Ryan Cicero

Partner

Houston
Willkie Farr & Gallagher LLP
600 Travis Street
Houston, TX 77002
T 713 510 1764
F 713 510 1799
rcicerowillkie.com

Ryan Cicero is a partner in the Corporate & Financial Services Department and a member of the Banking/Debt Finance Practice Group. Ryan focuses on finance, bankruptcy, workout and corporate matters, primarily in the energy industry. He has experience representing both lenders and borrowers in a variety of lending transactions. Ryan regularly negotiates and documents secured lending transactions, including senior, second lien, third lien and mezzanine loans; syndicated loans; project loans; volumetric production payments; and structured commodity agreements. He frequently negotiates and documents complex intercreditor arrangements. He also negotiates and documents debt restructurings and manages disputes among creditors and debtors.

Ryan Cicero is a partner in the Corporate & Financial Services Department and a member of the Banking/Debt Finance Practice Group. Ryan focuses on finance, bankruptcy, workout and corporate matters, primarily in the energy industry. He has experience representing both lenders and borrowers in a variety of lending transactions. Ryan regularly negotiates and documents secured lending transactions, including senior, second lien, third lien and mezzanine loans; syndicated loans; project loans; volumetric production payments; and structured commodity agreements. He frequently negotiates and documents complex intercreditor arrangements. He also negotiates and documents debt restructurings and manages disputes among creditors and debtors.

Selected Significant Matters

Energy Finance:

  • Represented J.P. Morgan Ventures Energy Corporation, as royalty owner, in purchase of an approximately $222 million volumetric production payment transaction for Antero Resources.
  • Represented Citibank N.A., as administrative agent, in the $750 million secured reserve-based oil and gas borrowing base credit agreement for a privately held offshore exploration and production company.
  • Represented a sponsor-backed midstream company, as borrower, in a secured $50 million loan facility with a nationally recognized bank as administrative agent and lender.
  • Represented Toronto-Dominion (Texas) LLC, as first lien administrative agent, in connection with the amendment and restatement of a $750 million syndicated reserved-based loan to W&T Offshore, a deep water Gulf of Mexico oil and gas producer.
  • Represented a sponsor-backed exploration and production portfolio company, as borrower, in a secured oil and gas reserve-based borrowing base credit facility of up to $50 million with a nationally recognized bank as administrative agent and lender.
  • Represented a sponsor-backed exploration and production portfolio company, as borrower, in a secured oil and gas reserve-based borrowing base credit facility of up to $90 million with nationally recognized private investment firm as Administrative Agent and Lender.
  • Represented a major French bank as Administrative Agent in several reserve-based borrowing base credit facilities.
  • Represented a lending affiliate of a major money center bank as Administrative Agent in a $500 million borrowing base exit credit facility with Energy XXI Gulf Coast, Inc., secured by oil and gas properties in the Gulf of Mexico.
  • Represented major Canadian bank as Administrative Agent in a syndicated $300 million acquisition financing of oil and gas properties in Colorado.
  • Represented Citibank, N.A. as Administrative Agent in a $1.7 billion Reserve-backed borrowing base loan to Fieldwood Energy.

Non-Energy Finance:

  • Represented a sponsor-backed healthcare technology and support provider, as borrower, in $39 million credit facility provided by a nationally recognized commercial bank.
  • Represented a sponsor-backed semi-trailer and storage container rental business, as borrower, in connection with first and second lien credit facilities.
  • Represented a sponsor-backed regional leader in healthcare laundry services, as borrower, in a $47.5 multi-lender credit facility.
  • Represented a sponsor-backed manufacturer and distributor of abrasives and blasting equipment in cross-border first and second lien credit facilities.
  • Represented a sponsor-backed records retrieval service provider in $133 million credit facility with nationally recognized credit provider.

Selected Publications and Lectures

  • Co-author, Responding to Negative Recommendations from Proxy Advisors on Say-on-Pay Proposals: Tactics Used by Reporting Companies in the 2011 Proxy Season, Bloomberg Securities Law Report, January 6, 2012.
  • Note, Not Worth the Paper It’s Printed On: The Argument for Repealing EMTALA and Replacing it with a Federal Malpractice Statute, 29 REV. LITIG. (Winter 2010).

 

* Ryan advised on these matters at prior firms.

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