Kurt Summers

Kurt Summers

  • 214.969.1669
    214.999.1669
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Partner

  • Thompson & Knight LLP
    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX 75201 USA
    214.969.1669
    214.999.1669
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Kurt Summers represents clients in lending and structured finance transactions, with an emphasis on oil and gas and asset-based transactions. His experience includes both lead arranger and borrower representations, secured and unsecured, ranging from small club deals to large syndicated transactions as well as volumetric production payment transactions.

Experience

Lead Arranger Representations

  • $2.5 billion credit facility for publicly traded, investment grade MLP operator of midstream energy assets
  • $2 billion senior secured credit facility for publicly traded oil and gas exploration and production company
  • $800 million credit facility for publicly traded MLP operator of midstream energy assets
  • $500 million senior secured credit facility for publicly traded MLP operator of oil and gas assets
  • $500 million senior secured credit facility for publicly traded midstream energy limited partnership
  • $500 million senior secured credit facility for privately held oil and gas exploration and production company
  • $500 million credit facility for publicly traded integrated natural gas company
  • $400 million credit facility for publicly traded MLP operator of natural gas storage facilities
  • $400 million credit facility for publicly traded MLP operator of midstream energy assets
  • $255 million senior secured credit facility for privately held oil and gas exploration and production company

Borrower Representations

  • $4 billion revolving credit facility and $1.4 billion term loan facility for publicly traded, investment grade international oil and gas exploration and production company
  • $2.5 billion senior secured credit facility for publicly-traded integrated oil and gas exploration and production and midstream company
  • $1.25 billion credit facility for publicly traded, investment grade oil and gas exploration and production company
  • $1 billion credit facility for publicly traded oil and gas exploration and production company
  • $850 million senior secured credit facility for publicly-traded midstream MLP
  • $750 million senior secured credit facility for publicly-traded oil and gas exploration and production company
  • $750 million senior secured credit facility for privately held offshore oil and gas exploration and production company
  • $350 million senior secured credit facility for private-equity backed midstream joint venture
  • $250 million senior secured credit facility for private-equity backed salt water disposal company
  • $200 million senior secured credit facility for publicly traded independent oil and gas exploration and production company
  • $200 million senior secured credit facility for publicly traded concrete and aggregate company
  • $100 million senior secured credit facility for private-equity backed midstream company
  • Numerous senior secured credit facilities for upstream and midstream portfolio companies of top-tier equity sponsors, with aggregate lending commitments ranging from $100 million to $500 million

Volumetric Production Payment (VPP) Transactions

  • Seven transactions with purchase prices ranging from $180 million to $1.15 billion for second-largest producer of U.S. natural gas (represented investment advisor to VPP seller)
  • $120 million transaction for privately held oil and gas exploration and production company (represented VPP buyer)
  • $45 million transaction for privately held oil and gas exploration and production company (represented VPP seller)
  • $34 million transaction for privately held oil and gas exploration and production company (represented VPP buyer)

Other Matters

  • Experience representing both lenders and borrowers in asset-based loan transactions, with revolving and/or term commitments, for a wide range of industry sectors
  • Experience representing both issuers and indenture trustees and/or collateral agents in public and private notes offerings

  • Experience representing both debtors and creditors in other structured finance transactions, secured and unsecured, with collateral for secured transactions varying across a wide range of personal/movable property, fixtures and/or real/immovable property

Distinctions/Honors

  • Texas Rising Stars® by Thomson Reuters (Banking); 2016-2017

Activities (Memberships/Affiliations)

  • Member, State Bar of Texas

  • Member, Dallas Bar Association

  • Member, Texas Association of Bank Counsel