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David advises commodity merchants, banks, and public and private companies regarding syndicated working capital facilities, strategic transactions, structured transactions, and other financings involving energy and other commodities, such as metals, hydrocarbons, renewable fuels, and environmental attributes.
Experience
Representative matters
Representative matters
Midstream intermediation – Bespoke multi-modal intermediation facility in support of a midstream operator’s trading activities.
Commodities house multinational asset-based lending (ABL) facility – Multibillion-dollar ABL facility, including funding for assets in jurisdictions across the Americas, Europe-the Middle East-Africa (EMEA), and the Asia-Pacific region, and incorporating accordion features to accommodate a planned strategic acquisition.
Commodities trading company facility – ABL facility to support multinational commodities trading and related activities.
Representative Legal Experience
Midstream intermediation – Bespoke multi-modal intermediation facility in support of a midstream operator’s trading activities.
Commodities house multinational asset-based lending (ABL) facility – Multibillion-dollar ABL facility, including funding for assets in jurisdictions across the Americas, Europe-the Middle East-Africa (EMEA), and the Asia-Pacific region, and incorporating accordion features to accommodate a planned strategic acquisition.
Commodities trading company facility – ABL facility to support multinational commodities trading and related activities.
Global commodities trading house facility – Large ABL facility to support multinational commodities trading and related activities.
Representative Banking Experience
Refinery intermediation with weekly flex – Structuring, negotiating, documenting, closing, administering, and renewing a crude oil and refined products intermediation for a western Canadian refinery and distribution network.
Midstream intermediation – Structuring, negotiating, documenting, and closing a bespoke intermediation facility providing working capital support for volumes sourced and transported via pipeline in connection with term trading activity.
Physical copper prepay – Structuring, documenting, and closing of a copper prepay facility for a Canadian producer, with embedded price hedge and sculpted delivery profile.
Physical platinum group metals (PGM) prepay – structuring, documenting and closing of a PGM prepay facility for a major EMEA producer, with an embedded price collar and sculpted delivery profile. Implemented the build-out of a bank’s UK logistic capabilities, including VAT, transport and vaulting components, to accommodate a physical settlement structure.
Syndicated aluminum hedging facility – Structuring, negotiating, documenting, closing, and workout of a syndicated term hedge facility for major EMEA aluminum producer.
Refinery intermediation – $1 billion crude oil and refined products intermediation facility for major U.S. East Coast refinery. Closely involved at every stage of the facility life cycle, including initial closing as acquisition finance together with paired ABL; additional leverage via term loan B facility; facility transition to new provider; and workout/restructuring.
Refinery intermediation with embedded term hedge – Structuring, negotiating, documenting, closing, administering, and renewing a crude oil and refined products intermediation for a PADD 5 refinery and related retail/distribution network.
Credentials
Education
Education
- Cornell Law School, 2011, J.D., cum laude, Cornell Law Review, Symposium Editor
- Oberlin College, 2008, B.A., cum laude
Professional admissions & qualifications
Professional admissions & qualifications
- New York