Acquisition - Refining and Waste Processing Facility
Represented venture capital investors with the acquisition and restructuring of the equity and debt of a refining and waste processing facility used to extract metals from heavy oil waste from refineries.
Ecopetrol Acquisition of Propilco, SA, (Colombia)
Advising the Colombian national oil company Ecopetrol in the acquisition of Propilco, SA, one of the largest plastics companies in Colombia.
Guggenheim Partners - Secured Term Loan
Represented agent and lender in a secured term loan to an oil recycling refinery, with operations across Louisiana, Indiana, Nevada and California, secured by liens upon the various refining and storage operations. The lenders additionally received an equity kicker in the form of warrants in the borrower. Further represented the lenders in the negotiation of multiple intercreditor agreements and subordination agreements among the various other creditors of the borrower.
Hawkeye Renewables, LLC - Ethanol
Representation of creditor/lessor in a pre-packaged Chapter 11 proceeding of an ethanol plant in the Delaware bankruptcy court.
Otter Tail Ag Enterprises LLC - Ethanol
Representation of creditor/lessor in the restructure of an ethanol plant in the Minnesota bankruptcy court through a sale of the assets to a third party investor.
Representation of Debtor - EOTT Energy Partners
Represented this crude oil pipeline and marketing company, an affiliate of Enron Corporation, in its fast track pre-arranged Chapter 11. At the time of its Chapter 11 filing, EOTT had $10 billion in annual sales. A major issue in the case was EOTT’s claim against a major pipeline operator for indemnity in respect of massive crude oil spills and discharges. Litigation of liability and damages resulted in very large recovery that contributed to EOTT’s emergence from Chapter 11 as a standalone enterprise.
Represent Calyon (now known as Credit Agricole Corporate and Investment Bank) as a secured lender and potential DIP lender to various SemGroup entities. SemGroup is a multi-billion dollar global distributor and transporter of oil and gas and asphalt. SemGroup and several of its subsidiaries are in Chapter 11. Calyon is also a secured lender to other SemGroup entities that are not currently in bankruptcy.
Southwest Georgia Ethanol LLC
Representation of creditor/lesser in the Chapter 11 case of an ethanol plant in a Georgia bankruptcy court.
VeraSun Energy Corporation - Ethanol
Representation of creditor/lesser in complex Chapter 11 case in Delaware involving multiple ethanol plants collateralized in separate pools of debt culminating in a Section 363 sale of certain of the ethanol plants to Valero and the lenders credit bidding on the remaining ethanol plants.