Laura S. Martone

Representative Matters

Finance
Represented Venoco, Inc. in the financing of its going private transaction, including its $500 million revolving credit facility and $215 million second lien term loan.

Represented a major integrated energy company in connection with the public spin-off of its crude oil and petroleum products refining, marketing and transportation, chemicals, and midstream businesses, including a $4 billion revolving credit facility, a $2.8 billion term loan facility, and a $5 billion bridge loan facility.

Represented the administrative agent in a $500 million senior secured revolving credit facility to a master limited partnership, secured by terminals, pipelines, and other logistics assets.

Represented the administrative agent in a $250 million revolving credit facility to a newly-formed, non-traditional master limited partnership, secured by wholesale fuel supply arrangements and related assets.

Represented the administrative agent in connection with a $1.3 billion asset-based uncommitted revolving credit facility to an independent oil company.

Represented Wells Fargo Bank in its purchase of BNP Paribas' North American oil and gas loan portfolio.

Represented a foreign bank in connection with its approximately $390,000,000 sale of certain real estate portfolio loans.

Project Finance
Represented El Paso Corporation and Ruby Pipeline LLC regarding the $1.58 billion construction and term financing of the 675-mile Ruby Pipeline in the northwest United States. The financing was named "Oil & Gas Deal of the Year" for 2010 by Project Finance International.
 
Represented Ruby Pipeline, LLC in its 2012 $350 million term loan facility used to partially refinance its construction financing.

Represented La Paloma Generating Company, LLC and its owners in the $412 million first-lien and second-lien term and working capital project finance facilities regarding its 1,022 MW combined-cycle electric generation facility.

Represented Elba Express Company LLC, a natural gas pipeline transporting regassified LNG, and its sponsor regarding the construction and term financing of a significant lateral connection to the Transco pipeline system.

Represented the administrative agent in connection with an approximately $30 million acquisition financing of a U.S. dual-fueled natural gas and oil-fired combined cycle facility.

Represented project company and sponsors in the development and financing of an on-purpose propane to propylene plant on the Houston Ship Channel.

Oil and Gas Finance
Represented Apollo Investment Corporation in connection with a $100 million secured credit facility to Miller Energy Resources, Inc.

Represented Bank of America, as administrative agent, in a $250 million secured, reserve-based revolving credit facility.

Represented Sabre Oil & Gas Holdings Ltd. in its $80 million financing of off-shore Ghana oil and gas properties.

Represented privately held exploration and production company in a $250 million secured revolving credit facility.