$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.
Frac Diamond Aggregates LLC
Represented Spectrum Origination LLC in its capacity as administrative agent and lender under a $30.8 million credit facility for Frac Diamond Aggregates LLC and Alliance Consulting Group, LLC . FDA used the proceeds of the credit facility to acquire a 1,700-acre sand mine and related assets from the debtor, free and clear of all liens, claims, interests and other encumbrances, pursuant to 11 U.S.C. §§ 105 and 363. ACG used the proceeds of the facility for the construction of a related sand drying and storage facility. The facility was secured by the sand mine, drying facility, and related assets, including the borrowers’ rights under certain storage and supply agreements, construction agreements, and other project documents.
$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.
RP Holdings Inc. Restructuring
Haynes and Boone was engaged by RP Holdings Inc. in August 2011 to assist in its restructuring efforts. At that time, the company had just hired a new CEO, was facing liquidity challenges due to the nationwide stoppage of foreclosure prosecutions, and had completed internal audits showing a total of approximately $20 million was owed to it by its two largest customers. Its senior secured facility was due to mature in August 2012. In the fall of 2012, the company pursued a restructuring transaction with its private equity sponsors, the secured lenders and the two law firms, which failed to materialize on the eve of a possible closing in early January 2012.
$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.
$1.5 Billion Capital Commitment Subscription Financing - Major U.S. Financial Institution
Served as lead counsel for lead arranger and administrative agent in arranging a $1.5 billion capital commitment subscription financing.
Debtor-in-Possession and Exit Financing
Represented the administrative agent in connection with the negotiation and documentation of debtor-in-possession and subsequent exit financing for a manufacturer and supplier of building materials.
$1.3 Billion Acquisition Facility
Represented the administrative agent and arranger in a $1.3 billion secured acquisition facility to a publicly-held manufacturing company involved in the packaging and ceramics business.
$1.5 Billion Syndicated Credit Facilities - Natural Gas Industry
Representation of the administrative agent, lead arranger, and book manager, on a $700 million unsecured syndicated term loan facility and a $800 million unsecured syndicated revolving credit facility for a natural gas exploration and production, gas gathering, processing and storage, and energy trading company.
FX Luxury Las Vegas, LLC - Bankruptcy
Representation of second lien agent and certain second lien (junior) lenders in the FX Luxury Las Vegas I, LLC bankruptcy case in the Las Vegas, Nevada bankruptcy court. Successfully obtained ownership for the firm's clients of a seventeen-acre property located on the Las Vegas strip across from City Center.
Receivables - Securitization
Acted as principal counsel for a publicly-traded metals recycling and steel company and its subsidiaries in documenting and consummating a $200 million account receivables securitization financing.
$400 Million Secured Facility - Resort Owner’s Operator and Developer
Represented the administrative agent and lead arranger in a $400 million secured credit facility with a leading resort owner, hotel manager, and real estate developer.