Tammi S. Niven

Tammi Niven represents public and private corporate borrowers, investors, private equity sponsors, financial institutions and direct lenders in a broad range of complex commercial credit transactions across a wide array of industries and markets, with an emphasis on the energy industry, including:

• Secured and unsecured syndicated credit facilities
• Asset-backed and oil and gas reserve-based financings
• Leveraged and acquisition financings
• Project financings
• Cash flow and working capital loans
• Real estate loans
• Mezzanine and subordinated loans
• Intercreditor arrangements
• Bridge and term loans
• Letter of credit facilities
• Structured finance transactions
• Subscription secured credit facilities
• Loan workouts and debt restructurings
• Debtor-in-possession and exit financings

Tammi's experience includes the following representations:

Energy - Upstream

• A private independent energy company in connection with a $1 billion senior revolving credit facility and $325 million second-lien term credit facility, secured by oil and gas properties located in Texas and Louisiana
• A large privately owned hedge fund sponsor and asset manager in connection with a $100 million second lien term loan to an oil and gas E&P company focused in the Barnett and Marcellus shales and the related intercreditor arrangement
• A Houston-based oil and gas company in connection with its $300 million first lien, $180 million second lien and $50 million mezzanine credit facilities
• A Midland, Texas-based oil and gas E&P company focused primarily in the Permian Basin, in connection with its $20 million senior secured reserve-based credit facility, governed by a conforming and non-conforming borrowing base
• An oil and gas E&P company primarily focused on resource plays in select North American basins, in connection with a $200 million reserve-based revolving credit facility secured by oil and gas properties
• The debtor-in-possession agent and pre-petition agent in the Chapter 11 case of an independent oil and gas E&P company

Energy - Midstream

• The lead arranger and administrative agent in connection with a $350 million senior secured credit facility to an independent, growth-oriented provider of water-related infrastructure to the oil and gas industry in the Permian Basin
• A full-service midstream company in connection with its $150 million revolving credit facility, secured by crude oil gathering, storage and transportation assets in the Eagle Ford Shale
• The lead arranger and administrative agent in connection with a $125 million senior secured credit facility to a private equity-funded midstream company focused exclusively on oilfield water in the Midland and Delaware Basins
• A private equity firm and its portfolio company in connection with the project financing of an approximately 22-mile natural gas pipeline in order to provide natural gas service to the Oregon Clean Energy Center, an approximately 800 MW combined cycle power plant in Ohio
• A Dallas-based midstream provider with operations in the Midland Basin and Delaware Basin in connection with its $585 million senior, secured revolving credit facility
• The lead arranger and administrative agent in connection with a $50 million syndicated revolving credit facility to a high-growth, bulk liquids terminal and logistics operator with operations in the Port of Brownsville
• A natural gas liquefaction and export company in connection with its secured bridge loan for the purpose of developing a modular mid-scale natural gas liquefaction facility
• The lead arranger and administrative agent in connection with a $75 million senior secured credit facility for a diversified midstream logistics company focused on developing and owning rail terminal facilities and marine loading facilities and providing flexible crude oil, sand and LNG logistics services, including storage, transportation and bunkering

Energy - Services

• A publicly traded worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production and the provision of oilfield services in connection with its $2 billion multicurrency credit facility
• A publicly traded global industrial services company in connection with its $300 million senior secured revolving and term loan credit facilities
• A publicly traded international offshore energy services company in connection with its $210 million revolving and term loan credit facilities
• A large privately-owned hedge fund sponsor and asset manager in connection with a $125 million secured term loan to an energy services company in connection with its acquisition of a wireline company and the related intercreditor arrangement
• An energy private equity firm in connection with the acquisition financing of a provider of energy metering and measuring equipment and services, secured by accounts receivable, inventory, real property and other assets
• A Houston-based private equity fund focused on energy services and its portfolio companies in connection with their respective subscription based credit facilities and senior secured revolving and term loan credit facilities
• A private equity firm and its portfolio companies, a value-added distributor of fuel and lubricants and a leading provider of specialty well servicing rigs, in connection with their senior secured revolving and term loan credit facilities
• A Houston-based integrated onshore drilling services provider in connection with its $125 million revolving loan facility and hedging facilities secured by the company’s onshore drilling rigs and other assets

Energy - Downstream

• The lead arranger and administrative agent in connection with a $400 million secured syndicated revolving credit facility and a $225 million secured 364-day term loan facility (which was used to fund a portion of the acquisition of the retail propane operations of a publicly traded master limited partnership) for a company engaged in nationwide marketing and distribution of propane, fuel oil and refined fuels and marketing of natural gas and electricity in deregulated markets
• The lead arrangers and administrative agent in connection with an $11.8 billion syndicated financing ($4 billion revolving credit facility, $5 billion bridge loan and $2.8 billion term loan) for a now publicly traded independent refiner in connection with its spin-off from an integrated international energy company

Energy - Power & Renewables

• A Houston-based independent power producer in connection with its $95 million senior secured and mezzanine project financing of two electric power generation plants
• An independent power development company in connection with the project financing of its 51 MW gas-fired power plant
• The administrative agent in a project financing for a 38.3 MW solar facility in Georgia
• A large independent energy retailer that markets and sells electricity and natural gas in the United States in connection with intercompany debt issued in tandem with the IPO of its indirect parent company on the Toronto Stock Exchange

Other

• A publicly traded business development company in connection with its debt investments in a variety of lower middle market and middle market companies in diverse industry sectors throughout the United States, including information technology, consumer discretionary, consumer and professional services, industrials, materials and manufacturing
• A publicly traded global real estate services company in connection with its $200 million syndicated credit facility
• An employee-owned specialty distribution company serving the aerospace, electronic assembly, medical device and other industrial markets in connection with its asset-based $65 million senior secured revolving and term loan credit facility
• A processor, marketer and distributor of rice and pasta products in connection with a $300 million term loan
• A provider of outsourced network and infrastructure services to the telecommunications industry in connection with a $50 million ABL credit facility and $35 million of subordinated debt
• A loan servicer in connection with the provision of special services relating to a $65 million mezzanine loan
• The administrative agent in connection with the workout and eventual pay-off of a $632.5 million credit facility with a major finance company
• The lead arranger and administrative agent in connection with a $400 million secured credit facility with a leading resort owner, hotel manager and real estate developer
• The letter of credit issuer in connection with a committed $75 million multicurrency letter of credit facility to a global leader in innovative office technologies and work solutions
• A global leader in the computer-aided design and product lifecycle management software market in connection with its debtor-in-possession and exit credit facilities
• The lender in connection with a $150 million, 19 property mortgage and mezzanine credit facility to a self storage company