About Robin
Robin Miles has dedicated his entire legal career to Bracewell, representing chemical and energy companies, banks, investment banks and investors in senior and subordinated debt financings, acquisition and project financings, structured financings, leveraged buyouts, securitizations, structured commodity arrangements, maritime financings, trade financings, restructurings and DIP financings.
In 2018, he represented Crédit Agricole Corporate and Investment Bank in a $4.65 billion senior secured facility consisting of a $1 billion revolving facility, a $1.39 billion senior secured letter of credit facility, and a $2.26 billion senior secured term facility in favor of McDermott International, Inc. to fund the $6 billion all stock combination with Chicago Bridge & Iron Company, N.A. The transaction was secured with assets, including construction vessels, located throughout the world.
He also represented Ferrellgas Partners, L.P. in 2018 in its secured $300 million revolving credit facility and $275 million term loan facility with TPG Specialty Lending, Inc., as administrative agent, and a $250 million accounts receivable securitization with Wells Fargo Bank, N.A., as administrative agent.
Experience
Recent Notable Matters
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
Apache Corporation — $4 billion senior revolving credit facility involving the combination of US dollars and British pounds to support Apache’s North American and North Sea operations, as borrower
Credit Agricole Corporate & Investment Bank — as lead arranger, in a $4.65 billion senior secured facility consisting of a $1 billion revolving facility, a $1.39 billion senior secured letter of credit facility, and a $2.26 billion senior secured term facility, each subject to certain increases, in favor of McDermott International, Inc. to fund the $6 billion all stock combination with Chicago Bridge & Iron Company, N.A.
Ferrellgas Partners, L.P. — in its secured $300 million revolving credit facility and $275 million term loan facility with TPG Specialty Lending, Inc., as administrative agent, and a $250 million accounts receivable securitization with Wells Fargo Bank, N.A, as administrative agent
A private equity firm — $360 million refinancing of a project loan and modification of gas supply and hedging arrangements for a cogeneration facility
Great Plains Energy Inc. — $8 billion bridge loan from Goldman Sachs & Co. used to finance a proposed purchase of Westar Energy with an approximate transaction value of $14 billion
Société Générale — $2.1 billion secured commodity borrowing base revolving credit facility for Mercuria Energy Trading, as lead arranger
MUFG Union Bank, N.A — $1.5 billion investment grade revolving credit facility for Continental Resources, Inc., as lead arranger
Venoco, 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. — issuance of its $175 million of first lien notes, $75 million secured term loan, and exchange of $194 million in principal and interest of its unsecured notes for $150 million of second lien notes. M&A Advisor named the transactions its 2015 “Deal of the Year,” out-of-court restructuring greater than $500 million.
Yuhuang Chemical, Inc. — $800 million loan facility for the construction of a methanol plant with a nameplate capacity of approximately 1.8 million metric tons/year in St. James Parish, Louisiana
Spectra Energy, Inc. — participation in a public bid issued by the Mexican Electricity Commission and project finance for the construction and operation of a $2.1 billion underwater natural gas pipeline in Mexico
Ruby Pipeline, LLC — $1.075 billion senior notes offering and $350 million term loan facility used to refinance its $1.65 billion construction financing
Phillips 66 — $1.2 billion receivables securitization facility arranged by the Royal Bank of Canada in connection with the spin off from ConocoPhillips
Targa Resource Partners LP — $1.6 billion secured revolving credit facility, which included provisions for the fall away of collateral and covenants upon an investment grade rating
A U.S. money center bank and a foreign bank's New York Branch — as joint lead arrangers and administrative agent, in a $1.75 billion secured revolving credit facility to Tallgrass Energy Partners, LP
JPMorgan Chase Bank, N.A. — $250 million secured reserve-based credit facility for a private independent oil and gas company, as lead arranger
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
El Paso Corporation and Ruby Pipeline LLC — $1.58 billion construction and term financing of the 675-mile Ruby Pipeline in the northwest United States. The financing was named Project Finance International's "Oil and Gas Deal of the Year in the Americas" and Project Finance’s "North American Oil and Gas Deal of the Year”