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Shultz Brent

Brent Shultz

Brent Shultz has successfully negotiated and closed billions of dollars of complex debt financings for his clients. He leverages that experience to help companies in the financial services, private equity, and energy industries serve their customers and thrive in any business environment.

Before becoming an attorney, Brent worked as a financial analyst and strategic planner at a major airline, where he advised senior management on company-wide strategic initiatives. This work profoundly informed Brent’s clear-headed problem-solving approach to debt finance transactions which his clients find so valuable. They trust Brent to listen closely, to understand their goals, and to execute their most important transactions in a seamless, practical, and business-minded manner.

A good portion of Brent’s clients seek his counsel in connection with fund finance, including capital commitment-secured credit facilities, NAV credit facilities, hybrid subscription facilities, management lines of credit, general partner financings and employee co-investment facilities. Brent is a noted voice in the fund finance arena, serving on the American Bar Association’s Fund Finance Subcommittee, publishing numerous articles on fund finance topics, including with Law360 and Bloomberg Law, and serving as a panel moderator at the Fund Finance Association’s Global Symposium.

Brent employs this experience and thought leadership to help his clients navigate the most complicated and cutting-edge fund financing structures, ranging from bilateral credit facilities to new private equity sponsors to broadly syndicated subscription lines with liquidity of up to $8 billion dollars to some of the world’s largest sponsors.

Brent’s experience extends to other areas of the finance industry, including leveraged finance, private credit, energy finance, credit facilities to midstream energy companies, cash-flow facilities asset-based lending, acquisition finance, and project finance. He also handles restructuring, bankruptcy, and workout matters.

In recognition of his professional accomplishments, Brent was recently recognized in The Best Lawyers in America, Woodward/White, Inc., 2023-2024 legal directory after being named in the “One to Watch” category 2020-2022. Brent co-chairs Haynes and Boone’s fund finance marketing and publishing committees and serves on the firm’s Board Advisory Committee.

Brent has also served on Haynes and Boone’s pro bono committee, representing clients in veterans’ matters and acting as counsel for The H.E.A.R.T. Program, a Houston nonprofit that helps adults with intellectual/developmental differences to achieve their potential. He also takes an active role in his community and volunteers with Houston charitable organizations. He and his wife, Helen, are the proud parents of two daughters, Jillian and Ava.

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  • $6 Billion Credit Facility for ConocoPhillips
    Represented the joint lead arrangers and joint bookrunners in connection with a $6 billion unsecured syndicated revolving credit facility for ConocoPhillips.
  • $8 Billion Subscription Financing
    Represented the administrative agent and arrangers of syndicated subscription-secured credit facility for a $15 billion real estate private equity fund, and various domestic and foreign affiliates thereof.
  • $2.75 Billion Subscription Financing
    Represented the administrative agent and arrangers of syndicated subscription-secured credit facility for Hellman & Friedman Capital Partners IX, L.P., a $16.524 billion fund, and various domestic and foreign affiliates thereof. The credit facility consisted of a revolving line with a domestic and foreign currency letter of credit option. The facility is secured by the unfunded capital commitments of over 400 separate investors.
  • $1.35 Billion Secured Financing
    Represented the Administrative Agent in connection with a $1.35 billion secured revolving and term loan facility to a major international ski resort. 
  • $750 Million Asset-Based Financing
    Represented an energy services company in connection with its $750 million asset-based lending transaction.
  • $600 Million Acquisition Financing
    Represented KMG Chemicals Inc. in connection with a $600 million revolving and term loan credit facility for its acquisition of Flowchem, a leading manufacturer of pipeline performance products.
  • $500 Million Credit Facility for Suburban Propane, L.P.
    Represented the lead arranger and bookrunner, and administrative agent, in connection with a $500 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.
  • $129 Million Term Loan Facility
    Represented Texas Capital Bank as sole lead arranger and administrative agent of a $129 million senior secured term loan credit facility, to SED Houston Real Estate, LLC, to finance, in part, the acquisition by certain affiliates of Redwood Capital Investments of the Houston-area territory assets and operations of Silver Eagle Distributors, L.P., one of the nation’s largest wholesale distributors of Anheuser-Busch and Grupo Modelo products.
  • $125 Million Acquisition Financing 
    Represented the lead arranger and bookrunner, and administrative agent, in connection with a $125 million secured syndicated revolving and term credit facility to a human resources company in connection with a major acquisition.
  • $75 Million Senior Secured Advancing Line of Credit
    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. 
  • $76 Million Project Financing
    Represented Deutsche Bank Securities Inc., as Mandated Lead Arranger and Lender for a $76 million secured loan facility to fund construction of a 7.5-megawatt (net) biomass-to-energy facility on the island of Kaua'i, Hawaii.
  • American Bar Association, Business Law Section, Fund Finance Subcommittee
  • Recognized in The Best Lawyers in America, Woodward/White, Inc., 2023-2024
  • Included in the "Ones to Watch" category of The Best Lawyers in America, Woodward/White, Inc., 2020-2022
  • "Syndication Update,” 2024 Fund Finance Association Global Symposium Panel Summary, co-author, February 2024.
  • “Haynes Boone 2023 Fund Finance Annual Report,” co-author, February 2024.
  • "Fund Finance Insights: Refinancings," co-author, Haynes Boone client alert, November 15, 2023.
  • "Fund Finance Insights: Jurisdictions," co-author, Haynes Boone client alert, October 24, 2023.
  • "Fund Finance Insights: Credit Adjustment Spreads," co-author, Haynes Boone client alert, August 17, 2023.
  • "Fund Finance Insights: Trends in Facility Sizes," co-author, Haynes Boone client alert, July 31, 2023.
  • “Fund Finance Market Update, ESG and Macro Developments,” 2023 Fund Finance Association Global Symposium Panel Summary, co-author, February 2023.
  • "Subscription Credit Facility Investor Pools: “The Old Familiar Faces”," co-author, Haynes Boone client alert, January 17, 2023.
  • “Structuring and Diligence Considerations for Separately Managed Account Subscription Credit Facilities,” author, Bloomberg Law, June 2022.
  • “What Sanctions Mean for Funds’ Subscription Credit Facilities,” author, Law360, May 2022.
  • “Due Diligence for Subscription Facilities in the Wake of the Abraaj and JES Global Capital Litigation: Recapping the Due Diligence and Lessons Learned Panel at the 2022 FFA Global Symposium”, Haynes Boone client alert, February 2022.
  • “Underwriting and Diligence Lessons Learned," moderator, Industry Panel at Fund Finance Association Global Symposium, February 2022.
  • “Storm Clouds on the Oil & Gas Horizon: Is There a Silver Lining?”, Webinar Presentation, November 2019.
  • “Trends in Oil and Gas Syndicated Loans”, Webinar Presentation to the LSTA, December 2018.

Education

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

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

Admissions

Texas

Press Release
Fund Finance Report Reveals Growth Outlook Despite Challenges
February 14, 2024

Haynes and Boone, LLP released its first-ever Fund Finance Annual Report, which revealed an industry cautiously optimistic about growth despite facing headwinds, including rising interest rates and market disruptions. Click Here to Download Full Report Even after the turbulent market of 2023, marked by March madness bank failures and SOFR climbing more than 100bps, 74% of banks, sponsors and law f [...]