As a Chambers USA award winning partner in the firm’s premier finance practice, Stephanie Song has dedicated more than 16 years of her practice to counseling and representing domestic and foreign financial institutions, mezzanine funds, private equity funds, other credit providers and borrowers in all types of secured and unsecured credit transactions, including asset based lending, senior and subordinated debt financings, cross-border financings, debt restructurings, project and acquisition financings, letter of credit facilities, term loans, working capital loans, bond credit enhancement facilities, securitization and conduit lending transactions, oil and gas secured financings, as well as loan restructures and workouts and other various interbank relationships involved in syndicated loan transactions.
A large portion of Stephanie’s practice consists of the representation of large commercial banks in connection with syndicated credit facilities to borrowers in a wide variety of industries with a particular emphasis on leveraged buyouts, secured oil and gas reserve-based lending and the financing of midstream pipeline and oilfield services acquisitions and working capital lines of credit. As a result of her understanding of, and experience in, the nuances of reserve-based lending and other energy transactions and her dedication to client services, Stephanie has assisted clients on their existing energy credits during the recent downturn in the energy industry. Together with her restructuring colleagues at the firm, Stephanie has worked on numerous restructurings, work-outs and re-financings of troubled energy credits. Such experiences include debt-to-equity swaps, distressed trades, restructuring support agreements, debtor-in-possession credit facilities, exit facilities and other components of Chapter 11 and Chapter 7 proceedings for various energy companies.
Stephanie’s dedication to client service has been recognized by Chambers USA since 2011 and her practice has been recognized by other publications since 2006. According to Chambers USA, Stephanie has impressed sources, who describe her as “a dynamo” and “…responsive, thorough, very smart, creative and practical.”
Recent Notable Matters
Wells Fargo Bank, N.A. — $4.5 billion revolving credit facility for National Oilwell Varco, Inc., as administrative agent
Wells Fargo Bank, N.A. — as administrative agent to the senior lien bank group in connection with the pre-arranged bankruptcy filing of Penn Virginia Corporation and its subsidiaries, including the debtor-in-possession facility and exit facility, which exit facility is currently a first lien secured, $1 billion oil and gas reserve based revolving credit facility.
Wells Fargo Bank, N.A. — $750 million secured revolving credit facility subject to an oil and gas reserve based borrowing base to Alta Mesa Holdings, LP, as administrative agent
Global credit and private investment firm — $350 million recapitalization of a privately held, oil and gas exploration and production company in a transaction that featured a combination of convertible preferred stock and senior notes
Global credit and private investment firm — $100 million, senior unsecured notes issuance by a privately held, oil and gas exploration company
Cloud Peak Energy Resources LLC — represented the client, a U.S. coal producer, in a $500 million secured revolving credit facility
Wells Fargo Bank, N.A. — $2 billion unsecured revolving credit facility to FMC Technologies, Inc., as administrative agent
Administrative agent — $350 million transaction involving a secured revolving credit facility and a senior secured term loan facility to a privately-held natural gas midstream and marketing company
Administrative agent — $750 million, unsecured revolving credit facility for the spin-off company of a large, publicly held oilfield services company
Wells Fargo Bank, N.A. — $600 million secured revolving credit facility for Oil States International, Inc., as administrative agent
J.P. Morgan Chase Bank, N.A. — AUD$300 million revolving facility syndicated in Australia for a large oilfield service company, as administrative agent
Administrative agent — $225 million secured revolving credit facilities consisting of a cash flow revolving tranche and an asset-based revolving tranche, to a privately held oil and gas commodities trading and storage company, secured by substantially all assets including an oil and gas storage facility