Chad Davis

Senior Associate

charles.davis@bakerbotts.com

New York

P: +1.212.408.2539 F: +1.212.259.2539
Chad Davis

Chad Davis represents borrowers, financial institutions, agent banks, private equity firms and other institutional investors in connection with senior and subordinated debt, letter of credit facilities, working capital credit facilities, acquisition financings, bridge loans, term lending, high-yield debt offerings, private placements of securities and other forms of debt financing. Mr. Davis has experience in representing both borrowers and lenders in asset-based and reserve-based lending, including first/second lien financings.

Related Experience

Bank Financings - Borrower Representations

  • Chesapeake Energy Corporation - $4 billion secured revolving credit facility
  • Chesapeake Energy Corporation - $1.5 billion secured term loan facility
  • Atwood Oceanics, Inc. - $1.55 billion senior revolving credit facility secured by offshore drilling rigs.
  • Parker Drilling Company - $200 million secured revolving credit 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
  • CST Brands, Inc. - amendment to $800 million syndicated senior secured revolving and term loan credit facility in order to permit acquisition of general partnership interests in CrossAmerica Partners LP
  • Offshore oil and gas services company - $250 million term loan financing the purchase of a well intervention vessel
  • Technology company - $50 million secured revolving credit facility

Debt Offerings and Private Placements

  • 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
  • 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
  • Cabot Oil & Gas Corporation - $925 million of senior unsecured notes
  • Initial purchasers - purchase of $1.45 billion of senior secured second lien notes of a public independent oil and natural gas company
  • Institutional investors - purchase of $150 million of guaranteed senior secured notes issued by a privately owned company in connection with the acquisition of a ship-building company
  • Private equity firm - purchase of up to $40 million in senior secured notes from an oil and gas company

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