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 Banking 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

  • Sponsor backed power generation company in its $40 million working capital revolver secured by natural-gas fired power generation facilities located in Texas
  • Various private equity backed oil and gas producers in their RBL credit facilities with commitments ranging from $50 million to $250 million
  • WaterBridge Resources in its $1 billion term loan B and $150 million revolving credit facility
  • Global private equity backed oil and gas producer in its $1.5 billion RBL credit facility*
  • Liquidating trust in connection with exit facilities secured by oil and gas assets located in California*
  • Sponsor backed oil and gas producer in its out-of-court workout and orderly liquidation in connection with its $200 million RBL credit facility secured by oil and gas properties located in Oklahoma*
  • Linc USA and its affiliates in their Ch 11 proceedings involving onshore oil and gas assets in Alaska, Texas and Wyoming. The debtors eventually sold substantially all of their in a 363 sale process*
  • Privately held midstream company in its $1 billion acquisition financing of pipeline systems, gas processing plants and CO2 treating facilities located in New Mexico and Colorado*

Bank Financings – Lender Representations

  • JPMorgan in its $500 million RBL credit facility to Rosehill Resources*
  • Global financial services firm in its $300 million RBL credit facility to a private equity backed oil and gas producer*
  • 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*
  • First lien lenders in the bankruptcy and workout of Escalera Resources which included a potential DIP facility, debt for equity swap and 363 sale*
  • First lien lenders in their out-of-court workout and restructuring of a $500 million RBL credit facility to an oil and gas producer in Oklahoma's SCOOP/STACK play. The workout resulted in a debt for equity swap*
  • Wells Fargo in its $1.75 billion revolving credit facility to Tallgrass Energy Partners, LP *
  • Wells Fargo in its $1.50 billion RBL credit facility to an independent oil and gas producer primarily located in the San Joaquin Basin in California*

 

* Matters prior to joining White & Case

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