Troy Harder advises clients in all aspects of corporate and securities law, with an emphasis on corporate finance transactions. He has experience representing both issuers and investment banks in a wide range of capital markets transactions, including initial public offerings, public and private offerings of debt and equity securities, tender offers, consent solicitations and exchange offers. He also counsels clients in connection with SEC reporting and corporate governance and compliance matters, including insider reporting and compliance with the rules of the New York Stock Exchange and NASDAQ.
Troy has represented companies involved in all aspects of the energy industry, including exploration and production companies, master limited partnerships, pipeline joint ventures and oilfield services companies. His experience with MLPs includes both representation of the partnerships in a variety of capital markets transactions and representation of conflicts committees in related party transactions. He has also advised companies in a variety of other industries, such as private equity firms, bank holding companies and manufacturing companies.
Recent Notable Matters
Conflicts Committee of the Board of Directors of the General Partner of Tallgrass Energy, LP — acquisition of all of Tallgrass Energy, LP’s publicly held common shares by a group led by Blackstone Infrastructure Partners for approximately $3.2 billion
Kinder Morgan Canada Limited — acquisition of all of the equity securities of Kinder Morgan Canada by Pembina Pipeline Corporation
Apache Corporation — $1.0 billion public notes offering and concurrent tender offers
Altus Midstream Company — $625 million private placement of preferred equity
Pioneer Natural Resources Company — $400 million sale of pressure pumping assets to ProPetro Holding Corp.
Apache Corporation — creation of $3.5 billion midstream company with Kayne Anderson Acquisition Corp., forming the only publicly traded, pure-play Permian Basin midstream company that is a C-corporation
Conflicts Committee of the Board of Directors of the general partner of Tallgrass Energy Partners, LP — acquisition of all of Tallgrass Energy Partner, LP’s publicly held common units by Tallgrass Energy GP, LP in exchange for newly issued Class A Shares of Tallgrass Energy GP, LP valued at approximately $2.2 billion
Kinder Morgan, Inc. — shelf offerings of debt securities totaling over $4.0 billion over three years
Tallgrass Energy Partners, LP — represented the conflicts committee of the board of directors in four separate acquisitions, for total consideration of over $2.0 billion, of ownership interests in Pony Express Pipeline LLC from its parent sponsor
Great Plains Energy Incorporated — revised stock-for-stock merger of equals transaction with Westar Energy, Inc., creating a company with a combined equity value of approximately $14 billion, and with nearly 13,000 MW of generation capacity and more than 51,000 miles of distribution lines
Phillips 66 — $600 million offering of floating rate notes of Phillips 66 exchangeable into floating rate notes of Phillips 66 Partners LP, the first offering by a sponsor of an MLP of debt securities that are exchangeable at the option of the sponsor into debt securities of an MLP
Tallgrass Energy Partners, LP — represented the conflicts committee of the board of directors in the $400 million acquisition of a 24.99 percent membership interest in Rockies Express Pipeline LLC from its parent sponsor
TechnipFMC plc — represented BofA Merrill Lynch and Wells Fargo Securities, as the exclusive dealer managers, in offers to exchange $800 million of senior notes issued by FMC Technologies, Inc. for new senior notes issued by its parent, TechnipFMC plc, and related consent solicitations by FMC Technologies, Inc.
Kinder Morgan, Inc. — acquisition of all the outstanding equity securities of Kinder Morgan Energy Partners, L.P., Kinder Morgan Management, LLC, and El Paso Pipeline Partners, L.P., for a total transaction value of approximately $76 billion
Colorado Interstate Gas Company, L.L.C. — a wholly owned pipeline subsidiary of Kinder Morgan, Inc., in its Rule 144A offering of $375 million of 4.15 percent senior notes due 2026
Kinder Morgan Energy Partners, L.P. — shelf offerings of equity and debt securities totaling over $13.6 billion over five years
Kinder Morgan, Inc. — first public offering of preferred equity securities, consisting of $1.6 billion of 9.75% Series A Mandatory Convertible Preferred Stock
Underwriter's Counsel for EOG Resources Inc. — shelf offerings of equity and debt securities totaling over $15.6 billion over seven years
Kinder Morgan, Inc. — first registered public offering of euro-denominated notes, consisting of €1.25 billion aggregate principal amount of debt securities
Western Gas Partners, LP — represented the Special Committee of the Board of Directors of the general partner of Western Gas Partners, LP in connection with the partnership’s acquisition of the Delaware Basin JV Gathering LLC from a subsidiary of Anadarko Petroleum Corporation
Kinder Morgan, Inc. — establishment of a $5 billion "at-the-market" equity sales program and a $4 billion commercial paper program
Tallgrass Energy Partners, LP — represented the conflicts committee of the board of directors in the acquisition of Trailblazer Pipeline Company LLC from its parent sponsor
Canadian E&P Company — private placement in the United States of $200 million of debt securities
Apache Corporation — $850 million tender offer for its senior notes
Chesapeake Energy Corporation — $2.3 billion offering of debt securities and concurrent tender offers for existing debt securities