Martin Toulouse

Partner

martin.toulouse@bakerbotts.com

New York

P: +1.212.408.2559 F: +1.212.259.2559
Martin Toulouse Photo

Martin Toulouse advises financial institutions, credit funds and corporate borrowers on financing matters. He focuses primarily on complex acquisition, project and structured financing transactions in the energy, natural resources and infrastructure sectors.

Mr. Toulouse's extensive project finance experience includes a wide range of oil and gas, power generation and transmission, mining and infrastructure projects in the United States and Latin America. Over the course of his career, Mr. Toulouse has been involved in a number of projects that have been recognized as “Deals of the Year” by leading industry publications.

Following graduation from law school, Mr. Toulouse served as a law clerk to the Honorable Charles D. Gonthier of the Supreme Court of Canada. Prior to joining Baker Botts, Mr. Toulouse practiced for a number of years with another international law firm in New York and Tokyo. He is a native speaker of French.

Related Experience

  • Sunnova Energy Corporation - two warehouse credit facilities in an aggregate principal amount of $360 million for residential solar service provider
  • Jamaica Public Service Company - financing by Overseas Private Investment Corporation (OPIC) and Citibank to fund improvements to transmission and distribution infrastructure
  • U.S. Department of Transportation - $2.45 billion loan to Amtrak under the RRIF program to finance purchase of new high speed trainsets for the Northeast Corridor
  • Westar Energy, Inc. - financing aspects of its $12.2 billion combination with Great Plains Energy Incorporated
  • Borrower - reserve-based lending facility for the development of an offshore prospect located in the Gulf of Mexico
  • Halliburton - bridge financing for proposed merger with Baker Hughes Incorporated
  • Halliburton - $4.5 billion revolving credit facility
  • Lead arrangers - project financing for the Delta House floating production system operating in the Gulf of Mexico
  • Borrower - project financing for two transmission lines in Texas
  • Energy trading company - uncommitted revolving credit facility secured by receivables and product inventory
  • Major energy company - factoring arrangement relating to outstanding customer receivables
  • Linn Energy - $2.3 billion financing for the acquisition of operating assets from Devon Energy
  • Lead arrangers - $1.8 billion financing for the combination of two production and completion services providers
  • American Industrial Partners - various financing transactions in connection with acquisitions and dispositions of portfolio companies
  • Credit Fund - various venture lending transactions
  • Energy logistics company - crude oil intermediation arrangement with leading financial institution
  • Major energy company - secured commodity hedging arrangements with other industry participants
  • Major energy company - limited recourse financing by non-bank lender to fund ongoing drilling program
  • U.S. Department of Transportation - advice relating to documentation for RRIF program
  • Forum Energy Technologies, Inc. - $600 million revolving credit facility and $100 million financing for the acquisition of Global Tubing, LLC
  • Strategic buyer - $720 million bridge loan financing for the proposed acquisition of a gas utility
  • Sponsor - proposed limited recourse financing for a floating LNG storage and regasification vessel
  • Lead arrangers - proposed project financing for a cobalt mine located in Idaho
  • Equipment manufacturer - $210 million vendor financing
  • Lender - financing for the acquisition of gas processing plants in Pennsylvania and West Virginia
  • Major international energy company - acquisition of Eagle Ford shale properties in excess of $1 billion, including credit support arrangements and $300 million working capital financing related thereto
  • HSBC - $206 million bridge financing for two hydroelectric projects in Panama
  • HSBC - $375 million project financing for the expansion of a crude oil pipeline and related storage facilities in Panama (named Project Finance Magazine's 2009 Latin American Refinancing "Deal of the Year") and subsequent $288 million refinancing
  • Liberty Media Corporation - $670 million margin loan financing
  • Institutional investor - financing for the acquisition of interests in three hedge funds of funds
  • Liberty Media Corporation - $530 million investment in Sirius XM Radio, Inc. (named a 2009 "Deal of the Year" by The Deal) and various other financing transactions
  • Professional basketball team - $115 million issuance of notes
  • Encore Acquisition Company - $4.5 billion acquisition by Denbury Resources Inc.
  • Lead arranger - proposed project financing for a petrochemical project in Trinidad and Tobago
  • Natixis - letter of credit facility for the 500MW Astoria power project in Queens, New York
  • Project company - development of a waste-to-energy project in Mexico
  • Lyondell Chemical Company - acquisition for cash by Basell AF
  • Credit Suisse, UBS, ABN Amro, and Santander - $18 billion financing for the acquisition of Inco by CVRD of Brazil
  • Credit Suisse, Goldman Sachs, Morgan Stanley, and WestLB - first and second lien financing for the $1.6 billion acquisition by LS Power of nine gas-fired power plants located throughout the United States
  • Goldman Sachs, JPMorgan Chase, Barclays and WestLB - first and second lien financing for the acquisition of power generating assets by Energy Capital Partners
  • Lead arranger - $315 million term and working capital secured financing for a drillship contractor
  • Borrower - first and second lien credit facilities relating to the acquisition by international investors of two United States companies in the infrastructure sector
  • Mizuho Corporate Bank, JBIC and other lead arrangers - project financing for the Tuxpan II, Altamira II, and Tuxpan V IPP projects in Mexico
  • Société Générale - $380 million export financing supported by the Export-Import Bank of the United States and Export Development Canada with respect to a gas-fired power plant in Skikda, Algeria

Awards & Community

Recommended in The Legal 500 U.S., 2012 & 2013

Listed in Who’s Who Legal - Project Finance and Energy (Law Business Research Ltd), 2014

Recognized as a New York Super Lawyer (Thomson Reuters), 2010-2016

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