Ryan Searfoorce is of counsel in the Houston office of Gibson Dunn & Crutcher practicing in the firm's Finance, Oil and Gas, Cleantech, and Business Restructuring and Reorganization Practice Groups.
Ryan represents public and private borrowers, private equity sponsors, senior secured lender groups, financial institutions and other capital sources in financing transactions, including asset-based loans, senior and subordinated debt, investment grade loans, reserve-based loans and commodity intermediation facilities with a focus on the energy sector. Ryan also represents senior secured lender groups in LME transactions, consensual restructurings and debtor-in-possession and bankruptcy exit financings.
Representative Clients and Transactions:
Borrower Representations
- Forum Energy Technologies, Inc., a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries, on its $100 million senior secured Norwegian bond issuance
- Calumet Specialty Products Partners, L.P. in its corporate conversion from a controlled publicly traded partnership to a non-controlled Delaware corporation newly listed on Nasdaq
- ProFrac Holding Corp. on the $885 million refinancing of its existing senior secured term loan and other debt with a private offering of senior secured notes and a secured term loan
- Calumet Shreveport Fuels, LLC in its up to 2.9 million barrel crude and products intermediation facility with Macquarie
- Calumet Montana Refining, LLC in its up to 1.9 million barrel crude and products intermediation facility with Macquarie
- Montana Renewables, LLC in its up to 600,000 barrel crude and products intermediation facility with Macquarie
- Montana Renewables, LLC in its $120 million crude and products intermediation facility with Wells Fargo
Acquisition Financing
- CenterPoint Energy in its disposition of Vectren Energy Delivery of Ohio, LLC for $2.6 billion, including a $1.2 billion seller note
- Ovintiv Inc. in its $2.7 billion acquisition of NuVista Energy Ltd. and related $1.2 billion acquisition financing credit agreement
- Noble Corporation in the sale of five rigs to Borr Drilling for $360 million, including a $150 million seller note
- Aethon Energy Management LLC in connection with its $260 million agreement to purchase Tellurian Inc.’s upstream oil & gas assets
- Veritas Capital in its $210 million senior secured credit facilities to fund the acquisition of Global Healthcare Exchange
- Constellation Wealth Capital in its $410 million credit facility to fund the acquisition of a minority stake in Merit Financial Advisors
Restructuring Matters
- Ad hoc group of secured lenders to WideOpenWest Finance, LLC in its $200 million Super-Priority Credit Agreement
- Controlling group of first lien lenders to Juice Plus+ in its consensual restructuring and $22 million of new first lien term loans
- Controlling group of first lien lenders to Confluence Technologies in its consensual restructuring and $60 million of new first lien term loans
- Controlling group of first lien lenders to Dynata, LLC in its $32 million Debtor-in-Possession Credit Agreement and $82 million Bankruptcy Exit Credit Agreement
- Controlling group of second-lien lenders to Alvogen Pharma US, Inc. in its consensual restructuring and $117 million Second Lien Credit Agreement
- Ad hoc group of secured lenders to City Brewing Company, LLC in its incurrence of $35 million of superpriority term loans
- Ad hoc group of secured lenders to Hearthside Food Solutions in its $150 million Debtor-in-Possession Credit Agreement and $725 million Bankruptcy Exit Credit Agreement
Ryan received his Juris Doctor from The University of Virginia School of Law in 2008. Prior to law school, he graduated from Ohio State University in 2005, where he received Bachelors of Science in mathematics and economics, with honors.
Capabilities
Credentials
Education:
- University of Virginia - 2008 Juris Doctor
- Ohio State University - 2005 Bachelor of Science
Admissions:
- New York Bar
- Texas Bar