Lyman Paden

Special Counsel

[email protected]

Houston

P: +1.713.229.1419
F: +1.713.229.2819
Lyman Paden Photo

Lyman Paden has experience representing lenders and borrowers in a wide range of financings, from asset securitizations, to commercial paper back-up lines, to municipal finance, to work-outs of troubled transactions. His primary focus is on commercial loans, many of which include financial covenants, various forms of collateral, interest rate options and multiple creditors. Mr. Paden has also been involved in the documentation of a broad range of commercial transactions. He has experience with a broad range of banking matters, such as checks and letters of credit, as well as other commercial transactions.

Related Experience

  • Represent Chesapeake Energy Corporation in connection with its $4 billion unsecured revolving credit facility
  • Represent Cabot Oil & Gas Corporation in its private issuance of $925 million of senior unsecured notes
  • Represent Parker Drilling Company in connection with its $200 million secured revolving credit facility
  • Represent one of the world’s largest plastics, chemical and refining companies in connection with its $2 billion commercial paper program
  • Represent a large financial institution over many years in the creation of numerous separate loan programs for various groups of independent distributors of nationally branded products, including the design and implementation of middle-market commercial loan documents using document assembly technology, the financial institution’s role as servicer of these national loan portfolios and the securitization of those loan portfolios
  • Represent a Fortune 500 company in connection with its revolving credit facility, including guaranties and collateral from more than one hundred of its subsidiaries
  • Advise numerous financial institutions involved in workouts of troubled loans, addressing possible alternatives for resolution (such as the sale of the loans or the taking of equity), avoidance of lender liability issues, the amendment of existing agreements and the mechanics of foreclosures
  • Represent an entity involved in the enforcement of child support orders, in connection with the sale and financing of its contracts with custodial parents
  • Represent financial institutions providing letters of credit and other forms of credit enhancement for bonds issued by government-created entities
  • Served as expert witness in lender liability and letter of credit litigation
  • Represent the agent for the lenders in syndicated credit facilities for private and public companies, with particular attention to the creation and description of financial covenants and the taking of collateral

Awards & Community

Recognized in The Best Lawyers in America for Banking Law (Woodward and White, Inc.), 2010-2014

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