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). >>



Tammi S. Niven

Associate

Houston


1221 McKinney Street
Suite 2100
Houston, Texas 77010
T +1 713.547.2160
F +1 713.236.5660

Areas of Practice

Education

  • J.D., University of Nebraska - Lincoln College of Law, 2002, With Highest Distinction, Order of the Coif
  • B.S., Sociology, Psychology, Grand Valley State University, 1999, magna cum laude

Bar Admissions

  • Nebraska, 2002
  • North Carolina, 2007
  • Texas, 2009
Tammi S. Niven
Tammi Niven is a senior associate in the Finance Practice Group in the Houston office of Haynes and Boone, LLP. Her practice is primarily focused on the representation of institutional lenders, commercial banks, investment funds, hedge funds, and corporate borrowers and investors in complex credit transactions, including secured and unsecured syndicated credit facilities, multi-currency credit facilities, subordinated loans, mezzanine loans, bridge loans, asset-backed and oil and gas reserve-based financings, real estate financings, merger and acquisition financings, letter of credit facilities, intercreditor agreements, equipment leases, asset monetizations, forward sale transactions, derivatives, loan workouts and restructurings, UCC foreclosures, and debtor-in-possession financings. Her industry specific experience includes financial services, energy, real estate, manufacturing, resort, hospitality, and telecommunications. 

Representatative Experience

  • Representation of the joint lead arrangers and administrative agent in connection with an $11.8 billion syndicated financing ($4 billion revolving credit facility, $5 billion bridge loan, and $2.8 billion term loan) for a now publicly traded independent refiner in connection with its spin off from an integrated international energy company.
  • Representation of the lead arranger and administrative agent in connection with a $1.5 billion syndicated credit facility for an NYSE-listed leading independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States, and natural gas gathering, processing and storing assets.
  • Representation of the lead arranger and administrative agent in connection with a $1 billion multi-currency syndicated senior revolving credit facility for a global engineering, construction and services company and defense services provider.
  • Representation of the special servicer for an $825 million mortgage debt in a Chapter 11 case.
  • Representation of the administrative agent in connection with the workout of a $632.5 million credit agreement with a major finance company.
  • Representation of the administrative agent in connection with a $475 million revolving credit facility to a publicly traded REIT.
  • Representation of the lead arranger and administrative agent in a $400 million secured credit agreement with a leading resort owner, hotel manager, and real estate developer.
  • Representation of lead arranger and administrative agent in connection with $300 million term loan for a NYSE-listed independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States, and natural gas gathering, processing and storing assets.
  • Representation of the lead arranger and administrative agent in connection with a $250 million secured syndicated revolving credit facility for a company engaged in nationwide marketing and distribution of propane, fuel oil, and refined fuels and marketing of natural gas and electricity in deregulated markets.
  • Representation of the purchaser/lessor in connection with a $130 million sale-leaseback facility of more than 500 natural gas compressors.
  • Representation of a letter of credit issuer in connection with a committed $75 million multi-currency letter of credit facility.
  • Representation of the servicer in connection with the provision of special services relating to a $65 million mezzanine loan.
  • Representation of a provider of outsourced network and infrastructure services to the telecommunications industry in connection with a $50 million borrowing base credit facility secured by accounts receivable and other assets and $25 million of subordinated debt.
  • Representation of an oil and gas exploration and production company in connection with a $50 million revolving credit facility secured by oil and gas properties.
  • Representation of an oil and gas company in connection with a structured forward sale of production under a "prepaid" hedging transaction secured by oil and gas assets located in California, Texas and Kansas, using ISDA documents for the hedges and traditional oil and gas financing documents for collateral support.
  • Part of a team of lawyers providing support for a bank's internal legal department with the negotiation of the bank's ISDA agreements with energy companies, including advising the bank on its guidelines under the ISDA Schedules for energy hedges.
  • Representation of a global leader in the computer-aided design (CAD) and product lifecycle management (PLM) software market in its debtor-in-possession credit facility.
  • Representation of the DIP agent and pre-petition agent in the Chapter 11 case of an independent energy company engaged in oil and gas exploration and production.
  • Representation of financial institutions and investment banks with respect to the review of loan files in connection with the securitization and syndication of mortgage and mezzanine loans in a variety of CMBS and CDO vehicles and the placement of mortgage and mezzanine whole loan and participation assets in various repo and warehouse facilities.
  • Representation of commercial lenders in connection with real estate acquisition financings, permanent real estate loans, construction loans, tax-exempt bond financings, equipment financings, letter of credit transactions, lease transactions, synthetic lease transactions, sale/leaseback transactions, and governmental leasing transactions.

Professional Leadership

  • United Way of Greater Houston
    • Women's Initiative
    • Young Leaders (Honoree, Young Leaders Challenge, 2012)
  • Women's Energy Network
    • Member

Selected Representative Experience


Monetization of Energy Infrastructure Assets - Sale-Leaseback of Natural Gas Liquids Pipeline Gathering System
Represented publicly traded energy exploration and production company in connection with a $225 million sale-leaseback of a natural gas liquids pipeline gathering system.

$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.

Combination of Energy Companies
Represented one of the largest independent energy retailers that markets and sells electricity and natural gas in the U.S. in a combination with Public Power, LLC, in order to form the resulting parent company, Crius Energy, LLC, of both entities.

$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.

Initial Public Offering of 10 Million Trust Units
Represented one of the largest independent energy retailers that markets and sells electricity and natural gas in the U.S. in the initial public offering of its indirect parent company on the Toronto Stock Exchange. The initial public offering of 10 million trust units of the parent raised $100 million. The majority of the net proceeds of the offering were used to purchase an approximate 26.8% interest in the client.

$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 Syndicated Credit Facility for Publicly Traded E&P Company
Represented lead arranger and administrative agent in connection with a $1.5 billion syndicated credit facility for QEP Resources, Inc., a NYSE-listed leading independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States, and natural gas gathering, processing and storing assets.

Innkeepers USA Trust
Representation of Midland Loan Services, the special servicer for an $825 million mortgage debt, in the Chapter 11 case of InnkeepersUSA Trust. Innkeepers' attempt to enter into a plan support agreement regarding a debt-for-equity swap was defeated. Midland's efforts resulted in the properties being placed on the market and a substantial increase in creditor recoveries.

$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.

$2.65 Billion Credit Facility - U.S. & Canadian Oil and Natural Gas Production Company
Represented lead arranger and administrative agent in connection with a $2.65 billion syndicated senior credit facility with Canadian dollar subfacility for Devon Energy Corporation, an independent oil and natural gas exploration and production company with operations focused onshore in the U.S. and Canada.

Bankruptcy Representation - Energy Industry
Brought notice of default and non-judicial foreclosure procedures to bear of defaulting borrower; represented lender throughout subsequent bankruptcy and defended lender's lien priority against vendor lien claimants during liquidation.

Memberships

  • Texas State Bar Association
  • Houston Bar Association
  • American Bar Association
  • North Carolina State Bar Association
  • Nebraska State Bar Association