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Mr. Lloyd represents both borrowers and lenders in a variety of energy, commercial, and real estate financings.
His energy practice involves the representation of financial institutions and borrowers in reserve-based credit facilities secured by oil, gas, and coal bed methane properties located throughout the United States. He also represents mezzanine lenders in more sophisticated transactions in which the lenders acquire overriding royalty interests and net profits interests in the properties that secure the credit facilities.
In the commercial and real estate arena, he represents both borrowers and lenders in syndicated and single-bank financings secured by numerous types of real property and Article 9 collateral, including securities, barges, vessels, aircraft, equipment, rolling stock, commercial real estate, residential real estate, and raw land. He also represents financial institutions in construction and development financing for commercial real estate located throughout the United States. Representative Experience
- Representation of administrative agent in a reserve-based revolving credit facility of approximately $75 million secured by oil and gas properties located in Texas.
- Representation of a mezzanine lender in a senior-secured advancing term facility of approximately $75 million for the development and operation of oil and gas properties located in Texas, in which the lender also received and overriding royalty interest in the collateral properties.
- Representation of mezzanine lenders in senior-secured advancing term facilities in the aggregate amount of approximately $175 million for the development and operation of coal bed methane properties located in Illinois, Kansas, Ohio, and Pennsylvania, in which the lenders also received fee mineral conveyances and overriding royalty interests in the collateral properties.
- Representation of a bank in a senior-secured revolving credit facility of approximately $100 million for an ethanol marketer and producer.
- Representation of an oilfield services provider in a revolving credit facility of approximately $400 million.
- Representation of an exploration and production company in a syndicated revolving credit facility of approximately $50 million, in which the lenders retained an overriding royalty interest in the collateral properties, convertible into a net profits interest.
- Representation of a registered '40 Act business development company in a treasury-secured revolving credit facility of approximately $100 million.
- Representation of a bank in a credit facility of approximately $20 million to fund the borrower's acquisition of a steel products manufacturer and supplier.
- Representation of a real estate developer in a revolving credit facility secured by real property and Article 9 collateral of approximately $175 million.
News
Publications
Mr. Lloyd was senior editor of Texas Review of Law and Politics in 2002-2003, and associate editor from 2001-2002.
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