Texas Lawyers’ Capital Markets Deals Down Nearly 25% in 2019

Bracewell’s Will Anderson, co-chair of the firm’s corporate and securities practice, recently spoke with The Texas Lawbook’s Claire Poole about the state of capital markets in Texas during 2019 and the start of this year.

Anderson said the debt capital markets were fairly receptive to energy companies last year and the first two months of this year, at least to the extent that proceeds were being used to pay down maturing debt. “The message from investors continues to be that energy companies, particularly upstream and midstream, need to reduce leverage,” he said.

Anderson added that a number of the firm’s bank clients also accessed the debt capital markets in 2019 by issuing subordinated notes.

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