Angela A. Hagerman

Angela is a debt finance partner in Reed Smith’s Houston office with extensive experience representing private investment funds, private credit participants, commercial borrowers, financial institutions, and alternative capital providers in financial transactions of all types. Angela’s practice spans the capitalization table, ranging from senior secured first lien credit facilities to unsecured debt, preferred equity investments, and everything in between. She also regularly counsels clients on general corporate matters, credit facility compliance, and strategic initiatives, primarily in the energy and technology sectors.

Experience

Representative matters

Altus Power Inc., a leading provider of clean energy solutions, in its $300 million investment-grade term loan credit facility with Blackstone Alternative Credit Providers, an affiliate of The Blackstone Group (NYSE: BX).

A privately held exploration and production company in its $750 million revolving credit facility.

GLP Capital Partners in the $3.7 billion sale of GCP International to Ares Management Corporation (NYSE: ARES).

Experience

A privately held exploration and production company in its $750 million revolving credit facility.

GLP Capital Partners in the $3.7 billion sale of GCP International to Ares Management Corporation (NYSE: ARES).

Quantum Capital Solutions, an affiliate of Quantum Capital Group, in its $300 million commitment to a joint venture with Comstock Resources Inc. (NYSE: CRK) to develop Comstock’s Western Haynesville midstream assets.

A first-time real estate fund in its $500 million senior secured capital call facility to fund the design and construction of data centers across the southwestern United States.

A top-tier sponsor in its $1 billion single-draw net asset value facility advanced by a private investment fund.

A blue-chip sponsor in single-asset backleverage transaction of preferred equity shares held in the direct parent of a public company in the health and fitness space.

Sitio Royalties Corp. (NYSE: STR) in the private placement of $600 million senior unsecured notes.

Owl Rock Capital Group in a definitive business combination with Dyal Capital Partners to form Blue Owl Capital Inc. (NYSE: OWL), an alternative asset management firm with over $45 billion in assets under management.

McDermott International, Inc. in its $2.72 billion sale of Lummus Technology to The Chatterjee Group and Rhône Group, through a court-supervised auction process as part of McDermott’s prepackaged Chapter 11 restructuring.

Valaris plc (NYSE: VAL) and 89 of its subsidiaries in their prearranged Chapter 11 cases and $500 million debtor-in-possession term loan agreement with certain of their noteholders.

A premier global real estate asset manager in its partner loan program, with loans ranging in size from $250,000 to $10 million.

A top-tier sponsor in its hybrid credit facility in the amount of $250 million.

A European-based infrastructure sponsor in connection with a Rule 4(a)(2) private placement of notes in the amount of $400 million.

A leading technology-focused private equity sponsor in its negotiation of a management fee-secured credit facility in the amount of $350 million.

A buy-out private equity sponsor in connection with a multi-jurisdictional fee revenue facility in the amount of $100 million.

A leading private credit sponsor in connection with the development of an intercompany loan program, with loans ranging in size from $200,000 to $750,000.

Credentials

Education

University of North Carolina School of Law, 2015, J.D., Dean’s List; Certificate of Merit (Advanced Commercial Contracts)
Wake Forest University, 2010, M.A., English Literature, cum laude; William Randolph Hearst Scholar
University of North Carolina at Chapel Hill, 2008, B.A., English