• Platinum Equity in its capacity as sponsor and lender in the out-of-court restructuring of Yak Access, LLC, the nation’s leading provider of temporary access roads and related services, whereby among other things, the company reduced its funded debt obligations by over $500 million and Platinum funded the majority of a $121 million new money investment, retaining control of the company’s common equity
• Dhanani Group Inc. and its subsidiaries, the second largest quick-service restaurant franchisee group in the United States, with 849 restaurants across 23 states, in connection with an out-of-court workout and refinancing in the form of a $500 million credit facility provided by a group of lenders led by Monarch Alternative Capital LP
• EIG Credit Management Company LLC as note purchasers in a $265 million senior secured note purchase facility for holding company of significant gas-fired power generation projects
• ARM Energy Holdings, a premier infrastructure and energy marketing services firm, in its acquisition of Monument Pipeline from NextEra Energy Partners
• Unit Corporation, a diversified, publicly-traded energy company engaged in oil and natural gas exploration and production, contract drilling, and midstream services, and its affiliates in connection with its prearranged chapter 11 cases deleveraging the company by approximately $650 million in a debt-for-equity transaction with its subordinated noteholders

Distressed Debt, Restructurings, and Work-Out Transactions

• Riverstone Holdings LLC, its portfolio company, Talen Energy Corporation (TEC), and TEC’s wholly-owned subsidiary, Cumulus Growth Holdings LLC in the chapter 11 cases of TEC’s wholly-owned subsidiary Talen Energy Supply, LLC, which involved key settlements that paved the way for a consensual reorganization of Talen’s legacy power generation business and the Cumulus data center and cryptomining growth initiatives and allowed Riverstone to retain material equity positions in both TEC and Cumulus Growth
• Angelo Gordon as administrative agent for a prepetition secured credit facility and a debtor-in-possession credit facility, and stalking horse bidder and purchaser of certain upstream oil and gas assets in the chapter 11 bankruptcy case of Weatherly, Oil & Gas, LLC
• Morgan Stanley in an out-of-court restructuring and term loan financing for an upstream E&P company
• An ad hoc group of lenders holding approximately $175 million in senior secured term debt in the prepackaged chapter 11 cases of Pioneer Energy Services Inc.
• Goldman Sachs in an out-of-court recapitalization of its equity investment and its $90 million secured credit facility in an operator of oil and gas properties in the Uinta Basin
• Wilmington Savings Fund Society FSB, as administrative and collateral agent to the second lien lenders, in the chapter 11 cases of Diamond Sports Group LLC, filed in Houston, Texas
• Riverstone Holdings and HPS Investment Partners in connection with the restructuring of Alta Mesa Resources and its subsidiaries involving approximately $862 million of funded debt
• Platinum Equity in its capacity as an equity sponsor and lender to various portfolio companies and across different industries
• Ares Management in its capacity as a mezzanine lender to several large international renewable power projects

Direct Lending and Private Credit Lending

• EIG Credit Management Company LLC as purchasers in a $110 million senior secured note purchase facility for a significant midstream company
• Riverstone in a $50 million term loan credit facility to an upstream E&P company
• EIG Credit Management Company LLC as purchasers of $50 million in second lien notes from an upstream E&P company
• AMP Capital Investors (US) Limited in connection with the provision of a holding company financing to a major crude and petroleum products storage and marine terminal facility
• Goradia Capital in connection with a subordinated term loan facility for an oilfield services company

Borrower Representations

• PennEnergy Resources, LLC in connection with its purchase of substantially all of the assets of Rex Energy Corporation for $600.5 million and negotiation of a comprehensive global settlement to the chapter 11 case
• Luxe Energy in connection with a “drillship” special purpose vehicle financing in the form of a $175 million senior secured note purchase facility
• Refuel Operating, a First Reserve portfolio company, and owner of 195 gas and convenience stores in connection with refinancing and acquisition financing transactions
• H2O Midstream in a $75 million secured revolving credit facility
• Frank’s International in connection with an asset-based revolving credit facility
• First Reserve and numerous of its other portfolio companies in connection with senior secured term loan, revolving, and other credit facilities
• Gravity Oilfield Services, a Clearlake portfolio company, in connection with an acquisition financing and refinancing transaction in the form of a secured asset-based lending credit facility and accompanying secured term loan facility

Matters may have been handled prior to joining Paul Hastings.