Clients praise Charles for his excellent judgment, responsiveness, creativity and understanding of their businesses. He combines these qualities with technical skills, gained over more than two decades of practice, to provide practical advice and solutions to help clients achieve their business objectives. In addition to maintaining an active capital markets, mergers and acquisitions, corporate governance and securities compliance practice, with a particular focus on the energy industry, Charles serves as co-chair of the firm's corporate and securities department.
Charles represents corporate and master limited partnership (MLP) issuers and investment banks in capital markets transactions, including initial public offerings, private investments in public equity (PIPEs) and other public and private offerings of common and preferred equity securities, as well as public and Rule 144A offerings of high-yield, investment-grade and convertible debt securities. He also advises clients on mergers, acquisitions and sales of public and private companies, joint ventures, private equity investments and restructuring transactions, as well as SEC reporting and disclosure obligations and corporate governance and compliance.
Recent Notable Matters
Venoco, Inc. — multiple Rule 144A offerings of high-yield notes
Ferrellgas Partners, L.P. — multiple public and Rule 144A offerings of high-yield notes
Sysco Corporation — multiple public offerings of notes
Energy & Exploration Partners, Inc. — Rule 144A offering of convertible notes and proposed initial public offering
Midstream MLP — proposed initial public offering
Royalty interest MLP — proposed initial public offering
FX Energy, Inc. — $119 million sale to ORLEN Upstream Sp. z o.o., wholly-owned exploration and production subsidiary of PKN ORLEN SA.
National Grid USA — contribution of its equity interests in Iroquois Gas Transmission System LP to Dominion Midstream Partners LP in exchange for approximately $225 million in public equity
Three Rivers Natural Resource Holdings II and III — equity commitments from Riverstone Holdings LLC
Venoco, Inc. — debt restructuring and financing transaction recognized as Out-of-Court Restructuring Deal of the Year (Over $500 Million), 10th Annual M&A Advisor Turnaround Awards
Ruby Pipeline, LLC — Rule 144A offering of notes
El Paso Corporation and subsidiaries — multiple public and Rule 144A offerings of notes
Magnum Hunter Resources Corporation — multiple PIPE and at-the-market offerings of common stock
Underwriters for Energy Transfer Partners, LP — multiple public and Rule 144A offerings of notes
O'Brien Energy Company — multiple private offerings of common and preferred interests in oil and gas limited partnerships
FX Energy, Inc. — public offering of common stock
Underwriters for TransAtlantic Petroleum Ltd. — public offering of common stock
Underwriters for GeoResources Inc. — public offering of common stock
Underwriters for Boots & Coots International Well Control, Inc. — public offering of common stock
Oil and gas exploration and production company — sale of interest in midstream joint venture
HEYCO Energy Group, Inc. — sale of its subsidiary, Harvey E. Yates Company, to Matador Resources Co., in exchange for Matador stock
Venoco, Inc. — financing of its going private transaction, including its $500 million reserve-based revolving credit facility and $215 million second lien term loan and its holding company’s $60 million notes offering and $255 million PIK-toggle high yield notes offering
Hill-Rom Holdings, Inc. (formerly Hillenbrand Industries, Inc.) — spin-off of Batesville Casket business
Energy & Exploration Partners, Inc. — creditor negotiations and Chapter 11 reorganization, which resulted in the elimination of almost $1 billion in debt. The bankruptcy proceeding was completed in four months and with the agreement of all creditor groups.
Venoco, Inc. — Chapter 11 bankruptcy reorganization
Publications and Speeches
"Proxy Access Shareholder Proposals: SEC Issues No-Action Responses," Corporate Compliance Insights, March 14, 2016.
"Maturing Shale Plays Help Usher in Recent Increase in Upstream MLPs," Oil & Gas Financial Journal, June 2013.