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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 leans on that earned experience to help companies in the banking, private equity, and energy industries serve their customers, take care of their employees, 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 financing 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, has published numerous articles on fund finance topics, including with Law360 and Bloomberg Law, and has served as a panel moderator at the Fund Finance Association’s Global Symposium. Brent leverages this expertise and thought leadership to help his clients navigate the most complicated and cutting-edge fund financing structures.

Brent takes great interest in other sections of the finance industry as well, such as energy finance, credit facilities to midstream companies; cash-flow facilities, including investment-grade and other corporate finance transactions; and asset-based facilities, including asset-based lending, leveraged finance, 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 has 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.
  • 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
  • "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.
  • “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.


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

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



Fund Finance Insights: Refinancings
November 15, 2023

Several years ago, it was fairly uncommon to see sponsors refinance an existing credit facility with another lender. Refinancings did occur, but the pool of lenders in the market was smaller (giving the sponsors fewer options) and the interest rates and pricing were lower (resulting in less of a need to refinance). However, market conditions have resulted in a sharp uptick in refinancings in 202 [...]