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About Catherine

Cathy has extensive experience advising public utilities and competitive energy issuers on securities offerings. She represents issuers, underwriters and institutional investors in the full range of debt, equity and hybrid securities offerings by such issuers, including offerings of first mortgage and collateral trust bonds, green bonds, unsecured notes, tax-exempt debt, debt for projects, high-yield debt, and common and preferred equity. She also represents energy and utility companies in commercial lending transactions.

Cathy is ranked Band 1 in Energy: Electricity (Finance) in both Chambers USA (2019-2020) and Chambers Global (2019-2020). She has also been recognized by The Legal 500 United States for Project Finance (2019) and Energy: Renewable/Alternative Power (2019). Cathy is a fellow and trustee of the American College of Investment Counsel, as well as a fellow of the American Bar Foundation.

She’s someone who has always commanded tremendous respect; people see her intellectual rigor and judgment and appreciate what she brings to the table.
Chambers USA, 2020

Experience

Recent Notable Matters

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  

Kentucky Utilities Company — $500 million offering of first mortgage bonds

PPL Capital Funding Inc. and PPL Corporation — $400 million in multiple term loans to PPL Capital Funding Inc., as borrower, and PPL Corporation, as guarantor

Darden Restaurants, Inc. — underwriters counsel in offering of 9,000,000 shares of common stock

PPL Electric Utilities Corporation — $400 million first mortgage bond offering

DTE Electric Company — underwriters counsel in two offerings of $1.7 billion of mortgage bonds

DTE Energy Company — underwriters counsel in offering of $2.4 billion of securities, including equity units, common stock and senior notes, to fund the acquisition of midstream natural gas assets

Crédit Agricole — $1.7 billion new financing for McDermott International which includes immediate access to $650 million of financing comprised of $550 million under a term loan credit facility and $100 million under a letter of credit facility, as lead arranger and revolving administrative agent

PPL Corporation subsidiaries — $1.1 billion of mortgage bond transactions*

DTE Electric Company — underwriters counsel in connection with $650 million green bond offering. The bond sale was among the first wave of offerings in the United States by an investor-owned utility to specifically support “green” investments*

DTE Energy Company — underwriters counsel in $800 million senior notes offering*

DTE Energy Company — underwriters counsel in $600 million senior notes offering*

DTE Gas Company — represent purchasers in private placement of $320 million of DTE Gas Company first mortgage bonds*

DTE Energy — underwriters counsel in offering of $675 million of equity units and $1 billion of senior notes to fund purchase of midstream natural gas gathering assets*

Darden Restaurants, Inc. — underwriters counsel in $500 million senior notes offering to fund purchase of Cheddar’s Restaurant Holding Corp.**

PPL Corporation subsidiaries — $2.9 billion Rule 144A/Reg. S offerings of secured and unsecured debt, including preparation of two new utility mortgage bond indentures*

DTE Electric Company — underwriters counsel in connection with $525 million green bonds offering*

DTE Energy Company — underwriters counsel in connection with $300 million of junior subordinated debentures*

Louisville Gas and Electric and Kentucky Utilities — registered offerings of more than $1.5 billion of first mortgage bonds

Talen Energy Supply — remarketing of $230.57 million of tax-exempt bonds issued on its behalf*

PPL Energy Plus LLC and affiliates — $800 million secured energy trading facility to provide credit support for trading operations*

Dealer managers — tender for senior notes of Darden Restaurants, Inc.*

DTE Electric Company and DTE Gas Company — represent purchasers in private placements of first mortgage bonds*

Darden Restaurants, Inc. — designated purchasers’ counsel in private placement of $300 million of senior notes*

PPL Electric Utilities — $223.75 million tax-exempt bond offering*

PPL Capital Funding Inc. — represent issuer in $500 million junior subordinated debenture offering*

* Work completed prior to Bracewell

Credentials

Education

Cornell Law School,
J.D.
1987
cum laude
Harvard University,
A.B.
1984
magna cum laude

Bar Admissions

New York

Affiliations

American College of Investment Counsel, Fellow and Trustee
American Bar Foundation, Fellow
American Bar Association, Infrastructure and Regulated Industries and Business Law Sections, Sections of Public Utilities, Communications and Transportation Law, and Business Law

News

News

Noteworthy

Noteworthy

Chambers Global
Energy: Electricity (Finance), 2019 - 2020
Chambers USA
Nationwide Energy: Electricity (Finance), 2019 - 2020
The Legal 500 United States
Finance: Capital Markets: Debt, 2020; Finance: Project Finance, 2019; Industry Focus: Energy: Renewable/Alternative Power, 2019
Woodward/White, Inc.
Best Lawyers
Energy Law, 2019 - 2021
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate and M&A Guide
Capital Markets: Debt, Capital Markets: Equity, 2019 - 2021