Concentration

Bank financings, private placement of securities, high-yield debt offerings, structured financings and debt restructurings

Summary

Rick Goyne serves as the head of the finance section of the firm's corporate department. He devotes a significant part of his practice to syndicated financings, including the representation of agent lenders and borrowers, in the energy and other industries, in connection with acquisitions, bridge loans, first lien/second lien financings, working capital facilities and margin credit facilities, as well as in related debt restructurings.

Private placements of securities, primarily on behalf of institutional purchasers, constitute another significant component of Mr. Goyne's practice. He has broad experience in transactions involving senior secured and unsecured debt, mezzanine investments and other forms of junior capital, subordinated debt, acquisition and split-off financings and a variety of structured securities, as well as in related debt restructurings.

Mr. Goyne also handles high-yield debt offerings, frequently on behalf of issuers in the energy industry. In addition, his practice includes asset securitization and other structured finance transactions in such industries as oil and gas, petrochemicals, computers, information technology and consumer products.

Representative Engagements

• Computer company – $1.5 billion of senior notes, $1.5 billion revolving credit facilities, $1.5 billion commercial paper programs and $800 million in synthetic leases for domestic and international manufacturing and office facilities
• Institutional purchasers – $424 million and £25 million senior secured notes issued by Scottish oil and gas company with properties in the North Sea
• Oil and gas company – $1 billion borrowing base revolving credit facility and $500 million bridge loan
• Oil and gas company – $1.25 billion in multiple issuances of high-yield debt securities
• Cellular telephone company – $1.25 billion bridge loan, $250 million bridge loan and $1.7 billion secured credit facility
• Mezzanine investment fund – multiple investments involving subordinated notes, warrants and other equity investments
• Petroleum products MLP – $1.2 billion bridge loan to finance the purchase of pipeline assets
• Institutional purchasers – $280 million of first preferred ship mortgage notes and $85 million of trust preferred securities issued by a shipbuilding company
• Drilling company – revolving credit and term loan facilities aggregating $800 million and secured by preferred ship mortgages on offshore drilling rigs and by stock of certain foreign subsidiaries
• Oil and gas company – $1.2 billion trade receivables securitization
• Institutional purchasers – $147 million of senior secured notes constituting the debt portion of a leveraged lease in the sale-leaseback of a Fortune 500 company's headquarters
• Agent bank – $1.5 billion revolving credit facility for a pipeline company
• Frozen food wholesaler – $220 million secured credit facility and $85 million subordinated note issuance to finance acquisition
• Affiliated petrochemical companies – trade receivables securitizations totaling $955 million
• Agent bank – $500 million interest rate arbitrage facility for the purchase of short-term debt securities
• Marine construction company and affiliates – $180 million senior debt restructuring
• Institutional purchasers – $302 million of senior secured notes and senior notes issued by a petroleum products MLP

Publications, Speeches and Presentations

• Panel Moderator, "Inadvertent Opinions", Working Group on Legal Opinions, New York, May 2009
• "Credit Facilities and Major Corporate Transactions," 30th Annual Corporate Counsel Institute, The University of Texas School of Law, Houston and Dallas, February 2008
• "Third-Party Closing Opinions," Baker Botts Seminar, Dallas, May 2007
• Panel Moderator, "Issues in Mezzanine Finance," American College of Investment Counsel, New York, October 2005
• "TriBar II and Other Recent Developments," American College of Investment Counsel, Chicago, April 1999