As an associate in the Energy Finance Practice Group in the Houston office of Haynes and Boone, John represents financial institutions, municipal utilities and commodities and energy companies in complex transactions including structured energy transactions and related energy trading agreements, reserve based financings and transactions for the purchase and sale of energy-related commodities and other lending transactions. John has experience drafting and negotiating customized agreements, as well as standardized commodity master agreements, including the ISDA and NAESB.
Selected Client Representations:
- J. Aron & Company LLC (a subsidiary of The Goldman Sachs Group, Inc.) in its role as gas supplier, receivables purchaser and investment contract provider in prepaid commodity transactions financed with approximately (1) $634 million in municipal bonds issued by The Lower Alabama Gas District in January 2020, (2) approximately $614 million in municipal bonds issued by PEFA, Inc. in May 2019, (3) approximately $540 million in municipal bonds issued by Northern California Energy Authority in December 2018, (4) $535 million in municipal bonds issued by Central Plans Energy Project in November 2018, (5) $517 million in municipal bonds issued by the Tennessee Energy Acquisition Corporation ("TEAC") in August 2018, (6) $721 million in municipal bonds issued by The Southeast Alabama Gas Supply District in May 2018, (7) $686 million in municipal bonds issued by the Black Belt Energy Gas District in March 2018 and (8) $678 million in municipal bonds issued by the Tennessee Energy Acquisition Corporation in November 2017.
- Morgan Stanley Capital Group Inc. (a subsidiary of Morgan Stanley) in its role as gas supplier in a prepaid natural gas transactions financed with approximately (1) $294 million in municipal bonds issued by The Black Belt Energy Gas District (“Black Belt”) in February 2020, (2) $556 million in municipal bonds issued by Public Energy Authority of Kentucky (“PEAK”) in December 2019, (3) $747 million in municipal bonds issued by Black Belt in May 2019, (4) $384 in municipal bonds issued by PEAK in February 2019, (5) $902 million in municipal bonds issued by PEAK in December 2018, (6) $970 million in municipal bonds issued by The Southeast Alabama Gas Supply District in June 2018 and (7) $833 million in municipal bonds issued by Public Energy Authority of Kentucky in February 2018.
- The administrative agent in connection with a $400 million senior secured credit facility to be used for the acquisition and development of oil and gas properties.
- The administrative agent in connection with a $125 million senior secured credit facility to be used for the acquisition and development of a gas gathering system.
- An investment bank in its role as hedge provider in connection with the financing and construction of a large wind farm.
- An independent fuel marketer and distributor in Canada in connection with its acquisition of Chevron Canada R & M ULC’s refinery in British Columbia as well as its downstream assets (including more than 150 gas stations). The financing for this transaction included bespoke supply intermediation in pipelines, barges, terminals and rail tanks, as well as more traditional receivables financing related to product offtake.
- An energy-focused private equity firm and an independent exploration and production company in their 50/50 partnership, definitive purchase agreement and related financing to acquire Anadarko Petroleum Corporation’s working interest in approximately 318,000 gross operated acres in the Western Eagle Ford for approximately $2.3 billion.
- A global power company in its $1.2 billion sale of interests in two coal-fired power plants in The Philippines to Aboitiz Power Corp.
- A global power company in connection with the sale of its interest in the Bujagali hydropower project in Uganda.
- A Canadian investment fund in its commitment to fund, along with a syndicate of financial sponsors, Howard Midstream Energy Partners LLC’s strategic partnership with WPX Energy (NYSE:WPX) to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin.
- A privately held exploration and production company in connection with a recapitalization transaction that included an equity capital raise of approximately $750 million, an optional equity purchase amount of approximately $350 million, a debt for equity exchange of approximately $325 million of secured and unsecured indebtedness and a debt for equity exchange of approximately $250 million of junior subordinated notes.
* Some of these representations were handled prior to joining the firm.
B.A., University of Mississippi, 2012, summa cum laude, Phi Beta Kappa, Taylor Medal
M.B.A., University of Mississippi, 2013, Outstanding MBA Student Award, MBA Graduate Achievement Award
J.D., Tulane University Law School, 2016, summa cum laude, Tulane Law Review, Managing Editor, CALI Awards for the highest score in 11 classes
Judicial Extern to the Honorable Martin L.C. Feldman of the United States District Court for the Eastern District of Louisiana, 2015-2016
COVID-19 and the sweeping government actions to curtail the effects of the virus have disrupted business activities across the globe, requiring businesses to carefully examine their existing contracts and in certain cases deliver important notices thereunder, such as notices of force majeure. Given these developments, businesses should carefully consider steps they can take to ensure receipt of n [...]