Alex Cross
Texas Tower
845 Texas Avenue
Suite 4700
Houston, Texas 77002
Alex advises clients in a broad variety of financial transactions. He represents alternative capital providers, publicly and privately held corporate borrowers and issuers, private equity funds and sponsors, credit funds, and commercial banks. Alex has experience on a wide range of complex financing transactions, including, among others, workouts and reorganizations, mezzanine, alternative, and other forms of direct lending, acquisition financings, and asset and reserve-based loans. He has also addressed matters involving various industries, including in-depth experience with the energy sector in the form of oil and gas exploration and production, oilfield services and storage, and transportation. Many of Alex’s engagements involve complicated financial restructurings and recapitalizations on both an in-court and out-of-court basis.
Experience Highlights
Dhanani Group Inc. and its subsidiaries, the second largest quick-service restaurant franchisee group in the United States, with 849 restaurants across 23 states, in connection with an out-of-court workout and refinancing in the form of a $500 million credit facility provided by a group of lenders led by Monarch Alternative Capital LP
EIG Credit Management Company LLC as note purchasers in a $265 million senior secured note purchase facility for holding company of significant gas-fired power generation projects
ARM Energy Holdings, a premier infrastructure and energy marketing services firm, in its acquisition of Monument Pipeline from NextEra Energy Partners
Gravity Oilfield Services in connection with an acquisition financing and refinancing transaction in the form of a secured asset-based lending credit facility and accompanying secured term loan facility
Unit Corporation, a diversified, publicly-traded energy company engaged in oil and natural gas exploration and production, contract drilling, and midstream services, and its affiliates in connection with its prearranged chapter 11 cases deleveraging the company by approximately $650 million in a debt-for-equity transaction with its subordinated noteholders
Talen Energy Corporation and Cumulus Growth Holdings and its subsidiaries in connection with the restructuring of Talen Energy Supply and its chapter 11 cases
Angelo Gordon as administrative agent for a prepetition secured credit facility and a debtor-in-possession credit facility, and stalking horse bidder and purchaser of certain upstream oil and gas assets in the chapter 11 bankruptcy case of Weatherly, Oil & Gas, LLC
Morgan Stanley in an out-of-court restructuring and term loan financing for an upstream E&P company
An ad hoc group of lenders holding approximately $175 million in senior secured term debt in the prepackaged chapter 11 cases of Pioneer Energy Services Inc.
Goldman Sachs in its participation in an out-of-court recapitalization of its equity investment and its $90 million secured credit facility in an operator of oil and gas properties in the Uinta Basin
Riverstone Holdings and HPS Investment Partners in connection with the restructuring of Alta Mesa Resources and its subsidiaries involving approximately $862 million of funded debt
EIG Credit Management Company LLC as purchasers in a $110 million senior secured note purchase facility for a significant midstream company
Riverstone in a $50 million term loan credit facility to an upstream E&P company
EIG Credit Management Company LLC as purchasers of $50 million in second lien notes from an upstream E&P company
AMP Capital Investors (US) Limited in connection with the provision of a holding company financing to a major crude and petroleum products storage and marine terminal facility
Goradia Capital in connection with a subordinated term loan facility for an oilfield services company
PennEnergy Resources, LLC in connection with its purchase of substantially all of the assets of Rex Energy Corporation for $600.5 million and negotiation of a comprehensive global settlement to the chapter 11 case
Luxe Energy in connection with a “drillship” special purpose vehicle financing in the form of a $175 million senior secured note purchase facility
Refuel Operating, a First Reserve portfolio company, and owner of 195 gas and convenience stores in connection with refinancing and acquisition financing transactions
H2O Midstream in a $75 million secured revolving credit facility
Frank’s International in connection with an asset-based revolving credit facility
Credentials
- The University of Chicago Law School, J.D., cum laude, 2014 (Senior Articles Editor, The University of Chicago Legal Forum)
- Pennsylvania State University-University Park, B.A., Political Science, summa cum laude, 2011
- The Best Lawyers in America© (BL Rankings, LLC), “Ones to Watch,” Banking and Finance Law (Houston), 2023
- Texas and New York
- Deals & CasesNovember 1, 2022
- Deals & CasesOctober 17, 2022
- Rankings & AwardsAugust 18, 2022
- Deals & CasesJune 27, 2022
- Deals & CasesJune 22, 2022
- Deals & CasesApril 4, 2022
- Deals & CasesSeptember 30, 2021
- Deals & CasesJuly 12, 2021
- Deals & CasesMarch 11, 2021
- Deals & CasesFebruary 17, 2021
- Deals & CasesSeptember 3, 2020