Kate H. Day

Arranger / Lender Representation

Represented Citigroup in a $1.45 billion unsecured, multi-borrower revolving credit facility and a $450 million 364-day commercial paper backstop facility for Ensco plc.

Represented Citigroup in a $250 million committed letter of credit facility to Cameron International.

Represented Citigroup in a $200 million unsecured term loan to a privately held gas storage company.

Represented Bank of America in a $700 million secured, reserve-based revolving credit facility to Stone Energy Corporation.

Represented Bank of America in a $250 million secured, reserve-based revolving credit facility to a privately held exploration and production company.

Represented Société Générale in a $300 million secured, reserve-based revolver for Abraxas Petroleum Corporation.

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

Represented Scotia Bank in a $50 million secured revolving credit facility to a privately held, regulated pipeline company.

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

Represented Macquarie Bank in multiple secured borrowing base financings to privately held commodities trading companies.

Represented private equity funds in a secured $50 million second-lien credit support facility to a US aluminum producer and a secured $10 million term loan facility to an Australian telecommunications company. 

Borrower Representation

Represented Sysco Corporation in its $1 billion unsecured working capital revolver and commercial paper backstop facility.

Represented Texas Petrochemicals, L.P. in its secured $175 million revolver and its issuance of $350 million of senior secured notes.

Represented Frac Tech Services in its $100 million secured revolving ABL credit facility.

Represented an NBA franchise in a working capital revolver and a private placement of term notes totaling $125 million.

Represented Comfort Systems USA, Inc. in its $125 million secured revolving credit facility and its surety bonding facility in an amount up to $550 million.

Represented Reliant Energy, Inc. in its $500 million revolver and $250 million synthetic letter of credit facility.

Represented El Paso Exploration and Production Company in its $1 billion oil and gas revolving credit facility.

Structured Deals

Represented Citigroup in a $2.2 billion minority interest financing for Anadarko Petroleum Corporation.

Represented Reliant Energy, Inc. in the development and execution with Merrill Lynch of its credit-enhanced structure for supply and hedging of retail power business, including structuring of ring-fence and credit sleeve transaction (Energy Risk magazine's 2008 deal of the year).

Represented Reliant Energy, Inc. in its $450 million accounts receivables securitization from JP Morgan Chase.

Publications and Speeches

"Flood and Title Insurance in Loan Transactions," 2011.

"Letters of Credit and Guaranties," 2010, 2012.

"Securing Hedge Agreements Under Credit Facilities and Collateral Trusts," 2008. 

"Overview of Energy Lending," 2007, 2011.