Thomas Coverdale

Fund Finance

• Representation of leading investment funds in transactions including subscription/capital call facilities, NAV-secured facilities, hybrid facilities, notes offerings, employee co-invests, GP/topco lines, partner loan programs and portco affairs.
• Representative clients include: Alpine Investors, Amulet Capital Partners, Ares Management, Ascend Capital Partners, Aurora Capital Partners, Bayou City Energy, Formentera Partners, Greenbriar Equity Group, InvestIndustrial, King Street Capital Management, Lightbay Capital, Lovell Minnick Partners, Luminate Capital Partners, Origami Capital Partners, Paine Schwartz Partners, Prime Group Holdings, Pritzker Private Capital, Riverbend Energy Group, Silver Oak Services Partners, Sunstone Partners, Thoma Bravo, Tract Capital Management, Trinity Hunt Partners, Warburg Pincus and Warren Equity Partners.
• Warburg Pincus in its flagship oversubscribed Global Growth 14 Fund, its largest ever vehicle with $17.3 billion in LP commitments.
• Silver Oak Services Partners in the recapitalization of Smile Partners USA via a single-asset continuation fund.
• A private equity sponsor in a $1 billion+ complex financial transaction involving a combination of equity and debt into multiple structured vehicles collateralized by subordinated notes.
  

Alternative Capital Solutions and General Financing

• CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, in its $7.5 billion debt facility, the largest ever private debt financing in the United States.
• A midstream oil and gas company in a $900 million+ 144A senior secured notes issuance.
• Denbury Inc. in the refinancing of its $1.5 billion revolving credit facility.
• Maverick Natural Resources in the issuance of $640 million of asset-backed securities secured by Maverick’s Western Anadarko Basin producing wells, as part of a master trust.
• Additional representation of various energy industry clients including Hatch Resources, Mach Natural Resources and Shoals Technologies Group.
  

Acquisition Financing

• Howard Energy Partners in its acquisition of equity interests in Midship Pipeline from Cheniere Energy.
• Denbury Inc., formerly the only U.S.-based public company of scale with a focus on carbon capture, use and storage and enhanced oil recovery, in its $4.9 billion sale to ExxonMobil, creating the largest owned and operated CO2 pipeline network in the United States.
  

Mergers, Acquisitions and Strategic Transactions

• KKR in its acquisition of a majority equity stake in Avantus, a premier developer of large utility-scale solar and solar-plus-storage projects, providing $1 billion+ in equity and debt commitments alongside EIG.
• Energy Impact Partners in its joint venture with OceanSound Partners to acquire Message Broadcast, a provider of customer engagement software for the electric utility industry.