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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.

Clients say: 'She is knowledgeable, experienced and accessible.' She is also noted to bring a 'levelheaded bedside manner and professional humility' to difficult proceedings.
Chambers USA, 2017

Experience

Recent Notable Matters

Citigroup — $3.5 billion unsecured revolving credit facility to midstream MLP Williams Partners L.P. and a $1.5 billion unsecured revolving credit facility to The Williams Companies, Inc., in connection with the merger of Williams Partners and Access Midstream Partners

Citigroup — $1.75 billion revolving credit facility to midstream MLP Enable Midstream Partners

Large international financial institution — $1.5 billion unsecured revolving credit facility to publicly traded midstream MLP EnLink Midstream Partners, LP and a $250 million secured revolving credit facility to EnLink Midstream, LLC, its general partner

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

Citigroup — $1 billion secured, reserve-based revolving credit facility to a privately held oil and gas royalty company in connection with the acquisition of oil and gas assets in Wyoming

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

Citigroup — $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

Wells Fargo Bank, N.A. — $1.5 billion unsecured, multi-borrower revolving credit facility to offshore drilling company Rowan Companies plc

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.

Macquarie Bank Limited — secured $160 million facility to provide inventory financing, cash advances, and financing of margin calls for a commodities company

Citigroup — $2.25 billion unsecured, multi-borrower revolving credit facility to offshore drilling company Ensco plc

Citigroup — $750 million unsecured, multicurrency revolving credit facility and a $40 million committed letter of credit facility to oilfield equipment provider Cameron International

Large international financial institution — $450 million unsecured term loan to midstream MLP Enable Midstream Partners

Large international financial institution — $250 million secured, reserve-based revolving credit facility to a privately held exploration and production company

Wells Fargo Bank, N.A. — $1.5 billion unsecured revolving credit facility to offshore drilling company Diamond Offshore Drilling, Inc.

Société Générale — $200 million first-lien, reserve-based revolver and a $50 million second-lien term loan to a privately held exploration and production company

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

Scotia Bank — $350 million secured reserve-based revolver to Eagle Energy Inc. and Eagle Hydrocarbons Inc.

Scotia Bank — $115 million secured revolving credit facilities to a privately held company with unregulated pipeline assets in the Gulf of Mexico and regulated pipeline assets in California

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

Macquarie Bank Limited — $27.5 million secured revolving credit facility to a biomass power generation company

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

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

Comfort Systems USA, Inc. — $325 million secured revolving credit facility and its surety bonding facility in an amount up to $550 million

Publications and Speeches

"Overview of Debt Financing," Texas Alliance of Paralegal Associations 2016 Leadership Conference, Houston, April 8, 2016.

"Letters of Credit and Guaranties," Client presentation, 2016.

“Negative Covenants in Loan Agreements,” Client presentation, 2016.

"Mexico Energy Reform: Financing Issues,” Client presentation, 2015.

"Securing Hedge Agreements Under Credit Facilities and Collateral Trusts," Client presentation, 2013.

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.

Best Lawyers in America Recognizes Eighty-Eight Bracewell Attorneys

August 23, 2012
Best Lawyers, Woodward White, Inc.

Noteworthy

Noteworthy

Chambers USA
Texas Banking & Finance, 2013 - 2017
The Legal 500 United States
Finance - Commercial Lending: Advice to Borrowers, 2016-2017; Finance - Commercial Lending: Advice to Lenders, 2016-2017; Bank Lending, 2015
Woodward/White, Inc.
Best Lawyers
Banking and Finance Law, 2013 - 2018
Euromoney Institutional Investor PLC
IFLR1000 Financial & Corporate Guide
2014, 2016, 2018