Rachael L. Lichman

Partner

Rachel Lichman Photo

Houston

P: +1.713.229.1180 F: +1.713.229.7980

Bank Financings

  • Ensco plc – $1.9 billion amendment and extension of senior revolving credit facility in connection with acquisition of Atwood Oceanics, Inc.
  • Linn Energy, Inc. – $500 million senior reserve-based credit facility
  • Bristow Group Inc. – multiple senior secured term loan equipment financings, aggregating $630 million, secured by helicopters
  • Chesapeake Energy Corporation – $1.5 billion first lien, second out secured term loan facility
  • Paragon Offshore plc – $800 million senior revolving and $650 million senior term loan credit facilities secured by offshore drilling rigs in connection with its spin-off from Noble Corporation
  • Seventy-Seven Energy, Inc. – $275 million senior asset-based revolving credit facility and $400 million senior secured term loan facility in connection with its spin-off from Chesapeake Energy Corporation
  • Atwood Oceanics, Inc. – $1.55 billion senior revolving credit facility secured by offshore drilling rigs
  • Lead arrangers and administrative agents – aggregate $1.3 billion syndicated senior unsecured credit facility and delayed draw term loan for a public energy company MLP sponsor
  • Lead arrangers and administrative agents – aggregate $2.4 billion syndicated senior unsecured credit facility and term loan for a public MLP that provides midstream energy services
  • Privately-held energy company – $280 million senior secured term loan facility and $375 million senior asset-based revolving credit facility
  • Lead arranger and administrative agent – $500 million senior revolving and $750 million senior term loan credit facilities secured by offshore drilling rigs by a public international offshore drilling company
  • CST Brands, Inc. – $800 million syndicated senior secured revolving and term loan credit facility in connection with its spin-off from Valero Energy Corporation
  • Lead arranger and administrative agent – $1.2 billion syndicated senior unsecured delayed draw term loan for a public energy company
  • Bristow Group Inc. – multiple senior secured term loan facilities, aggregating $425 million, secured on a pari passu basis with an existing credit facility, to fund a minority investment in Cougar Helicopters Inc. and the purchase of seven helicopters and certain related assets, as well as to fund working capital needs
  • EQT Midstream Partners, LP – $350 million senior unsecured syndicated revolving credit facility in connection with its initial public offering
  • Privately-held energy company – multiple bilateral letter of credit facilities (in the $250 million range)
  • Lead arrangers and administrative agent – $445 million syndicated senior secured revolving and delayed draw term loan facility to fund a joint venture in the motion picture industry
  • Lead arrangers and administrative agent – $1 billion asset-based revolving credit facility for a public food production company

High-Yield Debt Offerings and Private Placements

  • Delek Logistics Partners, LP – $250 million private placement of senior notes
  • Transocean Ltd. – multiple private placements of senior secured notes, aggregating $1.635 billion, each secured by an ultra-deepwater drillship
  • Chesapeake Energy Corporation – private offers to exchange approximately $3.8 billion aggregate principal amount of existing senior unsecured notes for $2.4 billion senior secured second lien notes
  • Linn Energy, LLC – privately-negotiated exchanges of approximately $2.0 billion aggregate principal amount of existing senior unsecured notes for $1.0 billion senior secured second lien notes
  • Initial purchasers – $1.45 billion private placement of senior secured second lien notes by public independent oil and natural gas company
  • Paragon Offshore plc – $1.08 billion private placement of senior notes in connection with its spin-off from Noble Corporation
  • Seventy-Seven Energy, Inc. – $500 million private placement of senior notes in connection with its spin-off from Chesapeake Energy Corporation
  • Institutional purchasers – $500 million private placement of senior notes secured by offshore vessels by a private offshore vessel supply firm
  • Initial purchaser –$750 million private placement of senior notes secured by offshore drilling rigs by a public international offshore drilling company
  • CST Brands, Inc. – $550 million private placement of senior notes in connection with its spin-off from Valero Energy Corporation
  • Institutional purchasers – $200 million private placement of senior notes issued by a wholly owned subsidiary of a public MLP that owns and operates an interstate natural gas pipeline
  • Initial purchaser – $500 million private placement of senior notes secured by an offshore drilling rig issued by a wholly owned subsidiary of a public international offshore drilling company
  • Bristow Group Inc. – $450 million public offering of senior notes
  • Institutional purchasers – $350 million private placement of senior notes issued by a wholly owned subsidiary of a public energy company engaged in the interstate transportation of natural gas
  • Atwood Oceanics, Inc. – $450 million public offering of senior notes
  • Institutional purchasers – $40 million purchase of senior secured fixed and floating-rate notes issued by a privately held operator and joint owner of a natural gas storage facility
  • Initial Purchaser – $150 million private placement of senior PIK toggle notes by a privately held producer of shelf-stable seafood
  • Lead underwriter – $150 million public offering of senior notes by a public exploration and production company