Dorothy H. Bjorck

Dorothy H. Bjorck

  • 214.969.1643
    214.880.3165
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Of Counsel

  • Thompson & Knight LLP
    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX 75201 USA
    214.969.1643
    214.880.3165
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Dorothy Bjorck represents clients in lending and structured finance transactions with emphasis on oil and gas and asset based transactions. She also represents clients in derivative transactions.

Dorothy regularly advises clients regarding intercreditor issues as well as the exercise of creditors' rights. She has extensive experience representing issuers and investment bankers in term and conduit asset securitizations, as well as structuring and negotiating loan restructurings.

Experience

  • Represented agent bank and arranger in $1.2 billion syndicated credit facility for independent oil and gas company with 18 bank lenders

  • Represented agent bank and arranger in $1.2 billion syndicated credit facility for independent oil and gas company with 18 bank lenders

  • Represented agent bank and arranger in a $400 million syndicated credit facility for a gas pipeline and marketing company with 12 bank lenders
  • Represented agent bank and arranger in $75 million club syndicated credit facility for privately held oil and gas company

  • Represented single bank in $50 million credit facility for an equity sponsored oil and gas company

  • Represented agent bank and arranger in a $500 million revolving credit facility for an independent oil and gas company secured by producing oil and gas properties; negotiated intercreditor agreement with holder of junior bank debt

  • Represented purchaser of volumetric production payment from upstream oil and gas company for properties located in Mississippi and Louisiana
  • Represented agent bank and arranger in a $400 million syndicated credit facility for a gas pipeline and marketing company with 12 bank lenders
  • Represented agent bank and arranger in a $500 million revolving credit facility for an independent oil and gas company secured by producing oil and gas properties; negotiated intercreditor agreement with holder of junior bank debt

  • Represented originator and issuer in multiple securitizations of auto loans aggregating more than $250 million using Rule 144A structure

  • Represented purchaser of volumetric production payment from upstream oil and gas company for properties located in Mississippi and Louisiana
  • Represented agent bank in $325 million syndicated secured financing for acquisition of oil and gas properties
  • Represented agent bank in $325 million syndicated secured financing for acquisition of oil and gas properties
  • Representing agent bank in $500 million syndicated loan transaction to mortgage company secured by residential mortgage loans and servicing rights, including initial transaction, workout, bankruptcy, and liquidation of collateral
  • Representing agent bank in $500 million syndicated loan transaction to mortgage company secured by residential mortgage loans and servicing rights, including initial transaction, workout, bankruptcy, and liquidation of collateral
  • Representing agent bank in $75 million syndicated loan transaction to mortgage company secured by residential mortgage loans
  • Representing agent bank in $75 million syndicated loan transaction to mortgage company secured by residential mortgage loans
  • $8.5 million secured credit facility for a wholesale produce distributor including a $5.5 million term loan to finance repurchase of stock of founder and expansion of business and $3 million revolving line of credit for working capital, secured by accounts receivable, inventory, and principal facility; negotiated subordination agreement with selling shareholder and worked in officer to obtain evidence of the value of the company at closing

  • $8.5 million secured credit facility for a wholesale produce distributor including a $5.5 million term loan to finance repurchase of stock of founder and expansion of business and $3 million revolving line of credit for working capital, secured by accounts receivable, inventory, and principal facility; negotiated subordination agreement with selling shareholder and worked in officer to obtain evidence of the value of the company at closing

  • Representing placement agent in $42.5 million asset-backed REMIC Certificate asset securitization
  • Representing seller and servicer in $150 million securitization of trade receivables
  • Representing seller and servicer in $150 million securitization of trade receivables
  • Represented issuer in $170 million asset securitization of auto loans wrapped by MBIA
  • Represented issuer in $170 million asset securitization of auto loans wrapped by MBIA
  • Representing issuer and servicer and preparing all documentation for $96 million securitization of automobile loans sponsored by a national bank
  • Representing agent bank in $500 million syndicated loan transaction to mortgage company secured by residential mortgage loans and servicing rights, including initial transaction, workout, bankruptcy, and liquidation of collateral

  • Representing lender in workout and bankruptcy for $9.8 million loan to home improvement lender secured by home improvement loans, servicing rights, and residual interests in asset securitizations, including liquidation of collateral
  • Representing lender in workout and bankruptcy for $9.8 million loan to home improvement lender secured by home improvement loans, servicing rights, and residual interests in asset securitizations, including liquidation of collateral
  • Representing agent bank in $500 million syndicated loan transaction to mortgage company secured by residential mortgage loans and servicing rights, including initial transaction, workout, bankruptcy, and liquidation of collateral

  • Representing lender in workout and bankruptcy for $9.8 million loan to home improvement lender secured by home improvement loans, servicing rights and residual interests in asset securitizations, including liquidation of collateral

  • Representing purchaser in $200 million purchase of a portfolio of student loans held for securitization

  • Representing agent bank in $75 million syndicated loan transaction to mortgage company secured by residential mortgage loans

  • Representing placement agent in $42.5 million asset-backed REMIC Certificate asset securitization

Distinctions/Honors

  • The Best Lawyers In America® by Woodward/White Inc. (Banking and Finance Law); 2005-2019

  • Texas Super Lawyers® by Thomson Reuters (Banking, Energy & Natural Resources); 2003-2004, 2006-2013

  • Best Lawyers in Dallas (Bank Lending), D Magazine; 2003

  • Who's Who Legal: Texas by Law Business Research Limited (Banking); 2007-present

  • "ICFM Leading Lawyers 500," InterContinental Finance magazine; 2013

Activities (Memberships/Affiliations)

  • Member, Dallas Bar Association

  • Member, Texas Bar Association; Business Law Section, Commercial Code Committee and Opinions Committee

  • Member, District of Columbia Bar Association

  • Member, New York Bar Association

  • Member, American Bar Association

  • Member, State Bar of Texas; Chairman, Commercial Code Committee of Business Law Section, 1989-1991

  • Fellow, Texas Bar Foundation

  • Fellow, Dallas Bar Foundation

  • Member, Texas Association of Bank Counsel