Overview

Bill Hart is a Banking & Finance partner in Mayer Brown's Houston office. He is also a Key Member of the firm’s high-yield debt practice. Bill has broad financial experience representing major banks, underwriters, borrowers and issuers in such matters as placement of high-yield debt securities, project finance, large syndicated bank transactions, oil and gas financings, asset-based financings and acquisition financings. He has industry-specific financing experience in the areas of oil and gas and chemicals. Prior to joining Mayer Brown in 2012, Bill was a partner at another prominent Houston law firm.

Experience

Reserve-based financings

  • JPMorgan Chase and other agents - $200 million reserve-based financing for KFH Real Asset Holdings LP; $500 million reserve-based financing for KNR Resource Investors LP; $500 million reserve-based financing for Carlyle Energy Development ORCO, LLC; $210 million reserve-based financing for Hilcorp Resources, LLC; $300 million reserve-based financing for a prominent oil and gas company
  • Bank of Montreal - $250 million reserve-based financing for Citrus Energy Appalachia, LLC; $250 million reserve-based financing for Ajax Resources LLC; $50 million reserve-based first lien financing for Comstock Resources, Inc.
  • A leading global bank - $500 million reserve-based financing for EM Energy Employee, LLC
  • Castex Energy - over $1 billion in reserve-based financings
  • Parker Drilling - $130 million reserve-based financing
  • Warren Resources - $300 million in reserve-based financings
  • Mariner Energy - $1 billion reserve-based credit facility
  • Encore Acquisition Company - $1.25 billion reserve-based credit facility
  • Encore Energy Partners - $375 million reserve-based credit facility
  • Berry Petroleum - $1.2 billion secured first lien reserve-based credit facility; $250 million second-lien reserve-based credit facility
  • Cabot Oil & Gas Corporation - $1.4 billion reserve-based credit facility
  • Carrizo Oil & Gas - $350 million reserve-based revolving credit facility; $225 million second-lien term loan facility
  • Edge Petroleum - $750 million reserve-based credit facility
  •  Citation Oil & Gas - $75 million reserve-based facility; $160 million reserve-based facility

Downstream, Midstream & Power Financings

  • JPMorgan Chase and other agents - $2.7 billion revolving credit facilities for Weatherford International
  • Halliburton Company - $700 million secured revolving credit agreement; $1.2 billion secured letter of credit facility; $2 billion senior unsecured credit facility
  • KBR, Inc. - $1 billion revolving credit agreement
  • Valero Energy Corporation - $3 billion revolving credit facility; $4.5 billion term loans and revolving credit agreement; $200 million term loan; $750 million revolving credit agreement; $115 million (Canadian) revolving credit agreement
  • Reliant Energy, Inc. - over $8 billion of revolving and term credit facilities for REI and its subsidiaries
  • Lyondell Chemical Corp. - $7 billion secured revolving and term credit facility; $100 million receivables securitization
  • Equistar Chemicals, LP - $1.25 billion secured revolving and term credit facility; $450 million receivables securitization
  • Millennium Chemicals - secured credit facilities consisting of a $125 million revolving facility; $100 million (Australian) term facility and $25 million (Australian) revolving facility
  • Niska Gas Storage - $1.175 billion secured revolving and term loan facility in connection with gas storage assets
  • Transocean Inc. - $1 billion term loan and revolving credit facilities; $250 million working capital – renewal of 365-day unsecured facility; $175 million restructuring facility to finance debt; $545million working capital facility
  • CenterPoint Energy and affiliates - $950 million revolving line of credit; $1.5 billion credit facilities; $1 billion revolving line of credit; $200 million credit facility; $250 million term loan
  • Pride Offshore Inc. - $180 million European facility; $500 million revolving credit loan and $300 million term loan; $250 million revolving credit facility; $200 million term loan
  • Oceaneering International - $250 million term loan facility; $300 million working capital facility
  • J. Ray McDermott, Inc. and affiliates - $500 million revolving credit agreement; $200 million working capital facility; $180 million secured revolving credit facility; $25 million letter of credit facility; $105 million syndicated performance guarantee issuance facility
  • The Babcock & Wilcox Company - $650 million secured credit facility
  • K-Sea Transportation Partners LP - $47 million credit facility

Acquisition Financings

  • Transocean - $15 billion bridge loan facility in the merger of equals between Transocean and GlobalSantaFe
  • Exterran Holdings - $1.65 billion revolving and term loan credit facility in connection with the merger of equals between Universal Compression Holdings and Hanover Compressor
  • Niska Gas Storage - $1.175 billion credit facility consisting of five tranches: US revolver, Canadian revolver, asset sale term loan, US term B loan and Canadian term B loan; term loan proceeds used to partially finance acquisition of EnCana’s natural gas storage assets
  • Weatherford - $1.2 billion bridge facility, used in part to finance the purchase of certain divisions of Precision Drilling
  • Copano Energy - $100 million bridge facility; proceeds used to finance the acquisition of Scissortail Energy
  • Enterprise Products Partners - $1.2 billion credit facility to acquire pipeline assets from Williams Cos.
  • Encore Energy Partners - $300 million reserve-based revolving credit facility used to finance the acquisition of oil and gas properties from Anadarko
  • Great Northern Properties – acquisition of the largest privately owned coal reserves in the U.S.
  • Lyondell Chemical - $2.65 billion term loan used for acquisition of 41.25% interest in Lyondell Citgo Refining LP owned by CITGO Petroleum Corporation
  • Hercules Offshore - $1.05 billion credit facilities; term loan used to partially finance the acquisition of TODCO
  • Newfield Exploration - $575 million acquisition of Inland Resources
  • Inergy, L.P. - $475 million acquisition of Star Gas Propane
  • Valero - $2 billion term loan; proceeds used to finance Valero’s acquisition of Premcor
  • Kayne Anderson - $150 million acquisition of Plains All American Pipeline unites to partially fund Plains’ acquisition of Andrews Petroleum; $175 million acquisition of Copano Energy units to partially fund Copano’s acquisition of ScissorTail Energy
  • Pogo Producing - $750 million 144A offering of notes to partially finance the acquisition of Latigo Petroleum; $208 million acquisition of certain oil and gas properties in west Texas; $1.7 billion acquisition of Canadian oil and gas operations of Unocal (Northrock Resources)
  • Greene’s Energy Group - $60 million credit facilities; proceeds used in part to finance various acquisitions

Asset-based financings

  • Westlake Chemicals - $400 million asset-based credit facility
  • Equistar Chemicals, LP - $250 million asset-based credit facility; $700 million asset-based credit facility
  • Imperial Sugar Company - $140 million asset-based credit facility
  • NCI Buildings Systems - $125 million asset-based credit facility
  • KKR Premier MR Corp. - $1.2 billion asset-based credit facility

High-yield debt offerings

  • ION Geophysical Corporation - $175 million senior secured second priority notes
  • Halcon Resources - $400 million 144A senior notes offering
  • Bonanza Creek - $300 million 144A senior notes offering; $200 million 144A senior notes offering
  • Regency Energy Partners - $700 million 144A senior notes offering; $550 million note exchange; $900 million 144A notes offering
  • Lyondell Chemical Corp. - over $2 billion of high-yield senior and subordinated debt offerings
  • Equistar Chemicals, LP - over $1 billion of high-yield senior and subordinated debt offerings
  • Westlake Chemicals - $250 million 144A senior notes offering
  • Carrizo Oil & Gas Inc. - $400 million 144A senior notes offering
  • Linn Energy - $750 million 144A senior notes offering
  • Mariner Energy - $300 million 144A senior notes offering
  • Encore Acquisition Company - $600 million 144A senior notes offering
  • Berry Petroleum - $325 million 144A senior notes offering
  • Venoco, Inc. - $150 million 144A senior notes offering
  • Chesapeake Midstream Partners - $750 million senior notes offering
  • Reliant Energy, Inc. - $300 million 144A senior notes offering
  • Chesapeake Midstream Partners, LP - $350 million senior notes offering
  • TPC Group LLC - $350 million senior notes offering
  • Atwood Oceanics - $450 million senior notes offering
  • Endeavor International Corporation - $350 million first-priority notes; $150 million second-priority notes
  • Edge Petroleum Company - $200 million senior notes offering
  • Stallion Oilfield Holding Inc. - $250 million secured notes offering
  • RKI Exploration & Production LLC - $250 million senior notes offering
  • Northern Tier Energy LLC - $275 million senior secured notes offering
  • Pacific Energy Management LLC - $145 million senior notes
  • Gothic Production Company - $235 million senior secured notes
  • Computer Sciences Corporation - $700 million senior note offering
  • Energy Partners, Ltd. - $150 million senior notes

Private placements

  • Industrias Penoles, S.A. de C.V. - $377 million private placement
  • Carrizo Oil & Gas Inc. - $22 million private placement
  • Cabot Oil & Gas Corporation - $1.4 billion in private placement
  • International Speedway Corporation - $65 million private placement
  • HEB Grocery - $250 million private placement
  • Cleco Power - $100 million private placement

Project financings

  • Bank of America and other agents - $1.175 billion gas storage project financing for Niska Gas Storage
  • Valero Energy Corporation - $830 million project financings of offshore pipeline systems; $221.3 million project financing of biodiesel refinery
  • Imperial Sugar Company - $145 million project financing of sugar refinery
  • Industrias Penoles, S.A. de C.V. - $155 million project financing of copper mines

Education

University of Cambridge, LLM, summa cum laude

University of Oklahoma College of Law, JD, summa cum laude

Order of the Coif; Outstanding Graduate; Bundy Scholarship

University of Oklahoma, BA, summa cum laude

Phi Beta Kappa; Top Ten Senior

Admissions

  • Texas

Memberships

  • American Bar Association
  • Houston Bar Association
  • Houston Bar Foundation, Fellow
  • Listed in Chambers USA, 2007 – 2016
  • Listed in Best Lawyers in America , 2009 – 2016
  • Listed in Best Lawyers in America – Derivatives, Futures Law, Securitization, Structured Finance, 2013 – 2016
  • Listed in Best Attorneys of America – Lifetime Member
  • Recognized as a Texas Super Lawyer, 2012, 2016
  • Listed in the Legal 500, 2008 and 2009
  • Listed in Best Lawyers in Houston, 2007 – 2016
  • Listed in Best Lawyers in Texas, 2007 – 2016
  • Listed in Best Lawyers in Texas - Capital Markets and Derivatives, 2011
  • Listed in Best Lawyers in Houston - Structured Finance, 2011
  • Listed in Best Lawyers as “Lawyer of the Year” Securitization and Structured Finance Law, 2011