Layton Bell
Partner
Debt Finance
Overview
Layton Bell is a corporate partner in the Dallas office of Kirkland & Ellis LLP. Layton’s practice focuses on secured and unsecured financing transactions including syndicated credit facilities, asset-based lending, acquisition finance, liability management transactions and restructurings (including in-court and out-of-court restructurings, debtor-in-possession financings, and exit financings). Layton has extensive experience representing private equity funds, financial institutions and public and private companies in a wide range of complex transactions.
Experience
Representative Matters
Since joining Kirkland, Layton has been involved in the follow representations:
- Antero Resources Corporation (NYSE: AR) in its entry into a new unsecured $1.65 billion revolving credit facility.
- Antero Midstream Partners LP, a subsidiary of Antero Midstream Corporation (NYSE: AM), in connection with its entry into an amended and restated $1.25 billion senior secured revolving credit facility.
- Washington Prime Group (WPG) in its $100 million debtor-in-possession financing in connection with its Chapter 11 process.
- Savage in its acquisition of Texon, a midstream service provider of butane blending and energy marketing services.
- GEP Haynesville, LLC in its $1.85 billion sale to Southwestern Energy (NYSE: SWN).
- Huntsman Corporation (NYSE: HUN) in its subsidiary’s $800 million secured revolving credit facility.
- Morgan Stanley Infrastructure Partners in its structured investment in The Pasha Group, a leader in maritime transportation.
- United Utility Services, a Bernhard Capital Partners portfolio company, in its financing of the acquisition of BHI Power Delivery, a specialty utility transmission and distribution services provider, from Westinghouse Electric Company.
- Cureton Front Range, a midstream oil and gas company, in its acquisition of a portfolio of midstream assets from Aka Energy Group.
- ORIX Capital Partners and its portfolio company Specialty Welding and Turnarounds, LLC (SWAT), a petrochemical and oil and gas refinery turnaround services company, in its first and second lien term loan facility and revolving credit facility financings to acquire Midwest Cooling Tower Services (Midwest).
- ORIX Capital Partners in its acquisition of Odin Construction Solutions, a leading provider of environmental remediation and geotechnical construction services.
- Alta Resources in the $2.925 billion sale of its upstream and midstream subsidiaries for cash and public stock consideration to EQT Corp.
- McDermott International, Ltd on securing approximately $560 million in new capital.
- Bruin E&P Partners, LLC, an exploration and production company, in their prepackaged Chapter 11 cases through which they eliminated over $840 million in funded debt obligations, including obtaining a $230 million debtor-in-possession credit facility and a $230 million reserve-based revolving credit facility upon exit.
- McDermott International, Inc. (NYSE: MDR) and its affiliates, a leading global provider of integrated engineering, procurement, construction and technology services, in a $1.7 billion superpriority secured credit facility, and subsequently in creditor negotiations achieving a prepackaged Chapter 11 filing that deleveraged over $4 billion of funded debt and in securing a $2.81 billion debtor-in-possession financing package from their senior secured lenders, and upon exit from Chapter 11, in an exit financing consisting of $2.44 billion in letter of credit capacity and $544 million of term loan obligations.
Prior to joining Kirkland, Layton was involved in the follow representations
- Administrative agent and lead arrangers in connection with the amendment and restatement of a $500 million first lien term B loan for an automotive supply company.
- Administrative agent and lead arranger in connection with a $1.6 billion term B loan and a $125 million revolving credit agreement for a real estate development company.
- Administrative agent and lead arranger in connection with the amendment and restatement of a $850 million asset-based revolving credit agreement for a leading clothing company.
- Lead arrangers in connection with a $6 billion credit facility of a grocery store chain.
- Administrative agents in connection with an $11.5 billion credit facility for a leading technology company.
- Administrative agent and lead arranger in connection with a $310 million credit facility for an elementary education company.
- Administrative agent in connection with a $840 million first lien term loan, a $200 million second lien term loan and a $75 million asset-based loan for a transportation company.
- Lead arrangers in connection with an amended $2.3 billion term B credit facility and an amended $350 million revolving credit facility for a leading medical supply company.
- Lead arrangers in connection with a $3.6 billion term A loan facility for a leading technology company.
Prior Experience
Cahill Gordon & Reindel LLP
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Credentials
Admissions & Qualifications
- Texas
- New York
Education
- University of Virginia School of LawJ.D.2016
- University of UtahB.S., Financemagna cum laude2013
News &
Insights
Kirkland Advises Huntsman on Merger of Equals with Olin