Carter L. Olson
Texas Tower
845 Texas Avenue
Suite 4700
Houston, Texas 77002
Carter’s practice focuses on secured and unsecured finance matters, representing borrowers, lenders, private equity sponsors and portfolio companies in a variety of complex debt financings. His experience includes project finance, general syndicated finance, reserve-based and other asset-based revolving loans in a variety of sectors, including maritime, oilfield services, upstream and midstream oil and gas, renewables and power generation.
Additionally, as Co-Head of V&E’s Hedging and Derivatives practice, Carter has represented numerous corporate end users, project companies, and hedge providers in negotiating and documenting various hedging transactions including commodity, interest rate, and foreign exchange derivatives.
Experience Highlights
Represented a major private equity firm and its portfolio company in negotiating both a reserve-based working capital facility related to the acquisition of upstream oil and gas properties and a revolving loan secured by, and funding the acquisition of related midstream properties
Double Eagle Development, a leading Permian basin upstream developer and producer, in a series of syndicated, reserve-based credit facilities for its operating companies
Jonah Energy LLC, one of the leading sustainable natural gas producers in the U.S., in its inaugural securitized financing transaction involving $750 million of fully amortized notes backed by a portion of Jonah’s producing assets
Carlyle Power Partners in the negotiation of commodity and interest rate hedges in connection with the acquisition by Carlyle on behalf of its affiliate, Hamilton Projects Acquiror, in a $1.015 billion syndicated Term Loan B to finance the acquisition of the 829 MW Panda Patriot and the 829 MW Panda Liberty power generation facilities
Total Operations and Production Services in an upsize to its existing credit facility, bringing total commitments to $565 million
Crowley Holdings, a maritime, energy and logistics solutions company, in connection with a $300 million preferred equity investment in its subsidiary, Crowley Preferred Funding, LLC, from Global Infrastructure Partners and an affiliate of Crowley
Enviva Partners, world’s largest producer of sustainable wood pellets, in a $850 million joint term loan and revolving credit facility agented by Barclays Bank
Bastion Energy Topco, a portfolio company of Ares and Citadel, in a $1 billion acquisition financing of a portfolio of non-operated oil and gas leases, mineral interests and overriding royalty interests, including a syndicated, reserved-based revolving credit facility
Stronghold Digital Mining Holdings LLC, a Bitcoin mining company, as borrower, in a $58 million senior secured term loan with an alternative lender, including the issuance of warrants
Black Stone Minerals Company in a $550 million syndicated, senior secured, reserve-based revolving credit facility
Glenfarne Energy on behalf of its portfolio company Alder Midstream OpCo, LLC, in a $191.6 million syndicated, senior secured, multi draw term loan facility with Wells Fargo Bank, N.A. as agent for the lenders as part of a restructuring of a project financing of midstream and LNG assets
Citadel Energy Marketing LLC in a $400 million credit support facility to support the obligations of Guzman Energy LLC, a wholesale power provider with respect to up to 500 megawatts of purchased electrical generation capacity
Hedging agreement in connection with the financing by Gulf Coast Ammonia of a world-scale, hydrogen-based ammonia project in Texas
Negotiation of hedging agreements in connection with a securitization transaction by Terra Energy Holdings LLC, consisting of a private placement of $525 million notes by Terra ABS I LLC
A hedge provider of oil and gas hedges in connection with an oil and gas securitization financing transaction involving the private placement of $640 million notes
Riverside Energy Michigan, a portfolio company of White Deer Energy and the largest producer of oil and natural gas in Michigan, in a securitization transaction involving the private placement of $240 million notes
Vitol Inc. as hedge provider in a number of domestic power projects
FourPoint Resources, LLC, Quantum Capital Group and Kayne Anderson in their $2.0 billion dollar acquisition of oil and gas properties in the Uintah Basin from Ovintiv Inc.
Black Stone Minerals Company, L.P. in a $550 million secured reserve-based revolving credit facility
Upstream E&P company in a $65 million secured term loan in connection with the acquisition of equity interests and oil and gas properties
Apex International Energy L.P. in a $28.7 million secured letter of guaranty facility issued by HSBC Egypt in connection with the concessions for exploration on Egyptian government-owned land
Represented an asset management firm and its portfolio company, an energy transition company, in a multi-draw term loan for the construction of a wind turbine remanufacturing plant
Citibank in a $1 billion syndicated, asset-based credit facility to Transocean Inc. secured by a first lien in certain drillships
Initial purchasers’ counsel in connection with Transocean Guardian Limited’s private offering of U.S. $750 million in aggregate principal amount of senior secured notes due 2024
W&T Offshore, Inc. in a $300 million second lien term loan
Pacific Drilling S.A. in a combined $2 billion financing, including a super-priority revolving facility and pari passu Term Loan B and 144A secured notes
Credentials
- Fordham University School of Law, J.D., 2014
- The University of Texas at Austin, B.A., 2010
- The Best Lawyers in America© (BL Rankings, LLC), “Ones to Watch,” Banking and Finance Law (Houston), 2023–2025
- Member: American Bar Association
- Member: New York State Bar Association
- Member: New York County Lawyers’ Association
- New York
- Texas
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