Mr. Lloyd represents both borrowers and lenders in commercial, energy, and real estate financing transactions.

He also represents financial institutions and borrowers in construction and development financing transactions.

Representative Experience

• Representation of a publicly-traded offshore drilling company in senior credit facilities of up to $420,000,000 secured primarily by offshore drilling rigs, and the establishment of subsidiaries in the Cayman Islands, Hungary, Luxembourg, Singapore, and The Netherlands.
• Representation of a publicly-traded offshore drilling company in a $100,000,000 term facility to finance its acquisition of an ultra-deepwater jack-up rig.
• Representation of a publicly-traded offshore drilling company in a 144A notes offering, the proceeds of which were used to finance the company's acquisition of an ultra-deepwater jack-up rig.
• Representation of a publicly-traded oilfield services provider in a syndicated senior credit facility of up to $400,000,000 secured by substantially all of the company's assets.
• Representation of the administrative agent in a reserve-based senior credit facility of up to $75,000,000 secured by oil and gas assets located in Texas.
• Representation of an oil and gas exploration and production company in a syndicated senior credit facility of up to $50,000,000, in which the lenders acquired an overriding royalty interest in the collateral properties, convertible into a net profits interest.
• Representation of a mezzanine lender in a reserve-based advancing term facility of up to $75,000,000 for the development and operation of oil and gas properties located in Texas, in which the lender acquired an overriding royalty interest in the collateral properties.
• Representation of mezzanine lenders in senior advancing term facilities of up to $175,000,000 for the development and operation of coal bed methane properties located in Illinois, Kansas, Ohio, and Pennsylvania, in which the lenders acquired fee mineral interests and overriding royalty interests in the collateral properties.
• Representation of a bank in a senior credit facility of up to $20,000,000 to finance the borrower's acquisition of a steel and alloy products manufacturer and supplier.
• Representation of an asset-based lender in an inventory financing of up to $5,000,000 for a furniture retailer.
• Representation of an asset-based lender in a multi-lender financing of up to $5,000,000 secured by the equipment, rolling stock, and accounts receivable of an oilfield services provider.
• Representation of a registered '40 Act business development company in a treasury-secured revolving credit facility of up to $100,000,000.
• Representation of a real estate developer in a revolving credit facility of up to $175,000,000 secured by dozens of commercial properties.
• Representation of a bank in a construction facility of approximately $37,000,000 to finance the construction and development of a medical office building and long-term acute care facility.
• Representation of a bank in a construction facility of approximately $35,000,000 to finance the construction and development of a residential apartment complex.
• Representation of the administrative agent in a debtor-in-possession financing for a developer and manufacturer of hearing aids and related products.
• Representation of companies that own and operate hospitals and provide related healthcare services in senior credit facilities of up to $48,500,000.

News

• Firm Represents Vantage Drilling Company in $75 Million Public Offering and $100 Million Loan Agreement (9/2/2009)

Publications

Mr. Lloyd was senior editor of Texas Review of Law and Politics in 2002-2003, and associate editor from 2001-2002.