administrative agent and lender in a $150 million senior secured credit facility for a borrower focused on the exploration and development of Eagle Ford properties.
Community Involvement
- Young Professionals for Children (Child Advocates), Fundraising Chair
- Young Professionals in Energy
- Young Professionals in Finance
- The Partnership for Baylor College of Medicine
- The Women’s Home
- Phi Delta Theta Houston Alumni Club
- Avon Walk for Breast Cancer (2008-2009)
- Friends for Life (2008-2009)
Selected Publications
- "30th Annual Review of Developments in Business Financing - Focus on the Oil and Gas Energy Patch,” contributor, with Theresa Einhorn, American Bar Association, Section of Business Law, March 2012.
Selected Representative Experience
Deutsche Bank/Green Energy Team Hawaii Biomass Project
Represented Deutsche Bank Securities Inc., as Mandated Lead Arranger and Lender for a $76.1 million loan facility to fund construction of a 7.5-megawatt (net) biomass-to-energy facility on the island of Kaua'i, Hawaii.
$150 Million Senior Secured Credit Facility
Represented administrative agent and lender in a $150 million senior secured credit facility for a borrower focused on the exploration and development of Eagle Ford properties.
$11.8 Billion Credit Facilties in Connection with Spinoff of Largest Independent U.S. Oil Refining Company
Represented the joint lead arrangers and bookrunners on the $11.8 billion syndicated financing ($4 billion revolving credit facility, $5 billion bridge loan, and $2.8 billion term loan) for Phillips 66, in connection with its spin off from ConocoPhillips to become a separate publicly traded company and largest independent refiner in the U.S.
$250 Million Senior Secured Syndicated Credit Facility for Propane and Refined Fuel Marketing Company
Represented lead arranger and bookrunner, and administrative agent, in connection with a $250 million secured syndicated revolving credit facility for Suburban Propane, L.P., a wholly owned subsidiary of Suburban Propane Partners, L.P., a publicly traded master limited partnership engaged in nationwide marketing and distribution of, propane, fuel oil and refined fuels, and marketing of natural gas and electricity in deregulated markets.
$1 Billion Credit Facility - Global Engineering, Construction and Services Company
Represented lead arranger and administrative agent in connection with $1 billion multicurrency syndicated senior credit facility for KBR, Inc., a global engineering, construction and services company and the world's largest defense services provider, with employees and operations throughout the world.