Mark D. Holmes
Mark Holmes is a partner in White & Case's Debt Finance practice, and is resident in the Houston office. His practice focuses on the energy and infrastructure industries and he represents public and private companies, private equity funds and financial institutions in a wide variety of financing transactions with a concentration on acquisition financings, project financings, cash-flow based lending (including mezzanine financings), asset-based loans (including reserve-based lending and working capital financings), first and second lien financings, term loan B financings, investment grade lending, alternative capital solutions (including production payments, common/preferred equity investments and convertible debt), debt restructurings and derivative arrangements. He also regularly counsels companies in acquisitions and divestitures, commercial contract negotiations and corporate governance matters.
Chambers USA recognizes Mark as a leading lawyer in the field of Banking & Finance: Texas 2020-2021. He was also selected by his peers for inclusion in The Best Lawyers in America for the 2018 - 2022 editions in the field of Banking and Finance Law.
Representation of a syndicate of commercial and institutional lenders, led by Société Générale, in the up to US$1.25 billion financing of the development of the deepwater Shenandoah field in the US Gulf of Mexico and related offshore infrastructure being developed by Beacon Offshore Energy, Navitas Petroleum and Houston Energy Quantum.
Representation of Sixth Street Partners, LLC, a global investment firm, in its US$405 million acquisition of PDP assets from Laredo Petroleum, Inc., a company focused on exploration in the Permian basin.
Representation of project lenders in connection with the project financing of Gulf Coast Ammonia LLC's world-scale anhydrous ammonia plant in Texas, including the negotiation of major commercial contracts and debt and equity financing agreements
Representation of Sixth Street Partners in a US$402 million overriding royalty interest acquisition and joint venture with Antero Resources Corporation
Representation of JPMorgan in the Chapter 11 reorganization of its US$500 million reserve-based lending facility with Rosehill Resources
Representation of WaterBridge Resources in its US$1 billion term loan B and US$150 million revolving credit facility
Representation of joint structuring banks and a syndicate of domestic and international lenders in a US$1 billion development financing in deep water Gulf of Mexico
Representation of a privately held midstream company in its US$1 billion acquisition financing of midstream infrastructure assets
Representation of TexGen Power in its working capital revolver secured by natural-gas fired power generation facilities located in Texas
Representation of NorTex Midstream in a direct lending transaction consisting of a term loan A, delayed draw term loan facility and revolving credit facility, the proceeds of which were used to fund the construction and development of a natural gas storage facility in Texas
Representation of WaterBridge Resources in its issuance of US$345 million of equity capital through the issuance of US$195 million of common equity to Five Point Energy, GIC and management and issuance of US$150 million of perpetual preferred equity to a subsidiary of Magnetar Capital
Representation of a private equity credit fund in a direct lending project financing which was used to construct and operate propane pipeline facilities in Texas
Representation of a midstream infrastructure company in its direct lending transaction secured by infrastructure assets located in Texas
Representation of an oil & gas producer in its out-of-court restructuring, consisting of a restructuring of its term loan facility, conversion of its preferred equity to common equity, debt for equity exchange with its direct lenders and reconstitution of the holding company’s board
Representation of various private equity-backed oil & gas producers in their reserve-based lending facilities, with commitments ranging from US$50 million to US$1.5 billion
Chambers USA, Texas Banking & Finance, 2019 – 2021
The Legal 500 United States, Commercial Lending: Advice to Borrowers, 2017 – 2018; Commercial Lending: Advice to Lenders, 2017 – 2018
IFLR1000 Financial & Corporate Guide, 2019
IFLR1000 United States, Texas Banking, 2018-2020
Best Lawyers, Banking and Finance Law, 2018 – 2022