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 2017, he represented Crédit Agricole, as lead arranger in the $810 million revolving credit facility for McDermott International, Inc., secured with offshore construction vessels located around the world and is representing a private equity firm in the project financing of the greenfield development of a cogeneration facility and another private equity firm in the refinancing of its cogeneration facility. He also served as lead counsel for a major U.S. money center bank as lead arranger in multiple credit facilities and for Société Générale in its secured $1.5 billion borrowing base facility for Mercuria Energy Trading.
Recent Notable Matters
A private equity firm — $360 million refinancing of 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 the pending purchase of Westar Energy with an approximate transaction value of $14 billion
Société Générale — $1.5 billion secured commodity borrowing base revolving credit facility for Mercuria Energy Trading, 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
A private equity firm — structuring and documentation of a structured finance vehicle to guarantee certain cash flows for one of the world’s largest industrial companies
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
Targa Resources Partner LP — receivables securitization program
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
Ferrellgas Partners, L.P. — $700 million secured revolving credit facility
DCP Midstream, LLC, a joint venture between Spectra Energy, Inc. and Phillips 66 — $750 million secured revolving credit facility
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
Crédit Agricole — secured $810 million revolving credit facility for McDermott International, Inc. secured primarily by offshore drilling vessels, as lead arranger
Targa Resource Partners, LP — $1.6 billion secured revolving credit facility and acquisition financing
JPMorgan Chase Bank, N.A. — $250 million secured reserve-based credit facility for a private independent oil and gas company, as lead arranger
MUFG Union Bank, N.A — $1.75 billion investment grade revolving credit facility for Continental Resources, Inc., 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”