Johnson, Eric

Eric Johnson


Partner

 

Overview

Eric Johnson is Co-Chair of the Firm's Capital Markets Section and has extensive experience representing private and public energy companies, including master limited partnerships, in a broad range of corporate and securities matters. For over 20 years, Eric has focused his practice on mergers and acquisitions, capital markets transactions, and corporate governance matters. He has represented issuers, underwriters and selling stockholders in registered and private offerings of equity and debt securities, tender offers, and exchange offers. Eric has represented both publicly-traded and privately-held companies in numerous mergers, stock purchases, asset purchases and acquisition and disposition transactions. He also has extensive experience representing investors and companies in venture capital transactions, including representing both lenders and borrowers in subordinated debt financings. Eric assists his publicly-traded clients on corporate governance matters. He also assists clients in connection with general commercial and contractual matters. Eric is an Editor of our Capital Markets Blog and Mergers & Acquisitions Blog.

Representative Experience

Capital Markets Transactions

  • Represented Martin Midstream Partners L.P. in its $53 million common units offering, the net proceeds of which were used to acquire an asphalt terminal facility
  • Represented ION Geophysical Corporation in an “at-the-market” offering to raise up to $20 million for general corporate purposes
  • Represented Marathon Oil Corporation in its $1.275 billion offering of common stock, the net proceeds of were used to strengthen its balance sheet and for general corporate purposes, including funding a portion of its drilling program
  • Represented Marathon Oil Corporation in its $2 billion notes offering, the net proceeds of which were used to refinance existing notes and for other general corporate purposes
  • Represented National Oilwell Varco, Inc. in the spin-off of its multi-billion dollar distribution business, operating under the name DistributionNow
  • Represented National Oilwell Varco, Inc. in its $3 billion offering of senior notes, the net proceeds of which were used to fund National Oilwell Varco's acquisition of Robbins & Myers
  • Represented National Oilwell Varco, Inc. in its $3.5 billion commercial paper program
  • Represented the owner of North America's largest interstate pipeline system in a liability management program effecting multiple cash tender offers (including dutch auction tender offers) and a private exchange offer for more than $4 billion in aggregate principal amount of outstanding bonds
  • Represented various underwriters in multiple registered offerings of common units by a Dallas-based master limited partnership specializing in the gathering and processing, transportation, and storage of natural gas and natural gas liquids, raising more than $500 million in net proceeds
  • Represented an interstate pipeline transportation company in its $300 million Rule 144A offering of senior notes, the net proceeds of which were used to finance expansion projects on its pipeline system
  • Represented Martin Midstream Partners L.P., a master limited partnership focusing on terminalling and storage services for petroleum products and by-products, natural gas gathering and processing services and marine transportation services, in multiple registered offerings of common units raising more than $500 million in net proceeds
  • Represented a master limited partnership focused on gathering and processing natural gas produced from the Barnett Shale in a $55 million registered offering of common units, the net proceeds of which were used to reduce outstanding indebtedness under its credit facility
  • Represented a provider of wholesale power to utilities and municipalities in a $235 million private offering of senior unsecured notes to its largest stockholder and the subsequent resale of the notes by the stockholder pursuant to Rule 144A
  • Represented North America's largest provider of deathcare products and services in a $150 million registered offering of senior notes, the net proceeds of which were used to partially fund its $250 million acquisition of a large funeral home operator
  • Represented North America's largest provider of deathcare products and services in a $250 million registered offering of senior notes
  • Represented a provider of wholesale power to utilities and municipalities in its private repurchase of $830 million of senior notes held by various Franklin Templeton funds
  • Represented one of the nation's leading diversified natural gas companies in the remarketing of $100 million of senior notes originally issued as part of the company's equity units
  • Represented North America's largest provider of deathcare products and services in its $400 million cash tender offer for outstanding notes and in its related $400 million Rule 144A offering of new senior notes to finance the tender offer
  • Represented North America's largest provider of deathcare products and services in its $500 million Rule 144A offering of senior notes, the net proceeds of which were used to finance its $856 million acquisition of its largest competitor
  • Represented the owner of North America's largest interstate pipeline system in its withdrawn spin-off of its exploration and production businesses, including the offering of approximately $2 billion in senior notes to recapitalize the businesses in connection with the spin-off

Merger and Acquisition Transactions

  • Represented NOW Inc. in its acquisition of Power Service, known as a premier one-stop shop for modularized well hook-ups
  • Represented Kinder Morgan, Inc. in its acquisition of 15 refined products terminals from BP Products North America Inc. in a transaction valued at approximately $350 million
  • Represented NOW Inc. in its acquisition of Challenger Industries, Inc., a leading pipe, valves and fittings supplier for the downstream, midstream and upstream energy markets
  • Represented NOW Inc. in its acquisition of Odessa Pumps and Equipment, a leading distributor of pumps and equipment for the energy and municipal and wastewater markets
  • Represented NOW Inc. in its acquisition of Progressive Supply, a wholesale distributor of steel pipe, weld fittings, flanges, long weld necks, outlets, forged steel fittings and various pipeline products
  • Represented National Oilwell Varco, Inc. in its acquisition of Halliburton's world-wide surface safety valve business
  • Represented Now Inc. in its acquisition of an inventory management and cutting tool specialist company with operations in the U.S., Mexico, the UK and the Philippines
  • Represented High Sierra Energy LP in its $693 million merger transaction with NGL Energy Partners LP
  • Represented National Oilwell Varco, Inc. in its $777 million acquisition of Ameron International Corporation, a publicly-traded, multi-national manufacturer of highly-engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets
  • Represented NATCO Group Inc., a publicly-traded manufacturer of oil and gas production equipment specializing in separation and decontamination technologies, in its $780 million stock for stock merger transaction with Cameron International Corporation
  • Represented a leading, privately-owned energy services company, focusing on providing environmentally conscious water solutions and other well-site services in every major North American shale play, in connection with its concurrent acquisition of three separate services companies located in the United States and Canada
  • Represented the largest publicly-traded energy partnership and a leading North American provider of midstream energy services in its $125 million acquisition of the Great Divide Gathering System, a 32-mile natural gas gathering pipeline in the Piceance Basin of northwestern Colorado
  • Represented NATCO Group Inc. in acquisitions of oil field equipment manufacturers and service companies located in Texas, Montana, North Dakota and South Dakota
  • Represented the Special Committee of Independent Directors of one of the largest rural and suburban wireless communications services companies in its $2.8 billion stock for cash merger transaction with AT&T
  • Represented an Australian-based, international engineering and construction management company providing services to the energy sector and complex process industries, in multiple acquisitions of engineering firms, including firms providing marine-related engineering and diving services, nuclear power engineering services and other energy related services

Professional History

  • Partner, Locke Lord LLP
  • Co-Chair, Locke Lord Capital Markets Section
  • Senior Staff Member, Commercial Audit, Arthur Andersen (1994-1995)

Professional Affiliations and Recognitions

  • Advisory Board Member, National Association of Corporate Directors, Texas TriCities Chapter
  • Member, Houston Bar Association
  • Member, State Bar of Texas