Rudgee S. Charles

In the oil and gas sector, Rudgee has represented a range of issuers and sponsors in asset-backed securities transactions secured by producing wells. His work includes multiple master trust issuances backed by upstream assets in basins across the United States providing critical financing solutions to independent energy companies and financial sponsors alike.

• A borrower in connection with a private placement of asset-backed notes secured by ground leases underlying solar project sites.
• A client as lender in connection with a shipping container warehouse securitization facility.
• Diversified Energy Company PLC in connection with multiple issuances of asset-backed securities secured by producing oil and gas wells.
• Maverick Natural Resources in connection with a master trust issuance of $640 million of asset-backed securities secured by Maverick’s Western Anadarko Basin producing oil and gas wells.
• Raisa Energy LLC in connection with an initial master trust issuance of $636 million of asset-backed securities and subsequent issuances secured by producing oil and gas wells.
• A private company in connection with an issuance of $255 million of asset-backed securities secured by operated producing oil and gas wells.
• A private company in connection with an issuance of $220 million of asset-backed securities secured by producing oil and gas wells.

Auto, Equipment & Other Assets

Represented:

• A private company as issuer in connection with multiple private credit transactions secured by equipment leases.
• World Omni Financial Corp. in connection with numerous publicly registered and private auto ABS transactions, including issuances of term series notes secured by retail loan and lease receivables, and issuances from a floorplan master trust of variable funding notes to ABCP conduits and banks.
• Navistar Financial Corporation in connection with issuances from a floorplan master trust of term series notes in Rule 144A transactions, and variable funding notes to ABCP conduits and banks.
• NextGear Capital, Inc. in connection with issuances from a floorplan master trust of term series notes in 144A transactions, and variable funding notes to ABCP conduits and banks.
• A client in connection with a Rule 144A/Reg S offering of over $125 million of asset-backed notes backed by personal loans.
• Initial purchasers in connection with the Hertz rental car term securitization platform, and as agents and lenders in related variable funding note transactions.
• Clients in preparation of Form SF-3 registration statements complying with Reg AB II shelf eligibility requirements and other complex disclosure issues.
• Portfolio managers in connection with various CLO transactions.

Receivables and Warehouse Facilities

Represented:

• Nelnet as purchaser in $26 billion forward flow purchase facility partnership with Klarna.
• Senior lender and administrative agent in flex pay warehouse facility.
• A bank as purchaser of private equity management fee receivables.
• A bank as lender and administrative agent in multiple ABL securitizations of trade receivables assets.
• A private company in connection with a private credit funded, investment grade rated trade receivables facility.
• A borrower in connection with a $500 million multi-currency, multi-jurisdictional trade receivables facility.
• A client in connection with a partnership with a fintech company involving a warehouse facility securitizing individual draws on unsecured consumer loans.
• Sellers in connection with a receivables sale transaction of reimbursements from development districts.
• Private equity firms and/or their portfolio companies in connection with complex structured financings in the context of asset-based lending transactions, M&A acquisitions and trade receivables financings.