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 the energy, energy transition, power and infrastructure industries. He represents public and private companies, private equity funds and major financial institutions in a wide variety of financing transactions with a concentration on project financings, acquisition financings cash-flow based lending (including mezzanine or holdco financings), Environmental, Social, and Governance (ESG) loan products (green loans and sustainability-linked loans [SLLs]), asset-based loans (including reserve-based lending and working capital financings), first and second lien financings, term loan B financings, alternative capital solutions (including production payments, common/preferred equity investments and convertible debt), debt restructurings and derivative arrangements. He also regularly counsels companies in liability management transactions, acquisitions and divestitures, commercial contract negotiations and corporate governance matters.

Chambers USA recognizes Mark as a leading lawyer in Banking & Finance: Texas 2020-2021. His peers also selected him for inclusion in The Best Lawyers in America for the 2018 - 2022 editions in Banking and Finance Law. 
 

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

Representation of JPMorgan in a $144 million aggregation facility of a 165 MWac portfolio consisting of 20 operating solar generation projects in Georgia, Mississippi, Colorado, Tennessee, Arizona and California. The proceeds were used to acquire the solar generation projects and buyout related tax equity and back-leveraged financings.

Representation of Circulus Holdings, PBLLC in its project development and financing of five plastics recycling facilities in California, Illinois, Oklahoma and Alabama. The loan was structured in compliance with the Loan Syndications and Trading Association (LSTA) Green Loan Principles.

Representation of a joint venture formed by an upstream oil and gas producer and a private equity firm in a $900 mm project development and financing of a commercial-scale direct air capture and sequestration facility.

Representation of a syndicate of commercial and institutional lenders, led by Société Générale, in a $1.25 billion financing of the development of the deepwater Shenandoah field in the US Gulf of Mexico and related offshore infrastructure.

Representation of a Texas-based clean energy company in a $7 billion project development and financing of a lower carbon gasoline manufacturing facility to be located in West Texas.

Representation of senior secured 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, non-recourse project finance agreements with the senior secured project lenders and equity financing agreements.

Representation of a battery storage portfolio company in a $75 million secured holdco financing, the proceeds of which will be used to develop utility-scale energy storage projects in the US.

Representation of Sixth Street Partners in a $402 million overriding royalty interest acquisition and joint venture with Antero Resources Corporation.

Representation of a portfolio company of Old Ironsides Energy in its $200 million development financing. The proceeds of the financing are to be used to finance a three-year drilling program of natural gas and natural gas liquids (NGL) in Oklahoma's Arkoma Basin.

Representation of NorTex Midstream Partners LLC, a Houston-based midstream solutions provider, in its $120 million project financing and direct lending transaction with Investec Bank plc.

Representation of Riverstone Credit Partners in its project financing of a 150-mile propane pipeline from fractionators in Corpus Christi, Texas to an offtake facility in Sweeney, Texas.

Representation of Milestone Environmental Services in its $45 million SLL, the proceeds of which were used to fund the acquisition of an energy waste disposal facility.

Representation of a water infrastructure and solutions company in its $65 million agricultural loan, the proceeds of which were used to acquire a 67,500-acre ranch to be used for ongoing water disposal operations and freshwater management services.

Representation of a water infrastructure and solutions company in a proposed $250 million SLL acquisition financing.

Representation of an energy infrastructure company in a proposed $1 billion SLL refinancing of its existing term loan A and revolver.

Representation of a Texas power producer in a proposed crypto joint venture.

Representation of various oil & gas producers in their reserve-based lending facilities, with commitments ranging from $50 million to $1.5 billion

Awards and Recognition

Chambers USA, Texas Banking & Finance, 2019 – 2022

Best Lawyers, Banking and Finance Law, 2018 – 2022