Mark D. Holmes

Partner, Houston

Biography

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

Midstream infrastructure company in its $175 million delayed draw term loan acquisition financing

Private equity backed oil and gas producer in its $100 million RBL credit facility

Global private equity backed oil and gas producer in its $1.5 billion RBL credit facility*

Global private equity backed oil and gas producer in its $750 million RBL credit facility*

WaterBridge Resources in its $1 billion term loan B and $150 million revolving credit facility*

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*

Sysco Corporation in its multi-currency $2 billion senior unsecured revolving credit facility*

 

Bank Financings – Lender Representations

Global financial services firm 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*

Wells Fargo Bank, N.A. in its $1.50 billion RBL credit facility to an independent oil and gas producer primarily located in the San Joaquin Basin in California*

Wells Fargo Bank, N.A. in its $1.75 billion revolving credit facility to Tallgrass Energy Partners, LP *

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*

Cadence Bank, N.A. in its $50 million revolving credit facility to a private equity backed midstream company with midstream assets located in Texas and Louisiana*

 

Project Financings

NOLA Oil Terminal LLC in its project development and financing of a greenfield oil and products storage terminal and pipeline in Plaquemines Parish, Louisiana*

Private equity backed midstream company in its $150 million project financing of a natural gas storage facility located in Texas*

 

Private Equity

HPS Investment Partners in senior holdco notes to a midstream joint venture project in Oklahoma's STACK play*

HPS Investment Partners in its $350 million recapitalization of High Mesa, Inc. through a combination of convertible preferred stock and senior notes*

HPS Investment Partners in its $40 million delayed draw term loan facility to a private equity backed oil and gas producer in the Permian Basin*

 

Acquisitions and Divestitures

WaterBridge Resources in its acquisition of water disposal assets from PDC Energy for $125 million of cash consideration with conditional payments of up to $75 million*

WaterBridge Resources in its acquisition of water disposal assets from NGL Energy Partners LP for $238.8 million of cash consideration*

 

* Matters prior to joining White & Case

Awards and Recognition

Chambers USA, Texas Banking & Finance, 2019

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

Texas Super Lawyers, Rising Stars, 2013 – 2015, 2017