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About Kate

Kate Day, a member of the firm's management committee, focuses her practice on debt financings in the energy industry. She represents international banks and other lenders, corporate borrowers and private equity sponsors. Kate has particular knowledge of reserve based lending facilities, master limited partnership (MLP) financings, asset-based lending facilities, first and second lien financings, acquisition and working capital facilities, leveraged and investment-grade financings, commodity finance, bond credit enhancement facilities, and hedging arrangements.

Kate also handles restructurings and workouts of loans in the energy industry.

She does a good job of understanding her client’s needs and finding solutions to problems that are often quite complex.
Chambers USA, 2019

Experience

Recent Notable Matters

Large international financial institution — $1.75 billion unsecured revolving credit facility and $850 million unsecured term loan to publicly traded midstream service providers EnLink Midstream, LLC and EnLink Midstream Partners, LP

Large international financial institution — $1.0 billion unsecured term loan to midstream MLP Enable Midstream Partners

Wells Fargo Bank, National Association — $950 million revolving credit facility for publicly traded offshore drilling company Diamond Offshore Drilling Inc. and its subsidiaries

Multinational investment bank and financial services company — $4.5 billion unsecured, multi-borrower revolving credit facility to publicly traded midstream services provider The Williams Companies, Inc., in connection with its acquisition of and merger with Williams Partners

Multinational investment bank and financial services company — $1.75 billion unsecured revolving credit facility to midstream MLP Enable Midstream Partners

Multinational investment bank and financial services company — $385 million secured revolving credit facility to publicly traded midstream MLP USD Partners LP, secured by rail and terminaling facilities in Canada, Oklahoma, and Wyoming

Wells Fargo Bank, National Association — $955 million unsecured revolving credit facility with floating guaranty coverage, to offshore drilling company Rowan Companies plc

Multinational investment bank and financial services company — $2.0025 billion unsecured, multi-borrower revolving credit facility with staggered maturity and floating guaranty coverage, to offshore drilling company Ensco plc

Multinational investment bank and financial services company — $1 billion secured, reserve-based revolving credit facility to a private equity-backed oil and gas royalty company in connection with the acquisition of oil and gas assets in Wyoming

Multinational investment bank and financial services company — $750 million secured, reserve-based revolving credit facility to MorningStar Partners, an oil and gas operator in a joint venture with a major international oil and gas company

Multinational investment bank and financial services company — $300 million secured, reserve-based revolving credit facility to private equity-backed oil and gas company in connection with the acquisition of oil and gas assets in West Texas

Multinational investment bank and financial services company — $500 million secured revolving credit facility to private equity-backed midstream company secured by gathering, processing, and pipeline assets in Wyoming

Multinational investment bank and financial services company — $200 million secured revolving credit facility to private equity-backed midstream company secured by gathering, processing, and pipeline assets in Canada

Société Générale — $300 million secured, reserve-based revolver for independent oil and gas company Abraxas Petroleum Corporation

Large international financial institution — $500 million secured, reserve-based revolving credit facility to independent oil and gas company Stone Energy Corporation

Macquarie Bank Limited — $80 million secured, revolving credit facility in favor of agricultural commodities trading companies Ceres Global Ag Corp. and Riverland Ag Corp., as borrowers

Macquarie Bank Limited — $140 million secured facilities to provide working capital, letters of credit, power and gas supply, and hedging to independent energy retailer Crius Energy Trust

Macquarie Bank Limited — documentation and restructuring of $160 million secured facilities to provide inventory repurchase financing, cash advances, and financing of margin calls for an agricultural commodities company

Macquarie Bank Limited — $37.5 million secured revolving credit facility to a private equity-backed biomass power generation company

Macquarie Bank Limited — multiple secured borrowing base financings to privately held commodities trading companies

Scotia Bank — CAD$1.2 billion of unsecured term and revolving facilities and a US$200 million revolver to Canadian oil and gas company Baytex Energy Corp. and its subsidiaries, in connection with their acquisition of Aurora USA Oil & Gas, Inc.

Scotia Bank — $62.5 million unsecured letter of credit facility to Phillips 66, supporting tax-exempt bond issuances in connection with Merey Sweeny refinery

Scotia Bank — $164 million unsecured letter of credit facility to a privately owned refining company, supporting a tax-exempt bond issuance

Scotia Bank — $132 million unsecured letter of credit facility to midstream MLP NuStar Energy L.P., supporting revenue bond issuances

NBA franchise — working capital revolver and private placements of term notes totaling $200 million

Credentials

Education

University of Virginia School of Law,
J.D.
1997
Rice University,
Bachelor of Arts
1993

Bar Admissions

Texas

Affiliations

Houston Bar Association

News

News

The Best Lawyers in America Recognize 74 Bracewell Attorneys

August 15, 2016
Best Lawyers, Woodward White, Inc.

Insights

Insights

Investing in Upstream Oil and Gas in Mexico

Bracewell's Mexico team is comprised of leading energy lawyers in Houston and London and we are one of the few law firms that have been involved in all aspects of the liberalisation process.

Noteworthy

Noteworthy

Chambers USA
Texas Banking & Finance, 2013 - 2019
The Legal 500 United States
Finance - Commercial Lending: Advice to Borrowers, 2016 - 2018; Finance - Commercial Lending: Advice to Lenders, 2016 - 2018; Bank Lending, 2015
Woodward/White, Inc.
Best Lawyers
Banking and Finance Law, 2013 - 2020
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate Guide
2014, 2016, 2018 - 2020
ALM
Texas Lawyer
Texas Trailblazer, 2019
American City Business Journals
Houston Business Journal
Women Who Mean Business, 2019