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About Shruthi
Shruthi Prabhu focuses her practice on financial transactions in the energy industry. She represents lenders and borrowers in syndicated, secured, unsecured, traditional and debt financings.
Prior to joining Bracewell, Shruthi clerked with Lone Star Legal Aid.
Experience
Recent Notable Matters
Bank of Montreal — $275 million secured revolving credit facility to publicly traded midstream MLP USD Partners LP, secured by hydrocarbon rail and crude oil terminaling facilities in Canada, Oklahoma, and Wyoming
Solar developer-operator — $85 million secured advancing holdco term loan facility provided by a direct lender, to fund sponsor equity contributions for a portfolio of solar projects across the United States
Synovus Bank — $15 million project financing consisting of a construction facility, tax equity bridge facility, and back-levered term loan, for the construction of a battery energy storage system in California
Wells Fargo Bank, National Association — as lender, administrative agent and collateral agent in the successfully completed exit financing for Diamond Offshore Drilling, Inc. and certain affiliates. The exit financing included approximately $400 million in a revolving credit facility, $100 million in a term loan and over $85 million in privately placed notes.
Crédit Agricole Corporate and Investment Bank — as agent to the lenders in the $2.44 billion letter of credit facility and approximately $544 million in funded debt for McDermott International in the successfully completed emergence from bankruptcy
Macquarie Bank — $150 million secured uncommitted revolver to an international metals and commodities trading company
Comfort Systems USA — $850 million secured revolving credit facility for a nationwide commercial HVAC and construction company
San Antonio Spurs — $200 million of secured revolving and term notes facilities for NBA franchise, as part of the NBA Leaguewide Credit Facilities
Family foundation — over 15 separate below-market interest PRI loans and guaranties, targeting impact in the development of affordable housing and healthcare reform
Wells Fargo Bank, N.A. — as administrative agent for the first lien lender group in the Alta Mesa Chapter 11 bankruptcy case
Large international financial institution — as administrative agent in connection with a $350 million senior secured revolving credit facility to a hydrocarbon commodities trading and transportation company operating throughout the continental United States and Canada