Christine M. McMillan

Phone713 343 7566

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Experience & Credentials
 

Practice Areas

  • Commercial Finance
  • Corporate
  • Energy & Commodities
  • Energy & Commodities Transactions
 
Contact InfoTelephone: 713 343 7566
Fax: 713 343 7550
http://www.cadwalader.com
 
University Cornell University, B.S., with honors, 1997
 
Law SchoolUniversity of Houston Law Center, J.D., summa cum laude, 2007
 
Admitted2007, Texas
 
Biography

Christine McMillan focuses her practice on financial and commercial transactions primarily in the energy industry. Christine was named a leading lawyer by the 2012 edition of IFLR 1000 in the area of bank lending. She represents lenders and borrowers in a variety of financing transactions, including syndicated and single-bank financings, secured and unsecured transactions, first lien/second lien finance, loan and credit restructurings, and volumetric production payments. In addition, Christine represents energy companies and financial institutions in a variety of energy transactions, including structured energy finance transactions, project finance, mergers and acquisitions and secured hedging arrangements.

She received her B.S., with honors, from Cornell University and her J.D., summa cum laude, from the University of Houston Law Center, where she was Editor-in-Chief of the Houston Law Review and a member of the Order of the Coif. She served as a clerk for the Hon. Justice Willett of the Supreme Court of Texas. Christine is admitted to practice in Texas.

Experience

Representative Experience

VPP

• Represented the purchaser in an approximately $1.1 billion volumetric production payment, including the credit facility used by the purchaser to finance the transaction.

• Represented the purchaser in an approximately $840 million volumetric production payment, including the credit facility and note indenture used to finance the transaction.

• Represented the purchaser in an approximately $744 million volumetric production payment.

Hedges

• Represented the calculation agent in a perpetual multi-counterparty hedging facility that allows an oil and gas exploration and production company to enter into financially settled natural gas and oil hedges with each counterparty under similar terms and that is secured by real property oil and gas interests in Texas, Oklahoma, New Mexico, Wyoming, Louisiana, West Virginia and Pennsylvania.

• Represented a financial institution in a secured hedging facility with an international independent oil and gas exploration and production company that is secured by real property interests in California and other assets in Europe.

• Represented financial institution in series of structured hedging facilities designed for sharing of collateral with multiple counterparties under bilateral master agreements, secured by oil and gas real property interests located primarily in Oklahoma, Ohio, West Virginia and Pennsylvania.

• Represented financial institution in a bilateral secured hedging facility with a special purpose entity created by a fund, which hedging facility is secured by a collateral package that is shared with a senior secured credit facility entered into simultaneously with the hedge.

Unsecured Credit Facility

• Represented the Administrative Agent on a $1 billion unsecured revolving credit facility with a publicly traded, international manufacturer and marketer of refined hydrocarbon products.

• Represented the Administrative Agent on an $860 million unsecured revolving credit facility with a privately held exploration and development company in the oil and gas industry, as the Borrower.

Secured Credit Facility - Upstream Oil & Gas

• Represented the Administrative Agent on a $500 million first lien borrowing base credit facility, providing the corporate revolver with a privately held oil and gas exploration and production company, which is secured by oil and gas interests in real property located in and offshore of Louisiana and Texas.

• Represented Bank of America, N.A., as Administrative Agent, on the restructuring of a $250 million first lien borrowing base credit facility, providing the corporate revolver with a private oil and gas exploration and development company, which facility was secured by oil and gas interests in real property located in North Dakota.

• Represented the Administrative Agent on a $1.7 billion first lien borrowing base credit facility, providing a corporate revolver to a publicly traded oil and gas exploration and production company whose assets are concentrated offshore, which facility is secured primarily by oil and gas interests offshore of Louisiana and Texas.

• Represented the Administrative Agent on a $100 million revolving borrowing base facility, with an oil and gas exploration and development company as the Borrower and secured by onshore and offshore oil and gas interests located in or offshore of Texas and Louisiana.

• Represented the Administrative Agent in the restructuring of a $500 million revolving borrowing base facility, with a publicly traded, independent energy company engaged in the acquisition, exploitation and development of oil and natural gas properties as the Borrower and secured by oil and gas interests located onshore and offshore of California.

• Represented the Administrative Agent in the restructuring of a $750 million revolving oil and gas borrowing base facility, with a privately-owned deepwater exploration company as the Borrower and secured by onshore and offshore oil and gas interests.

• Represented the Administrative Agent on a $1.2 billion first-lien revolving credit facility with an independent oil and natural gas producer as the Borrower, which facility is secured by onshore and offshore oil and gas properties located primarily in or near Louisiana and Texas.

• Represented the Administrative Agent on a $500 million syndicated, first-lien revolving credit facility with a private equity backed company, as the Borrower, secured by onshore and offshore oil and gas properties located primarily in or near California.

• Represented the Administrative Agent on a $500 million first lien borrowing base credit facility, providing the financing for an acquisition of certain assets and a corporate revolver to an independent energy company engaged in the acquisition, exploration, development, exploitation and production of crude oil and natural gas, which facility is secured by oil and gas interests in real property located in and offshore of Louisiana and Texas.

• Represented the Administrative Agent on a $100 million revolving credit facility with a private upstream oil and gas production and exploration company, as the Borrower, secured by oil and gas real property interests, including assets acquired through a transaction funded by the loan proceeds.

• Represented the Administrative Agent on a $250 million revolving credit facility with a private oil and gas exploration and development company, as the Borrower, secured by oil and gas real property interests located primarily in California.

• Represented the Administrative Agent on the amendment and restatement of a $1.25 billion borrowing base credit facility with a private oil and gas exploration and development company, as the Borrower, secured by oil and gas real property interests.

Secured Credit Facility - Upstream Oil & Gas (Second Lien)

• Represented the Administrative Agent on a second lien credit facility, with a private oil and gas exploration and development company, as the Borrower, providing for a term loan of approximately $100 million, secured primarily by oil and gas interests in real property in Texas, Oklahoma and Louisiana.

• Represented the Administrative Agent on a second lien credit facility, with a private equity backed company, as the Borrower, providing for a term loan of approximately $50 million, secured primarily by oil and gas interests in real property in West Virginia.

• Represented the Administrative Agent on a second lien credit facility, providing for a term loan of approximately $75 million, secured by oil and gas interests in real property and other assets of a master limited partnership active in oil and gas production and its affiliates.

• Represented the Administrative Agent on a second lien credit facility, providing for a term loan of approximately $30 million, secured by oil and gas interests in Texas and other assets of a privately held company engaged in the acquisition and development of natural gas and oil reserves and its affiliates.

• Represented the Administrative Agent on a second lien credit facility, providing for a term loan of approximately $100 million, secured by oil and gas interests in Colorado, Oklahoma, Texas, North Dakota and Wyoming of an oil and gas producer that operates solely in onshore plays.

Secured Credit Facility - Midstream & Oilfield Services

• Represented the Administrative Agent on a syndicated credit facility with a midstream oil and gas company, providing for a $40 million term loan to finance the acquisition of certain assets offshore of Louisiana and a $10 million revolving facility.

• Represented the Administrative Agent on a $50 million credit facility with a Texas public utility company specializing in natural gas midstream operations, as the Borrower, which facility is secured by a security interest on personal property, a pledge of equity and a mortgage on the pipeline assets.

• Represented a public oil and gas services company, as the Borrower, in a credit facility providing for a $100 million revolving loan and approximately a $106 million term loan, secured by assets in the United States, Europe and other foreign jurisdictions.

• Represented the Administrative Agent on a $285 million credit facility, with a publicly traded master limited partnership focused on owning midstream infrastructure assets, secured by a security interest on personal property, a pledge of equity and a mortgage on the pipeline assets.

• Represented a Canadian-based oilfield services company, as the Borrower, in a $1.2 billion cross-border financing in connection with a merger and acquisition.

Secured Credit Facility - Downstream

• Represented the Administrative Agent on a $125 million revolving borrowing base credit facility, with the subsidiary of a publicly traded company that operates refineries, as the Borrower, which facility is secured by a first lien on the accounts and related assets and a second lien on the refinery and related assets.

Secured Credit Facility - Other

• Represented the Administrative Agent on a syndicated credit facility, consisting of an $80 million revolver and a $50 million term loan, secured by a first preferred fleet mortgage granted by a publicly traded drilling services company, as the Borrower.

• Represented the Administrative Agent, on a project financing of a hospital in Texas, including both the $34 million construction loan and the $12 million revolving credit facility.

• Represented the Administrative Agent on a project financing of a hospital in Texas, including both the $70 million construction loan and the $14 million revolving credit facility.

• Represented the Administrative Agent on a $300 million exit credit facility with a shipping company, which facility consists of a first lien term loan in the amount of $240 million and a $60 million subordinated term loan that was secured by mortgage liens on U.S. flag-ship vessels.

• Represented a Texas-based public utility on a series of note indentures and credit facilities, in an aggregate amount of approximately $800 million, for the purpose of funding the construction and installation of electrical transmission lines in Texas.

• Represented the Administrative Agent for a $125 million credit facility with a Canadian-based oilfield services company, which facility is secured by drilling contracts, a pledge of equity and drilling rigs that are located in various jurisdictions throughout the world and subject to change jurisdictions periodically.

News & Resources

NEWS

News Releases

•Cadwalader Recognized for Excellence at 2013 Commodity Business Awards
Nov 21, 2013

•Cadwalader Again Recognized Among Legal Leaders by IFLR 1000
Nov 15, 2013

•IFLR 1000 Again Names Cadwalader a Leader in Core Transactional Areas of Practice
Nov 06, 2012

Recognition

•Cadwalader Recognized for Excellence at 2013 Commodity Business Awards
Nov 21, 2013

•Cadwalader Again Recognized Among Legal Leaders by IFLR 1000
Nov 15, 2013

•International Financial Law Review's 2013 IFLR 1000
Nov 06, 2012

Events

•2013 Energy & Commodities Conference
Oct 10, 2013

Clerkship

• Justice Don R. Willett
Texas Supreme Court

 
ISLN919881509
 
Profile Visibility
#2,112 in weekly profile views out of 25,298 lawyers in Houston, Texas
#140,963 in weekly profile views out of 1,537,162 total lawyers Overall

Office Information

Christine M. McMillan

1111 Bagby Street, Suite 4700
HoustonTX 77002




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