Mark D. Holmes

Partner, Houston

Biography

“Mark is business-orientated, doesn’t get bogged down in the minutiae and he’s very user-friendly.”
Chambers 2020

Overview

Mark Holmes is a partner in White & Case's Debt Finance practice, and is resident in the Houston office. His practice focuses on energy finance and capital structure transactions with an emphasis on the upstream and midstream segments of the energy industry. He represents public and private companies, private equity funds and banks in all types of secured and unsecured debt and equity investments, including reserve based loans, common and preferred equity investments, joint ventures, acquisition financings, project financings and construction loans, workouts, restructurings and DIP financings, letter of credit facilities, term loan B financings, asset based loans and structured commodity arrangements.

In addition, he represents companies in acquisitions and divestitures, corporate governance matters, corporate policies, commercial contracts, and commodity, interest and f/x hedging arrangements.

Bars and Courts
Texas State Bar
New York State Bar
Louisiana State Bar
Education
JD
University of Houston Law Center
Bachelor of Arts
The University of Texas at Austin
Languages
English

Experience

Bank Financings – Borrower Representations

  • WaterBridge Resources in its $1 billion term loan B and $150 million revolving credit facility
  • TexGen Power in its $40 million working capital revolver secured by natural-gas fired power generation facilities located in Texas
  • Privately held midstream company in its $1 billion financing of pipeline systems, gas processing plants and CO2 treating facilities located in New Mexico and Colorado
  • Privately held joint venture in its $235 million credit facility secured by pipeline systems and gas processing plants in Texas and Louisiana
  • Various private equity backed oil and gas producers in their RBL credit facilities with commitments ranging from $50 million to $250 million

 

Bank Financings – Lender Representations

  • JPMorgan in the Ch. 11 reorganization of its $500 million RBL credit facility to Rosehill Resources
  • First Israeli bank-led $65 million oi and gas acquisition financing consisting of a term loan and revolving line of credit with the proceeds being used to an upstream drilling program of oil and gas assets located in the Eagle Ford
  • Cadence Bank, N.A. in its $85 million holdco financing to a midstream joint venture formed to develop a dry gas gathering system in the Utica shale

 

Direct Lending, Project Financings and Private Equity

  • A privately held oil and gas producer in the out-of-court workout and restructuring of its term loan facilities with various PE credit funds
  • Private equity credit fund in a $75 million delayed draw term loan facility, the proceeds of which were used to construct and operate propane pipeline facilities in Texas
  • Midstream infrastructure company in its direct lending transaction consisting of a $50 million revolving and term loan facility secured by infrastructure assets located in Texas
  • Midstream company in its direct lending transaction consisting of a $120 million term loan A, delayed draw term loan facility and revolving credit facility and the proceeds of which were used to fund the construction and development of a natural gas storage facility in Texas
  • Project lenders in connection with the development and 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
  • WaterBridge, a portfolio company of Five Point Energy and provider of water management solutions to the E&P industry, on 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
  • NOLA Oil Terminal LLC in its project development and financing of a greenfield oil and products storage terminal and pipeline in Plaquemines Parish, Louisiana
Awards and Recognition

Chambers USA, Texas Banking & Finance, 2019 – 2020

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

Best Lawyers, Banking and Finance Law, 2018 – 2020