Bracewell’s structured and commodity finance lawyers negotiate and document the purchase and hedging of financial and physical assets, the financing of multi-national commodity trading businesses, and commodity processing, transportation, and storage businesses. Underlying assets range from receivables and other revenue streams, inventory financing and storage, energy production payments and synthetic leases. Our work in this area also encompasses hedging arrangements, credit sleeves, partnership financing and preferred stock issuances. We also advise clients in highly specialized financings, including arrangements in which physical or financial assets are securitized. These transactions often include the use of derivatives and financial and physical commodity trading arrangements.