In the News

Haynes and Boone Advises in $73 Million Construction Loan for Hawaiian Biomass Facility Construction

A team of Haynes and Boone, LLP attorneys advised Deutsche Bank in arranging a loan to fund construction of a $73 million, 7.5-megawatt (net) biomass-to-energy facility near Koloa on the Hawaiian island of Kaua’i that will sell its output to Kaua’i Island Utility Cooperative (KIUC). >>



Recent Publications

Dodd-Frank Revisited

The Dodd-Frank Act is a long, complicated law that is several times longer than the Sarbanes-Oxley and Glass-Steagall Acts combined and energy companies will need to react to changes to the ways commodities are hedged in the United States as more regulations promulgated to implement the law. >>



Kenneth Adams

Associate

Houston


1221 McKinney Street
Suite 2100
Houston, Texas 77010
T +1 713.547.2037
F +1 713.236.5407

Areas of Practice

Education

  • J.D., University of Houston Law Center, 2009, cum laude, Order of the Barons, Research Editor, Houston Law Review
  • B.S., Economics, University of Texas at Arlington, 2006, magna cum laude

Bar Admissions

  • Texas, 2009

Languages

  • Spanish
Kenneth Adams

Kenneth Adams is an associate in the Finance Practice Group in the Houston office of Haynes and Boone, LLP. His practice is primarily focused on the representation of financial institutions and borrowers in complex commercial loan transactions.

Kenneth has represented:

  • Lead agents, arrangers, lenders and borrowers in various industries in connection with syndicated loan transactions involving revolving credit facilities, term loans, first and second lien facilities, subordinated loans, acquisition financings, and hedging transactions.
  • Lenders and borrowers in oil and gas reserve-based and asset-based financings.
  • Lenders and borrowers in loan workouts and restructurings.
  • Agents, arrangers and lenders in connection with subscription secured credit facilities.
  • Sellers and purchasers in acquisitions and divestitures and other corporate transactions.
  • Companies in private placements of debt.

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.
  • "Dodd Frank-Revisited," co-author with Jeff Nichols, Oil and Gas Investor, June 2011.
  • "29th 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, April 2011.

Selected Representative Experience


Signature Memorial Private Equity Investment
Represented Signature Memorial Investments, LLC in obtaining an equity contribution from a private equity group and amended and restated the existing credit facility to add a borrower and an advancing term loan facility, and to facilitate the release of an existing borrower and individual guarantors.

$500 Million Senior Secured Syndicated Credit Facility for New Midstream Energy Limited Partnership
Represented Wells Fargo Securities, LLC as lead arranger and Wells Fargo Bank, N.A. as administrative agent in connection with $500 million senior secured syndicated credit facility for QEP Midstream Partners, LP, a midstream energy master limited partnership with assets in Wyoming, Colorado, Utah and North Dakota.

EnerVest Energy Institutional Fund XIII Credit Facilities
Represented EnerVest Energy Institutional Fund XIII in the negotiation, documentation and simultaneous closing of revolving credit facilities equal to $1.3 billion.

$250 Million Syndicated Credit Facility in Connection with IPO of Midstream Energy Master Limited Partnership
Represented RBS Securities Inc. as lead arranger and JPMorgan Bank, N.A. as administrative agent in $250 million syndicated credit facility in connection with IPO of Phillips 66 Partners LP, a midstream energy master limited partnership formed to operate crude oil, refined petroleum product and natural gas liquids pipeline, terminal and storage systems in the Central and Gulf Coast regions of the U.S.

$500 Million Syndication Credit Facility in Connection with IPO of Master Limited Partnership
Represented the joint lead arrangers and the administrative agent in connection with a $500 million revolving credit facility in connection with the IPO of MPLX L.P., a master limited partnership formed by Marathon Petroleum Corporation.

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.

$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.

$2 Billion Syndicated Credit Facility for Master Limited Partnership
Represented lead arranger and administrative agent in connection with $2 billion syndicated credit facility for Enbridge Energy Partners, L.P., a publicly traded master limited partnership that owns and operates oil and natural gas transportation, storage, processing and marketing assets.

$200 Million Hedged Crude Oil Inventory Credit Facility
Represented lead arranger and administrative agent in connection with a $200 million syndicated revolving credit facility for Sunoco Partners Marketing & Terminals L.P., a subsidiary of Sunoco Partners, L.P., a publicly traded master limited partnership engaged in the business of owning and operating crude oil and refined products pipelines and terminaling and storage facilities, and crude oil acquisition and marketing assets.

$350 Million Syndicated Credit Facility
Represented lead arranger and administrative agent in connection with $350 million syndicated revolving credit facility for Sunoco Logistics Partners Operations, L.P., a wholly owned subsidiary of Sunoco Logistics Partners L.P., a NYSE listed publicly traded master limited partnership engaged in the business of owning and operating crude oil and refined products pipelines and terminaling and storage facilities, and crude oil acquisition and marketing assets.

$7.5 Billion Syndicated Credit Facility - Integrated International Energy Company
Represented the joint lead arrangers and the administrative agent in connection with a $7.5 billion multicurrency revolving credit facility for an integrated international energy company.

$1.2 Billion Credit Facility - Natural Gas Pipeline Master Limited Partnership
Represented lead arranger and administrative agent in connection with $1.2 billion syndicated senior credit facility for ONEOK Partners, L.P., one of the largest publicly traded master limited partnerships (formerly known as Northern Border Partners), engaged in gathering, processing, storage and transportation of natural gas.

$1 Billion Credit Facility - Pipeline Master Limited Partnership
Represented the lead arranger and the administrative agent in connection with the $1 billion syndicated revolving credit facility for El Paso Pipeline Partners Operating Company, L.P., the operating company subsidiary of El Paso Pipeline Partners L.P., a publicly traded master limited partnership and the largest operator of interstate natural gas pipelines in North America.

$1.2 Billion Credit Facility - Natural Gas Distribution and Marketing Company and Public Utility
Represented lead arranger and administrative agent in connection with $1.2 billion syndicated credit facility for ONEOK, Inc., a public company engaged in natural gas distribution and marketing, and providing service as a regulated public utility to wholesale and retail customers. It is the sole general partner of ONEOK Partners, L.P., one of the largest publicly traded master limited partnerships.

$1.5 Billion Syndicated Credit Facility
Represented the joint lead arrangers and the administrative agent in connection with the $1.5 billion senior syndicated credit facility for EQT Corporation, one of the largest natural gas producers in the Appalachian Basin, and the owner of a regulated natural gas distribution subsidiary, Equitable Gas.

$1.5 Billion Private Placement of Senior Notes
Represented NYSE-listed independent oil and gas company in connection with private placement of multiple series of senior notes in an aggregate amount equal to $1.5 billion.

$180 Million Private Placement of Senior Notes
Represent a leading marine terminal company as issuer of $180 million senior notes in a private placement transaction.

$350 Million Credit Facility - Oilfield and Technology Services Company
Represented lead arranger and administrative agent in connection with $350 million syndicated credit facility for FMC Technologies, Inc., a global provider of technologically sophisticated systems and products for the energy industry such as subsea production and processing systems.

$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.

Memberships

  • State Bar of Texas
  • American Bar Association
  • Houston Bar Association
  • Houston Young Lawyers Association
  • J. Reuben Clark Law Society

Online Publications

09/05/2012 - Updated: What Does “Hedge or Mitigate Commercial Risk” Mean? How Will Energy Producers and Consumers Prove They Are “Commercial End Users” Under the Dodd-Frank Act?
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) attempts to sort through the energy trading and hedging market to protect “commercial end users” from new regulatory burdens intended for trading firms and financial institutions.

06/28/2011 - Dodd-Frank Revisited
The Dodd-Frank Act is a long, complicated law that is several times longer than the Sarbanes-Oxley and Glass-Steagall Acts combined and energy companies will need to react to changes to the ways commodities are hedged in the United States as more regulations promulgated to implement the law.