Represented a major financial institution in its capacity as a lender and steering committee member (and predecessor administrative agent) in a $2.225 B syndicated loan facility to SemCrude, L.P. Such representation included involvement during the borrower’s default under the loan facility documents, its Delaware bankruptcy proceeding and exit facility.

Represented a major financial institution in its capacity as Administrative Agent in a $125 MM syndicated loan facility to a Brazilian sugar trader and processor having a global footprint and with facilities in several areas of North America. Such representation included our active involvement in the borrower’s bankruptcy reorganization and litigation to collect on a corporate guarantee in New York and subsequent coordination with Brazilian counsel for the domestication of the New York judgment against the guarantor in Brazil.

Represented a major financial institution in its capacity as Administrative Agent in a $100 MM syndicated loan facility to an oil trader and oil production service provider that lost its entire equity base in a two-week period due to price disruption in a constrained delivery zone in the north mid-Atlantic region. The syndicated loan facility was successfully restructured after a five-month forbearance period and capital injections by the borrower’s equity holders.

Represented a major financial institution in its capacity as Administrative Agent in a $105 MM syndicated loan facility to a natural gas storage provider. The borrower’s indebtedness under the loan facility was ultimately repaid from the proceeds of an out-of-bankruptcy sale of all of its assets.

Represented a major financial institution in its capacity as Administrative Agent in a $1.2 B syndicated loan facility of certain power generating facilities located in the northeast region of the United States. As part of the restructuring, the borrower and its equity holders entered into an agreement to transfer title of 3400 MW of electric generating capacity to a special purpose vehicle indirectly owned by the lenders of the syndicated loan facility. The transfer was approved by the Federal Energy & Regulatory Commission and constituted the first out-of-court transfer of significant merchant energy assets to a lending syndicate. The representation included settlement of a $650 MM damage claim with the public parent of the general contractor and numerous general corporate matters for the borrower and the operating subsidiaries during the time period when the lender-owned holding entity had title.

Represented a major financial institution in its capacity as the lender in a $500 MM bilateral loan to finance the marketing company for a captive refinery that was in the process of forcing a take-out of the bilateral lender on the maturity date due to a commercial dispute between the investment grade joint venturers in the refinery, each of whom had guaranteed 50% of the bilateral loan. The representation resulted in guarantor payoff of the loan and a later settlement over entitlement to the cash held in the registry of court of several hundred million dollars, resulting from the monetization of the accounts receivable and inventory held by a marketing company.