Kimberly Perdue
Overview
Kimberly Perdue is a corporate partner in the Dallas office of Kirkland & Ellis LLP. Her practice focuses on private equity, financing transactions and debt restructurings. Kimberly has extensive experience representing private equity funds, financial institutions, institutional investors and public and private issuers in a wide variety of financing transactions in both the United States and abroad, with a concentration on acquisition financing, investment grade lending, cash-flow based lending, asset-based lending (including reserve-based lending for oil and gas transactions), power project financing, mezzanine financing and subordinated debt financing. In addition, Kimberly is experienced in debtor-in-possession and exit financing and workouts and restructurings on behalf of both issuers and investors. Kimberly also regularly counsels clients on working capital arrangements, debt compliance matters and corporate governance matters.
Experience
Representative Matters
While at Kirkland, Kimberly has been involved in the following matters:
- Warren Equity Partners in connection with financing for its acquisition of MacQueen Equipment, LLC, a heavy environmental equipment dealer, lessor and service provider
- 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
- Skylark Private Equity Partners in connection with the financing of its acquisition of a manufacturing company in the education sector
- Oasis Petroleum Inc. and certain of its subsidiaries, which acquire and develop unconventional oil and natural gas resources in North Dakota, Montana and West Texas, in creditor negotiations achieving a pre-packaged Chapter 11 filing and the availability of a $450 million debtor-in-possession credit facility, consisting of a $150 million new money revolving facility and up to a $300 million roll-up of existing prepetition loans, while simultaneously reducing outstanding funded debt by more than $1.8 billion. The package includes a commitment for a reserve-based lending exit facility in an aggregate amount of up to $575 million to be entered into upon exit from Chapter 11
- WPX Energy, Inc. (NYSE: WPX) in its $12 billion all-stock merger of equals with Devon Energy Corporation (NYSE: DVN)
- 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
- Second lien noteholders and certain preferred shareholders in the prepackaged Chapter 11 cases of Rosehill Resources Inc. and Rosehill Operating Company, LLC, collectively an independent oil and natural gas exploration and production company with assets in the Permian Basin, including the provision of new-money DIP financing (which was led by the second lien noteholders and certain other prepetition creditors) to Rosehill. The prepackaged Chapter 11 plan resulted in the conversion of Rosehill’s DIP financing, prepetition second lien notes and certain prepetition unsecured debt into new common equity in Rosehill
- Forum Energy Technologies, Inc., a global oilfield products company, in its issuance of $315 million of Convertible Senior Secured Notes in exchange of approximately $328 million of existing unsecured notes
- Chambers Energy Capital and its affiliates, as noteholders and term loan lenders to affiliates of Arsenal Energy Holdings LLC, in a pre-arranged restructuring under Chapter 11
- TPG in its preferred equity investment of up to $140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin
- Cerberus Capital Management and its portfolio company Steward Health Care System LLC in the sale of its Arizona managed care plan business to Blue Cross and Blue Shield of Arizona
- C&J Energy Services in an approximately $1.8 billion merger-of-equals with Keane Group and the refinancing of the combined company’s ABL loan facility
- Deere & Company in $8 billion in credit facilities, including a $3 billion 364-day unsecured revolving facility, a $2.5 billion 4-year unsecured revolving facility and a $2.5 billion 5-year unsecured revolving facility
- A private E&P company in a $100 million reserve-based working capital facility
- Redwolf Natural Resources, an upstream oil & gas company, in a $500 million reserve-based revolving credit facility in connection with an investment by Pearl Energy Investments
- A private equity sponsor in its joint venture with Houston Energy, L.P. to develop non-operated deepwater exploration projects in the Gulf of Mexico
- Parker Drilling Company and certain of its affiliates in creditor negotiations achieving a pre-arranged Chapter 11 filing reducing the company’s outstanding funded debt by more than $375 million and in obtaining a debtor-in-possession credit facility and, upon exit from Chapter 11, a first lien asset-based credit facility and a second lien term loan facility in conjunction with a simultaneous international restructuring
- BP Energy Company in a $200 million secured letter of credit facility used to backstop plugging and abandonment obligations provided to affiliates of Cox Oil, LLC in the acquisition of Energy XXI Gulf Coast, Inc.
Prior to Kirkland, Kimberly was involved in the following matters:
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Darling International Inc.'s cross-border acquisition of its VION Ingredients business
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Amendment to increase Euro and USD term loan facilities and revolving facility of Armacell International S.A. to finance cross-border acquisition
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Advent International’s acquisitions of the coating resins business of Cytec Industries, Inc. and Vantiv, LLC
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Centerbridge Partners substantial cross-border minority investment in Syncreon Holdings Limited
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Asurion's investment in N.E.W. and the subsequent recapitalization and combination of Asurion and N.E.W. into NEW Asurion
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Vantiv, LLC (now WorldPay) with respect to various acquisition financings
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Thomas H. Lee's investments in Ceridian, Party City Corporation and MoneyGram International
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Summit Partners' investment in Central Security Group
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Providence Equity Partners’ investments in Asurion Corporation, Nextag, Inc. and its proposed acquisition of Bell Canada
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Pier 1 Imports’ working capital facility and debt refinancing
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Large investment grade company in connection with its working capital facility
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Fortegra Financial with respect to various working capital facilities
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Genstar Capital Partners’ fund level revolving line of credit
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Hercules Offshore’s amendment to its senior credit facilities
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Nortek, Inc., in connection with various refinancings
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A large institutional investor as in-house corporate counsel in multiple private placements in connection with working capital and acquisition financings of companies in the electric power, oil & gas and a variety of other industries
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Credentials
Admissions & Qualifications
- 2007Texas
- 2006New York
Education
- Duke University School of LawJ.D.2005
- Loyola University, New Orleans1996