About Jeris
Jeris Brunette focuses her practice on commercial lending and project finance in a variety of industries with an emphasis on the renewable energy sector. She advises, structures and negotiates a range of secured and unsecured financial transactions, including structuring and negotiating senior and subordinated debt financings, acquisition and project financings, structured financings, securitizations and physical and financial commodity hedges. Jeris’ clients include financial institutions, private equity funds and other energy-sector borrowers.
Notably, Jeris represented Crédit Agricole Corporate and Investment Bank as collateral agent to the revolving debtor-in-possession lenders in the $2.81 billion prepackaged Chapter 11 restructuring transaction for McDermott International, Inc. (NYSE:MDR) approved January 23, 2020 and as lead arranger, revolving agent and collateral agent in the $1.7 billion superpriority rescue financing for MDR closed October 21, 2019.
She has been recognized by The Legal 500 United States for Commercial Lending (2018-2019) and Project Finance (2018-2019). Jeris has also been named to list of Rising Stars by IFLR1000 Financial & Corporate Guide in Banking (2016-2020), as well as the New York Super Lawyers Rising Stars list for Securities & Corporate Finance (2017-2019).
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
Crédit Agricole Corporate and Investment Bank — $2.8 billion financing facility in prepackaged Chapter 11 restructuring transaction for McDermott International, as agent to revolving debtor-in-possession (DIP) lenders
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
AP Energy Holdings Inc and South Field Energy LLC — $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project, a 1,182 megawatt combined-cycle natural gas electric generating facility located near Wellsville, Ohio
Credit Agricole Corporate & Investment Bank — as lead arranger, in the $4.65 billion financing of McDermott International, Inc.’s all-stock combination with Chicago Bridge & Iron Company N.V., consisting of a $2.26 billion senior secured term loan facility, a $1.0 billion senior secured revolving credit facility and a $1.39 billion senior secured letter of credit facility
U.S. subsidiary of a major Chinese chemical company — project financing of the construction of a greenfield methanol plant in Louisiana
Crédit Agricole — secured $400 million first-out letter of credit facility and $300 million second-out term loan B for McDermott International, Inc. secured primarily by offshore drilling vessels, as lead arranger
Targa Resources Partners LP — $1.6 billion secured revolving credit facility, which included provisions for collateral and covenant fall-away upon achieving investment grade rating
Targa Resources Partners LP — $300 million accounts receivable securitization facility
Capital Dynamics — long-term project asset secured hedge enabling the project financing of the first phase of its 300 MW Green Pastures wind project in North Texas
Wind developer — two long-term project asset secured hedges enabling the project financing of two wind farms with an aggregate generation capacity of 400 MW
Société Générale — $2.9 billion secured commodity borrowing base revolving credit facility for Mercuria Energy Trading, as lead arranger
Ferrellgas Partners, L.P. — $600 million revolving credit facility
Ferrellgas Partners, L.P. — $160 million accounts receivable securitization with Wells Fargo Bank, N.A.
Cloud Peak Energy Resources LLC — $75 million accounts receivable securitization facility
Multinational investment bank and financial services company — $3.5 billion unsecured revolving credit facility to Williams Partners L.P. in connection with its merger with Access Midstream Partners L.P.
Multinational investment bank and financial services company — $1.5 billion unsecured revolving credit facility to The Williams Companies, Inc.
Crédit Agricole — $2.8 billion financing facility in prepackaged Chapter 11 restructuring transaction for McDermott International, as agent to revolving debtor-in-possession (DIP) lenders
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
Apache Corporation — $5 billion bridge loan to finance the acquisition of oil and gas assets from BP
Wind developer — long-term project asset secured hedge enabling the project financing of a wind farm with an aggregate generation capacity of approximately 200 MW
Macquarie Bank Limited — $30 million project financing of roof-top solar installations for Just Energy Group Inc.’s subsidiary, Hudson Solar
Independent oil and natural gas exploration and production company — receivables securitization program
Phillips 66 — $1.2 billion receivables securitization facility arranged by the Royal Bank of Canada in connection with the spin off from ConocoPhillips
El Paso Natural Gas Company, Colorado Interstate Gas Company, Southern Natural Gas Company, and Tennessee Gas Pipeline Company — $140 million of wholesale accounts receivables programs with BNP Paribas under new accounting rules
Foreign bank — $35 million construction and project financing for a gas-to-liquids plant