All-Woman Team From Bracewell Handles Financing for Wells Fargo
Deal Wrap: Two banking deals are among several recently announced transactions involving Texas companies.
May 25, 2018 at 02:50 PM
3 minute read
An all-woman team from Bracewell represented Wells Fargo Bank in negotiating a new $1.27 billion revolving credit facility for Houston-based offshore drilling company Rowan Cos. and its subsidiaries.
The Bracewell lawyers involved in the transaction included partners Kate Day and Stephanie Koo Song, both of Houston, and Michele Alexander and Jennifer Feldsher, both of New York. Also, four female associates worked on the financing, which closed on May 22.
The financing adds a new five-year credit facility with borrowing capacity of $955 million, and amends an existing credit facility which makes about $311 million available to Rowan.
Rowan did not immediately identify its counsel.
SPIRIT OF TEXAS BANCSHARES IPO
Jackson Walker represented Spirit of Texas Bancshares in its initial public offering that closed on May 8, while the underwriters turned to Bracewell.
Conroe-based Spirit of Texas Bancshares, the holding company of Spirit of Texas Bank, raised about $42 million in the IPO.
At Jackson Walker, James Pledger, a partner in Austin who is a former Texas Department of Savings and Mortgage Lending commissioner, led the deal team. Other partners were Alex Frutos of Dallas and Michael Meskill of Austin.
At Bracewell, partners Will Anderson and Jason Jean, both of Houston, led the team for the underwriters.
CADENCE BANCORPORATION MERGER WITH STATE BANK FINANCIAL CORP.
In another banking deal, Wachtell, Lipton, Rosen & Katz represents Cadence Bancorporation of Houston in its pending stock-for-stock merger with State Bank Financial Corp. of Atlanta, valued at $1.4 billion. Nelson Mullins Riley & Scarborough is advising State Bank, and Kilpatrick Townsend & Stockton is legal adviser to State Bank's independent directors committee.
The merger has been approved unanimously by the boards of both companies, and is subject to customary approvals by regulators and shareholders of State Bank. It is expected to close during the fourth quarter of 2018.
Wachtell Lipton's team for Cadence is led by corporate partners Edward Herlihy, David Shapiro and Mark Veblen, all in New York.
At Nelson Mullins, Atlanta partner Brennan Ryan leads the deal team.
ARKOMA DRILLING/WILLISTON DRILLING INVESTMENT IN COMSTOCK RESOURCES
Gibson, Dunn & Crutcher represents Arkoma Drilling and Williston Drilling—companies owned by Jerry Jones, the owner of the Dallas Cowboys—in a pending investment in Comstock Resources valued at $620 million. Locke Lord represents Comstock.
According to the terms, Arkoma Drilling and Williston Drilling will acquire interest in certain oil and gas properties located in North Dakota in exchange for common stock in Frisco-based Comstock. Once the transaction closes, Arkoma and Williston will own about 84 percent of the company's outstanding shares. The deal is expected to close in several weeks.
The Gibson Dunn team for Arkoma and Williston includes corporate partners Doug Rayburn of Dallas and Tull Florey and Mike Darden, both of Houston; tax partner James Chenoweth of Houston; and employee benefits/executive compensation partner Michael Collins of Washington, D.C.
Locke Lord partner Jack Jacobsen of Dallas led the Comstock deal team.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Seyfarth Launches Energy Transactions Practice in Houston With Polsinelli Team
3 minute read
Trending Stories
- 1$1.9M Settlement Approved in Class Suit Over Vacant Property Fees
- 2Former Wamco Exec Charged With $600M 'Cherry-Picking' Fraud
- 3Stock Trading App Robinhood Hit With Privacy Class Action 1 Month After Alleged Data Breach
- 4NY High Court Returns Fired Priest's Discrimination Claim to State Agency
- 5Digging Deep to Mitigate Risk in Lithium Mine Venture Wins GM Legal Department of the Year Award
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
