Brent Shultz

Practices

Education and Clerkships

J.D., University of Houston Law Center, 2011, magna cum laude; Order of the Barons; Executive Editor, Houston Law Review

B.A., Economics and Management, DePauw University, 2006, cum laude

Bar Admissions

Texas, 2011

Court Admissions

U.S. Tax Court

Profile

Brent Shultz focuses his transactional practice on the representation of financial institutions and borrowers in complex commercial loans and a variety of other energy-related transactions. Brent has represented clients in connection with syndicated credit facilities involving revolver, term, bridge, letter of credit, and multi-currency features. He also has experience in oil and gas reserved-based, acquisition, and capital commitment-secured financings. His industry-specific experience includes oil and gas, energy, banking, financial services, construction, maritime, defense, real estate and a range of other industries. 

Prior to joining Haynes and Boone, Brent was a financial analyst and 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 Publications

  • "Trends in Oil and Gas Financing," contributor, with Theresa Einhorn, featured in Here’s the Money: Capital Formation 2013, a supplement to Oil and Gas Investor (June 2013). 
  • "31st Annual Review of Developments in Business Financing - Focus on the Oil and Gas Industry," contributor, with Theresa Einhorn, American Bar Association, Section of Business Law, March 2012. 
  • "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.

Professional and Community Activities

  • The Partnership for Baylor College of Medicine 
  • The Women’s Home 
  • Phi Delta Theta Houston Alumni Club 
  • Young Professionals for Children (Child Advocates), Fundraising Chair (2012) 
  • Avon Walk for Breast Cancer (2008-2009) 
  • Friends for Life (2008-2009)

Selected Client Representations

  • Represented the joint lead arrangers and joint bookrunners in connection with a $7 billion syndicated revolving credit facility for ConocoPhillips, the largest independent oil and gas exploration and production company in the world. 
  • Represented the mezzanine capital provider in the negotiation of a senior-secured credit facility to finance the development of Permian Basin oil and gas properties. The facility involved an advancing line of credit secured by all of the borrower’s assets, including the oil and gas properties. The lenders under the debt facility additionally received a net profits interest in the oil and gas properties. 
  • Represented the capital provider in the negotiation of a senior secured credit facility and equity investment to finance the acquisition and development of oil and gas properties and related midstream facilities located in the mid-continent region. The credit facility involved an advancing line of credit secured by all of the borrower’s assets, including the oil and gas properties and midstream assets. The lenders under the debt facility additionally received a net profits interest in the oil and gas properties and in the cash flow from the midstream system. 
  • 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. 
  • 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. 
  • Represented RBS Securities Inc., Citigroup Global Markets, Inc. and Merrill Lynch as lead arrangers on the $11.8 billion syndicated credit financing, including a $4 billion revolving credit facility, a $5 billion bridge loan, and a $2.8 billion term loan for Phillips 66, which was spun off from ConocoPhillips to become a separate publicly traded company and largest independent refiner in the U.S. 
  • Represented 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. 
  • Represented 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.

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