Bracewell & Giuliani LLP announced today that Michael E. Niebruegge has joined the firm as a partner in its Houston, Texas office. Niebruegge focuses his law practice on corporate, finance, bankruptcy and workout matters, primarily in the mining and energy industries. His wide-ranging experience includes the representation of the leading global credit providers and financial advisors to oil and gas producers, refiners, midstream business, oil field service providers, and businesses and corporations engaged principally in service and extractive industries. (more…)
Milbank, Tweed, Hadley & McCloy LLP represented the lenders in connection with the senior debt financing for the Petra Nova Carbon Capture Project, a groundbreaking $1 billion carbon capture and sequestration (CCS) and enhanced oil recovery (EOR) project that is expected to be the world’s largest facility using captured carbon dioxide from an existing power facility to assist in extracting otherwise difficult-to-reach oil.
A Milbank team led by Tokyo-based Global Project Finance partner Alec Borisoff advised the senior lenders, including Japan Bank for International Cooperation (JBIC) and Mizuho Bank, Ltd., who is backed by insurance provided by Nippon Export and Investment Insurance (NEXI). (more…)
Lyman Paden, who has more than 34 years of experience in representing borrowers and lenders in a wide range of financings, joined Baker Botts L.L.P. today as a partner in its Corporate Department. He will be based in the firm’s Houston office.
Paden’s primary focus is on commercial lending transactions, with broad experience in negotiating complex financial covenants and with loans involving a wide range of collateral. He has provided counsel to clients in asset securitizations, commercial paper back-up lines, municipal finance transactions and work-outs of troubled transactions. (more…)
On July 11, 2014, Noble Corporation plc (NYSE: NE) announced that its board of directors approved the spin-off of Paragon Offshore plc, a wholly-owned subsidiary of Noble, through a pro rata distribution of an aggregate of 84,753,393 Paragon ordinary shares to the holders of Noble ordinary shares. Noble shareholders will receive one ordinary share of Paragon for every three ordinary shares of Noble held at 5:00 p.m., New York City time, on the record date of the distribution, July 23, 2014. No fractional Paragon shares will be issued; however, shareholders entitled to receive a fractional Paragon share in the distribution will instead receive the cash value of that fractional share. Subject to the satisfaction of the conditions to the spin-off, the distribution is expected to occur on August 1, 2014. Noble first announced its plan to separate Noble’s standard specification business in September 2013. Following the distribution of the Paragon ordinary shares, Paragon will be a separate, publicly traded company, and Noble will not retain any ownership interest in Paragon. Paragon has applied to list its ordinary shares on the New York Stock Exchange under the symbol “PGN.”
In connection with the spin-off, Paragon executed debt financings of approximately $1.73 billion, including a private offering of senior notes under Rule 144A and a term loan financing. Paragon also entered into an $800 million revolving credit facility. (more…)
Mayer Brown, a leading global law firm, announced that Michael P. Lennon Jr. has joined the firm in Houston as a partner in the Litigation & Dispute Resolution practice and International Arbitration group. Previously, he was a partner with Baker Botts in Houston.
“Mike is an experienced arbitration practitioner and trial lawyer with an outstanding track record for handling a wide variety of arbitration and litigation matters, particularly in the energy, natural resources and construction sectors,” said Bill Knull, a Houston senior partner in Mayer Brown’s global International Arbitration group. “We are delighted to welcome him to Mayer Brown.” (more…)
Gardere Wynne Sewell LLP is pleased to announce the addition of Alfredo Ramos as a partner in the Firm’s Houston office. Mr. Ramos joins the Corporate Practice Group, where he will focus on handling oil & gas and international matters.
Mr. Ramos joins Gardere from the San Antonio office of Chamberlain, Hrdlicka, White, Williams & Aughtry P.C., where he served as head of the Energy and Commercial Litigation practice areas. He provides extensive experience representing U.S. and Latin American clients of all sizes and throughout all phases of the acquisition and divestiture of mineral properties. He also regularly handles corporate banking transactions, preparing secured and unsecured commercial loan documentation. (more…)
Kyle Reeb has joined Porter Hedges as a partner in the Litigation practice group. His practice focuses on a wide range of commercial and complex civil matters, including products liability defense, general liability defense, breach of contract, insurance coverage, and employment litigation. (more…)
LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today that LINN has signed a definitive agreement to acquire assets in five U.S. operating areas from Devon Energy Corporation (NYSE:DVN) for $2.3 billion. The asset package is comprised of approximately 900,000 net acres across the Rockies, Mid-Continent, east Texas, north Louisiana and south Texas regions with approximately 4,500 total wells. LINN has identified over 1,000 future drilling locations and over 600 recompletion opportunities. LINN has secured $2.3 billion of committed interim financing for the acquisition of Devon assets, subject to final documentation. The financing was lead arranged by Scotiabank and included Barclays, RBC Capital Markets and Wells Fargo. (more…)
Bracewell & Giuliani LLP announced today that Robert A. Jacobson has joined the firm as a tax partner in its Houston office. Jacobson focuses his practice on a wide range of tax matters, particularly the structuring of federal income tax effects on partnerships, corporations and individuals involved in complex domestic and international business transactions. He has experience in mergers and acquisitions, reorganizations and capital markets transactions, with a focus on transactions involving master limited partnerships (MLPs). (more…)
Dentons announced today the addition of an intellectual property team led by Michael R. Samardzija, PhD, who joins the Firm as a partner in the Firm’s Houston office, along with counsel Heather Khassian and associate Karthika Perumal, PhD. The team enhances the Firm’s formidable Intellectual Property and Technology group, a top-tier practice consisting of more than 100 lawyers and technically trained professionals.
Samardzija focuses his Intellectual Property practice on the life sciences and clean technology sectors, helping clients secure, transfer, commercialize and protect the rights to their innovations, including microbe technologies to remediate petrochemical spills. He has represented clients in patent infringement litigations and in various technology-based transactions, including licenses, agreements for technology development, transfer, acquisition, joint development, collaboration, product development, strategic alliance, and product distribution. (more…)
The law firm of Thompson & Knight LLP is pleased to welcome Bruce Merwin as a Partner in the Real Estate and Banking Practice Group of the Firm’s Houston office.
“With more than three decades of experience, Bruce is a seasoned real estate lawyer with experience in a wide array of complex real estate transactions as well as noted expertise in construction transactions,” said Andrew A. Ingrum, the Firm’s Real Estate and Banking Practice Group Leader. “His impressive skillset will complement our existing practice and create synergies enabling us to grow our market share.” (more…)