Professionals

Jason Lloyd is an associate in the finance section of Porter Hedges. Mr. Lloyd represents financial institutions, mezzanine lenders, SBICs, borrowers, and issuers in a wide variety of syndicated, club, single-lender, and capital market financings, including general working capital facilities, letter of credit facilities, asset-based facilities, cash flow financings, public debt offerings, project financings, and leveraged buyout and acquisition financings. He has significant experience in both domestic and international financing transactions, restructurings, and workouts and has negotiated and documented both senior and subordinated credit facilities secured by numerous types of assets, including UCC Article 9 collateral, vessels, offshore drilling rigs, aircraft, marketable securities, intellectual property, real estate, and oil, gas, and coal bed methane assets. He also has experience in intercreditor-related matters and debtor-in-possession financings.

Mr. Lloyd also has significant experience working with corporate clients and their local counsel and tax advisors to establish subsidiaries and special purpose vehicles in foreign jurisdictions, and to implement and document transfer pricing tax strategies. In this area of Mr. Lloyd’s practice, he has worked with companies with operations and subsidiaries in numerous foreign jurisdictions, including the Cayman Islands, Mexico, Panama, the Bahamas, the Netherlands, Luxembourg, Hungary, Singapore, the Marshall Islands, Thailand, Malaysia, and China.

He has represented clients in connection with the acquisition and disposition of vessels and drilling rigs, including offshore supply vessels, land-based drilling rigs, jack-up rigs, and deepwater drillships. He also advises clients in connection with maritime and insurance-related matters.

• Representation of a publicly-traded offshore drilling company in a $1,000,000,000 Rule 144A and Reg S senior secured notes offering to refinance debt of the company and to finance the company’s acquisition of a Bahamian-flagged ultra-deepwater drillship.
• Representation of a publicly-traded energy services provider in $420,000,000 syndicated senior credit facilities.
• Representation of a publicly-traded offshore drilling company in a $100,000,000 term loan facility to finance its acquisition of a Panamanian-flagged ultra-deepwater jack-up rig.
• Representation of the administrative agent in syndicated senior credit facilities of $145,000,000 to finance the development of a gas storage facility and the construction of related improvements.
• Representation of the administrative agent in $295,000,000 syndicated senior credit facilities secured by over 130 convenience stores, the proceeds of which were used to finance the borrower’s acquisition of over 80 convenience stores from ExxonMobil and to refinance other debt of the borrower.
• Representation of an oil and gas exploration and production company in a $50,000,000 syndicated senior credit facility in which the lenders acquired an overriding royalty interest in the company’s oil and gas assets, convertible into a net profits interest.
• Representation of a publicly-traded offshore drilling company in a $135,000,000 Rule 144A and Reg S senior secured notes offering to finance the company’s acquisition of a Panamanian-flagged ultra-deepwater jack-up rig.
• Representation of an SBIC as the administrative agent in senior credit facilities of up to $16,000,000 to finance a private equity fund’s leveraged buyout of a provider of employment law training services.
• Representation of an SBIC as the administrative agent in senior credit facilities of up to $8,000,000 and the purchase of warrants to finance a leveraged acquisition.
• Representation of the owner and developer of a 55 megawatt wood-waste biomass fired electric generation facility in the negotiation and documentation of a $14,100,000 mezzanine loan and the restructuring of debt owed to senior noteholders.
• Representation of an oil and gas exploration and production company in a $75,000,000 revolving credit facility to finance the company’s acquisition and development of coal-bed methane assets located in Wyoming.
• Representation of a publicly-traded oilfield services provider in $400,000,000 syndicated senior credit facilities secured by substantially all of the company’s assets.
• Representation of the administrative agent in a $75,000,000 reserve-based senior credit facility secured by oil and gas assets located in Texas.
• Representation of a mezzanine lender in a $75,000,000 reserve-based advancing term facility to finance the borrower’s development and operation of oil and gas assets located in Texas, in which the lender acquired an overriding royalty interest in the borrower’s oil and gas assets.
• Representation of mezzanine lenders in senior advancing term facilities of up to $175,000,000 for the development and operation of coal bed methane assets located in Illinois, Kansas, Ohio, and Pennsylvania, in which the lenders acquired fee mineral interests and overriding royalty interests in the coal bed methane assets.
• Representation of a bank in a $27,600,000 senior term loan secured by a U.S.-flagged offshore supply vessel and certain other assets.
• Representation of a bank in $20,000,000 senior credit facilities to finance a private equity fund’s leveraged buyout of a steel and alloy products manufacturer and supplier.
• Representation of an asset-based lender in a $5,000,000 revolving credit facility for a furniture retailer.
• Representation of an asset-based lender in a $5,000,000 advancing term loan facility for an oilfield services provider.
• Representation of a registered ’40 Act business development company in a $100,000,000 treasury-secured revolving credit facility.
• Representation of a real estate developer in a $175,000,000 revolving credit facility.
• Representation of a bank in a $37,000,000 construction facility to finance the construction and development of a medical office building and long-term acute care facility.
• Representation of a bank in a $35,000,000 construction facility 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 $48,500,000 senior credit facilities.
• Representation of the administrative agent in $43,000,000 senior secured credit facilities to finance a strategic buyer’s leveraged acquisition of substantially all of the assets of a distributor of alcoholic beverages.
• Representation of a Dubai-based oilfield services provider in its acquisition of a Bahamian-flagged offshore supply and diving support vessel.
• Representation of a manufacturer of land-based drilling rigs in its negotiation of contracts to construct and sell rigs to a geothermal exploration and production company based in the Philippines.

• State Bar of Texas, Member
• American Bar Association, Member
• Houston Bar Association, Member