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Kenneth A. Rogers

Senior Counsel

Dallas


2323 Victory Avenue
Suite 700
Dallas, 75219
T +1 214.651.5951
F +1 214.200.0833

Áreas de Practica

Educación

  • J.D., University of Virginia School of Law, 1978, Order of the Coif
  • B.A., University of Virginia, 1975, with highest distinction

Bar Admissions

  • Texas
Kenneth A. Rogers

Kenneth Rogers has more than 30 years of experience in representing lenders and borrowers in structuring and documenting secured and unsecured lending transactions. Formerly an associate general counsel with one of the largest national banking associations in the United States, he has industry specific experience in energy, telecommunications, healthcare, and insurance, finance company and other financial services financings. He also has experience in bank regulatory matters and in workouts and debt restructuring.

Mr. Rogers' recent matters include:

  • Representing lead agents and arrangers in working capital, commercial paper back-up and general corporate purpose credit facilities aggregating more than $10 billion to cable television and wireless telephone companies.

  • Documenting and closing general corporate purpose credit facilities aggregating more than $800 million to independent energy producers.

  • Representing lead agents and arrangers in loan and letter of credit facilities aggregating more than $1 billion to offshore insurance and reinsurance companies.

  • Representing lead agents and arrangers in credit facilities aggregating more than $10 billion to investment grade finance companies.

  • Documenting and closing secured and unsecured acquisition and general corporate purpose credit facilities aggregating more than $10 billion to domestic insurance holding companies.

  • Representing the agents and arrangers in commercial paper back-up credit facilities aggregating more than $2 billion to financial services companies.

  • Documenting and closing a number of redemption and liquidity credit facilities to mutual fund companies.

  • Representing the lead agent and arranger in a more than $1 billion secured mortgage warehouse credit facility.

  • Documenting and closing multicurrency liquidity credit facilities aggregating more than $3 billion to a credit card company.

  • Representing co-lenders in a credit facility to a special purpose entity created to facilitate co-investments in portfolio companies owned by private equity investors.

Mr. Rogers also serves on the Board of Directors of Dallas Area Habitat for Humanity.

Professional Recognition

  • Named Best Lawyers' 2010 Dallas Banking Lawyer of the Year
  • Recognized as a Best Lawyer in Dallas for Banking, D Magazine (2011)
  • Recognized as one of The Best Lawyers in America - Banking Law (2008-2014) and Finance Law (2012-2014)
  • Recognized as a Texas Super Lawyer - Banking (2009-2013) 
  • Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent™

Selected Representative Experience


$1 Billion AXXX Reserves Letter of Credit Facility - Captive Reinsurance Company
Represented the administrative agent in a syndicated $1 billion 364-day letter of credit facility supporting statutory reserves required in a reinsurance transaction between a national insurance company and its captive reinsurance subsidiary.

$1 Billion Letter of Credit Facility
Represented lead arranger, letter of credit issuer and administrative agent in connection with an unsecured letter of credit facility supporting reserve requirements of reinsurance companies, with pricing being determined by credit default swap rates.

$1 Billion of Credit Facilities - Domestic and Offshore Insurance Holding Companies
Acted as counsel to a major money center national bank, as administrative agent, in negotiating, documenting and closing secured revolving credit facilities aggregating more than $1 billion to domestic and offshore insurance holding companies.

$1 Billion Secured Mortgage Warehouse Credit Facility
Represented the administrative agent in negotiating, documenting, and closing a more than $1 billion secured mortgage warehouse credit facility.

$1 Billion Unsecured Revolving Credit Facility
Represented arranger, letter of credit issuer and administrative agent in connection with an unsecured revolving credit facility.

$1.07 Billion Facility - Finance Company
Represented the administrative agent and lead arranger in a $1.07 billion syndicated three-year unsecured, revolving credit facility to a finance company.

$1.25 Billion Bridge Facility - Insurance Holding Company
Represented the administrative agent and lead arranger, in connection with a commitment letter to arrange and provide a portion of a $1.25 billion bridge acquisition facility to an insurance holding company.

$1.5 Billion Letter of Credit Facility
Represented arranger, letter of credit issuer and administrative agent in connection with an unsecured letter of credit facility, with pricing being determined by credit default swap rates.

$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.

$100 Million Term Loan and Revolving Credit Facility - Insurance Holding Company
Represented the administrative agent and lead arranger in a syndicated $100 million term loan and revolving credit facility to an insurance holding company.

$2.85 Billion Revolving Credit Facility - Insurance Holding Company
Represented the administrative agent and lead arranger in a syndicated $2.85 billion five-year revolving credit facility to an insurance holding company and its subsidiary. 

$200 Million Credit Facility
Represented arranger and administrative agent in connection with a secured revolving credit facility to a warehouser and distributor of oil products.

$250 Million Secured Multi-Year Revolving Credit Facility - Energy
Acted as counsel to a national bank in negotiating, documenting and closing a $250 million secured multi-year revolving credit facility to a provider of energy storage and transportation services and its subsidiaries.

$3 Billion Multi-Currency Facility - International Credit Card Provider
Represented the administrative agent and lead arranger in a syndicated $3 billion five-year, multi-currency, unsecured revolving credit facility to an international credit card provider and two of its domestic subsidiaries, entered into in conjunction with an initial public offering.

$350 Million Secured Multi-Year Revolving Credit Facility - Retail
Acted as counsel to a national bank in negotiating, documenting and closing a $350 million secured multi-year revolving credit facility to a provider of coin counting and other vending machines. 

$400 Million Credit Facility
Represented arranger and administrative agent in connection with a secured revolving credit facility to the operator of vending machines.

$400 Million Investment Credit Facility
Represented lenders in a secured credit facility to a finance company set up to facilitate co-investments by private equity company partners in investment funds.

$5 Billion Unsecured Revolving Credit Facilities - Financial Industry
Acted as counsel to two money center national banks in negotiating, documenting and closing multi-year unsecured revolving credit facilities aggregating more than $5 billion to a major finance company.

$50 Million Credit Facility
Representation of arranger and administrative agent in connection with a secured multi-currency credit facility.

$500 Million AXXX Reserves Letter of Credit Facility - Captive Reinsurance Company
Represented the administrative agent and lead arranger in a syndicated $500 million three-year letter of credit facility supporting statutory reserves required in a reinsurance transaction between a national insurance company and its captive reinsurance subsidiary.

$500 Million Secured Term Loans and Revolving Credit Facilities - Health Care
Acted as counsel to a national bank in negotiating, documenting and closing secured term loans and revolving credit facilities aggregating $500 million to a health care company.

$500 Million Term and Revolving Facility
Represent the lead agent in a $500 million secured term and revolving facility in connection with an acquisition by a healthcare insurance company.

$600 Million Credit Facilities
Represented arranger, letter of credit issuer and administrative agent in connection with unsecured credit facilities, with letter of credit subfacilities providing for severally issued letters of credit.

$600 Million Letter of Credit Facility
Represented lead arranger, letter of credit issuer and administrative agent in connection with an unsecured letter of credit facility supporting reserve requirements of a reinsurance company.

Credit Facilities to Special Purpose Entities
Represented two major money center national banks in a credit facility to a special purpose entity created by a private equity fund for the purpose of financing equity investments in portfolio companies.

Memberships

  • American Bar Association
  • State Bar of Texas
  • Dallas Bar Association

Online Publications

02/08/2010 - Weathering the Storm: Conditions Precedent in Term Sheets Matter
In a decision that is not surprising, but that should be welcomed by lenders (but perhaps not by borrowers), the Appellate Division of the New York Supreme Court held in Amcan Holdings, Inc., et al. vs. Canadian Imperial Bank of Commerce, et al., Case No. 603393/07, that a detailed, executed term sheet was not a binding contract to lend.

01/18/2006 - Location for National Bank for Diversity Jurisdiction
On January 17, 2006, a unanimous United States Supreme Court held in Wachovia Bank, N.A. v. Schmidt that, for purposes of accessing federal courts under the current diversity jurisdiction statute, 28 U.S.C.§1348, a national bank is a citizen only of the state in which its main office, as set forth in its articles of association, is located.

12/01/2005 - 2005 Texas Usury Reform: Finance Code Amendments Relating to Commercial Loans
In Texas, a lender who contracts for, charges, or receives interest in excess of the amount allowed by law can be subject to harsh penalties.  In 1997 and 1999, the Texas Legislature passed several significant reforms that provided some relief to lenders under Texas’ usury statutes.