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James A. Markus

James A. Markus Partner, Finance

In practice for more than 40 years, Jim Markus is a preeminent finance attorney who focuses on commercial lending, corporate finance, loan workouts and restructuring. Representing financial institutions, corporations, private equity firms and other businesses, Jim is dedicated to understanding his clients’ businesses and designing practical solutions to address the risks and opportunities they face.

Jim has worked with regional, money center, and foreign banks as well as other financial institutions in all types of commercial loans, with an emphasis on syndicated financings, and has deep experience in asset-based lending, leveraged acquisitions and letters of credit. Over many years, he has handled workouts of troubled loans, including in-court and out-of-court restructurings.

In addition to his vast experience with financial institutions, Jim has worked with companies from a diverse array of industries, ranging from oilfield services and food distribution to wineries. He has also served as pro bono counsel to the Dallas Children’s Theater for many years, including handling the financing for the acquisition and construction of their current facility. 

Known for a careful and deliberate approach, Jim is one of only a few lawyers recognized in The Best Lawyers in America under both banking law, and bankruptcy and creditor/debtor law. Jim’s work in banking and finance is noted in Chambers USA, where one client describes him as “a terrific lawyer” and “a thorough practitioner” (2019).

Experience Highlights

  • Bank of America, N.A. in a $1.05 billion cross-border, secured asset-based revolving credit facility to MRC Global, Inc. and its subsidiaries, an international distributor of pipe valves and fittings
  • Belden, Inc. in a $400 million syndicated cross-border, secured asset-based revolving credit facility and term loan
  • Credit Suisse AG in a $2.035 billion secured term loan to Sunoco L.P.
  • Bank of America, N.A. in a $1.5 billion secured revolving credit facility to Sunoco L.P.
  • An oilfield services company in a $300 million multicurrency, senior secured revolving credit facility and term loan in connection with the acquisition of a provider of cementing, acidizing, and pumping services
  • Administrative agent in a $900 million asset-based revolving credit facility for a crude oil refiner and marketer

Asset-Based Lending

  • Administrative agent in a $375 million U.S./Canadian/U.K./Singapore cross-border, multi-currency syndicated credit facility to an integrated manufacturer and distributor of oil field tubular products
  • JPMorgan Chase Bank, N.A. in a $300 million U.S/Canadian/German/Swiss/U.K. cross-border, multi-currency syndicated credit facility to a fragrance company
  • JPMorgan Chase Bank, N.A. in a $200 million amended and restated revolving credit facility, with U.S. and German tranches, to Neenah Paper, Inc.
  • Bank of America, N.A. in connection with converting a $300 million cash flow revolving credit loan into a $250 million asset-based credit facility to an oilfield services holding company and its 24 subsidiares
  • Administrative agent in a $150 million cross-border revolving credit facility to a global pipeline contractor and its numerous U.S. and Canadian subsidiaries
  • Bank of America, N.A. in a $50 million exit financing enabling a manufacturer of geosynthetic lining products to consummate its plan of reorganization and emerge from bankruptcy

Syndicated Finance

  • A privately held oil and gas exploration and production company in a $500 million reserve-based first lien revolving credit facility and a $125 million second lien term loan
  • Administrative agent in a $200 million asset-based revolving credit facility for a concrete producer
  • A provider of hospice services in a $160 million syndicated revolving credit facility and term loan B in connection with a successful tender offer for a public company
  • Administrative agent in a $150 million revolving credit facility to a refining company
  • A rental company specializing in drill pipes and related drilling tools in a $120 million senior revolving credit facility and term loan in connection with the acquisition of related companies providing rental services and equipment

Mezzanine Finance

  • Private equity firm in connection with a second lien term loan to a pharmaceutical company
  • Private equity firms in connection with a second lien term loan to an operator of hospice centers
  • Private equity firm in a $135 second lien term loan which, together with a $305 million first lien credit facility, enabled the acquisition of a global market research company
  • Private equity firm in connection with a second lien term loan to GTCR Valor Holdings to enable its acquisition of Vocus Inc.
  • Private equity firm in a mezzanine financing as part of the $120 million acquisition of a wire and wireless connectivity products manufacturer

Acquisition & Leveraged Finance

  • Administrative agent in a $275 million asset-based revolving credit facility to a janitorial supply distributor
  • Beckman Production Services, Inc. in an initial $75 million revolving credit facility and term loan to acquire Northern Production Company, followed by a $195 million syndicated revolving credit and term loan to make additional acquisitions
  • A private equity sponsor in a $90 million unitranche revolving credit and term loan facility to finance the acquisition of a practice development and supply chain solutions provider for independent optometrists and dentists in the United States and Canada
  • Administrative agent in a $120 million revolving credit facility to a distributor of insulation products
  • Administrative agent in a $120 million asset-based revolving credit facility in connection with the acquisition of an importer and distributor of pipe used in the energy and construction sectors
  • An integrated provider of equipment, parts, and service for the oil & gas industry in a $75 million revolving credit facility and term loan

Restructuring & Reorganization

  • Wells Fargo Bank, N.A. as administrative agent in the workout of a $400 million secured reserve-based revolving credit facility to Emerald Oil, Inc. and its subsequent chapter 11 bankruptcy
  • Sinclair Oil & Gas Co. in the workout of $150 million of guaranteed loans to Provident Royalties, resulting in acquisition of the collateral through a bankruptcy sale
  • An agent in the workout of a $75 million syndicated credit facility to an appliance manufacturer
  • Lender in an out-of-court restructuring of $59 million of winery and vineyard loans to an affiliated group of companies
  • Wayzata Investment Partners in the workout and restructuring of its $97.5 million second lien term loan to Saratoga Resources, Inc., which had filed for chapter 11 reorganization
  • Energy Partners, Ltd. in an exit financing consisting of $150 million revolving credit and term loan facility, and $55 million of senior secured notes
  • An agent in the workout of a $75 million syndicated asset-based credit facility to a trucking company


Contact Details

Dallas

T +1.214.220.7836
F +1.214.999.7836
jmarkus@velaw.com
Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, TX 75201
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Jim's Practices

  • Cornell Law School, J.D., 1977
  • Yale University, B.A. cum laude, with special distinction in history, 1974 (awarded John Addison Porter Prize in American History)
  • Admitted to practice: Ohio; Texas; District of Columbia; Maryland
  • Chambers USA, Banking & Finance Law (Texas), 2012–2019
  • The Best Lawyers in America© (Woodward/White, Inc.), Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2007–2019; Banking & Finance Law, 2008–2019
  • The Best Lawyers in America© (Woodward/White, Inc.),"Lawyer of the Year," Banking and Finance Law, 2018
  • D Magazine (D Magazine Partners), "The Best Lawyers in Dallas" in Banking & Finance, 2005 and 2012–2013, 2015
  • Member: Turnaround Management Association; Commercial Financial Services Committee, Banking Law Committee, Business Law Section, American Bar Association; Dallas Bar Association; Texas Association of Bank Counsel
  • Emeritus Trustee and former officer: Dallas Children’s Theater
  • President: Yale Club of Dallas, 2000–2001