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Christopher D. Heard

Heard, Christopher D.

Associate

P 713.221.1147
F 713.222.3240
chris.heard@bgllp.com

Assistant

Diane Bailey
713.223.2300 x3034

Chris Heard focuses his practice on commercial lending and financial transactions. He represents domestic and foreign lending institutions and borrowers in connection with the structuring, negotiation, and documentation of a wide array of senior, subordinated, secured, second lien, and unsecured lending transactions, including asset-based loans, acquisition and working capital facilities, letter of credit facilities, bond credit enhancement facilities, oil and gas secured financings, as well as loan restructures and workouts. The majority of his practice consists of representing large commercial banks in connection with syndicated credit facilities to borrowers in a variety of industries, with emphasis on the energy sector. He also devotes a significant amount of time to the representation of borrowers in lending transactions, particularly secured leverage transactions.

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Representative Matters

Represented the lead arranger and administrative agent in a five-year $250 million senior secured revolving credit facility for a publicly traded oilfield services company (2011).

Represented a commercial bank in a one-year $75 million senior secured revolving credit facility with a one-year term-out feature for an oilfield services company, in connection with an equity purchase by a private equity firm and the consummation of multiple asset acquisitions (2011).

Represented a tubular goods distributor in its five-year $80 million asset based revolving credit facility (2011).

Represented a commercial bank in three-year $74 million senior secured revolving and term credit facilities for an oilfield services company (2011).

Represented a commercial bank in a one-year $30 million floor plan line of credit for an automobile dealer (2011).

Represented a mezzanine lender in a four-year $15 million bilateral advancing term loan secured by oil and gas assets (2011).

Represented the lead arranger and administrative agent in a five-year $500 million multi-borrower senior secured revolving reserve-based credit facility for a publicly traded oil and gas exploration and production company, with initial borrowing base availability of $300 million (2010).

Represented a private oilfield services company in its two-year $72.5 million senior secured term loan and revolving credit facilities (2010).

Represented a private equity sponsor in a multi-borrower five-year $60 million asset based revolving credit facility in connection with the acquisition of a portfolio company providing crane rental, lifting and hauling services (2010).

Represented a commercial bank in a five-year $35 million unsecured subordinated term loan to a private oil and gas exploration and production company (2010).

Represented a residential real estate developer in a workout of its $33 million bilateral secured loan (2010).

Represented a private oil and gas exploration and production company in its three-year $100 million senior secured revolving reserved-based credit facility, with borrowing base availability of $15 million (2010).

Represented a commercial bank in a $15 million bilateral secured uncommitted revolving credit facility governed by a borrowing base to an international steel trading company (2010).

Represented a natural gas pipeline company in a $30 million private placement of senior secured notes (2009).

Education

J.D., Georgetown University Law Center, 2004
B.A., magna cum laude, Vanderbilt University, 2001

Bar Admissions

New York
Texas

Affiliations

American Bar Association
State Bar of Texas
Houston Bar Association
Houston Young Lawyers Association