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Bradley Foxman
Bradley Foxman
Counsel — Restructuring & Reorganization
Counsel — Restructuring & Reorganization

Bradley Foxman

Bradley Foxman
Dallas

Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, TX 75201

Bradley Foxman

Brad’s primary area of practice includes all aspects of restructuring and reorganization, including the representation of lenders, buyers, debtors, creditors, and trustees. Brad has extensive experience in advising clients on all aspects of financial distress, including liability management transactions, corporate workouts and restructurings, distressed asset acquisitions and divestitures, bankruptcy litigation, counterparty risk, and reorganization and insolvency proceedings. Brad has worked with clients including banks, syndicated bank groups and agents, private equity funds, public companies, portfolio companies, non-bank lenders, strategic buyers, debtors, and chapter 7 trustees, among others.

Brad has extensive experience in the energy industry, including both onshore and offshore upstream, midstream, downstream, services, and power. Additionally, Brad has represented clients in a range of other industries, including real estate, retail, manufacturing, technology, and agriculture.

Brad’s significant experience in complex chapter 11 cases covers all phases including case preparation, DIP and exit financing, merger and acquisition transactions, 363 sales and stalking horse bids, plans of reorganization, post-emergence trusts, and bankruptcy litigation with substantial experience with prepackaged, pre-arranged and traditional bankruptcies.  Brad’s practice also includes a substantial amount of consulting and advisory work related to counterparty risks in connection with financings, mergers and acquisitions, joint ventures, and other transactions.

Experience Highlights

  • Bank of America, N.A. as administrative agent in a $50 million debtor-in-possession credit facility to Parker Drilling Company during its chapter 11 bankruptcy and in its $50 million secured asset-based exit credit facility

  • Administrative agent in restructuring of revolving credit facilities in excess of $2 billion to a family of oil and gas funds pursuant to a prepackaged chapter 11 plan of reorganization

  • Represent client as agent in restructuring of $550,000,000 secured lending facility to upstream producer pursuant to a prepackaged chapter 11 plan of reorganization

  • Represent client as agent for reserve based $325,000,000 secured lending facility to upstream producer in restructuring and bankruptcy matters

  • JPMorgan Chase Bank, N.A. as administrative agent in a $250 million secured reserve-based revolving credit facility to a private operator in the Delaware Basin in restructuring and bankruptcy matters

  • JPMorgan Chase Bank in the chapter 11 case of Chaparral Energy, an oil and natural gas exploration and production company, filed in Delaware

  • JPMorgan Chase Bank as Administrative agent and lead lender to Tuesday Morning Corporation in a $100 million debtor-in-possession revolving credit facility in connection with its chapter 11 bankruptcy

  • Goldman Sachs Bank in connection with restructuring of $148 million super-priority delayed draw term loan facility to an upstream offshore E&P company

  • Representation of Goldman Sachs in borrower’s chapter 11 cases in connection with its second lien term loan to an exploration and production company

  • Represent client as secured lender in $80,000,000 secured facility to upstream producer in restructuring and chapter 11 matters

  • Royal Bank of Canada in connection with restructuring issues related to a $900 million revolving credit facility to Martin Midstream Partners L.P.

  • Societe Generale in a $500 million syndicated, reserve-based credit facility to an upstream energy company

  • Wells Fargo as agent for $145,000,000 syndicated secured reserve based facility in connection with the workout and chapter 11 bankruptcy case of Southcross Energy

  • Whistler Energy II (operating in the Central Gulf of Mexico) in connection with its $100 million acquisition by Talos Energy

  • Clearlake Capital Partners IV Finance LP as the primary secured lender to Knight Energy Holdings LLC and certain of its affiliates in their chapter 11 cases filed in Lafayette, Louisiana; pre-negotiated plan of reorganization confirmed within 110 days of case filing

  • TH Exploration III, LLC as the section 363 stalking horse bidder for the Appalachia Assets marketed for sale in the chapter 11 case of Stone Energy filed in Houston, Texas

  • Highbridge Principal Strategies in connection with Shoreline Energy’s restructuring efforts and its chapter 11 cases

  • Energy XXI, a publicly-traded offshore energy E&P company, in connection with its chapter 11 cases which reduced the company’s funded debt by more than $3.0 billion

  • Goodrich Petroleum, a publicly-traded exploration and production company, in connection with out-of-court restructuring efforts and its chapter 11 cases

  • Crusader Energy Group, Inc. and affiliates, an energy exploration and production company, as debtors in possession in their chapter 11 bankruptcy cases filed in the United States Bankruptcy Court for the Northern District of Texas; plan confirmed

  • Agent to a secured lender group in a restructuring matter involving a loan to a private energy exploration and production company

  • Agent to a senior secured lender group in a chapter 11 proceeding involving a $30 million loan to a borrower in the residential lending business that included the successful confirmation of a three co-proponent plan of liquidation

  • Hedge fund in restructuring of debt and equity interests in a digital marketing company

  • Financial institution as a secured lender with claims of more than $21 million in a chapter 11 case of the owner of more than 600 acres of undeveloped real property

  • A secured lender in the chapter 11 bankruptcy case of Continental Common, Inc., a real estate company, filed in the United States Bankruptcy Court for the Northern District of Texas

  • Financial institution as secured lender in an out-of-court forbearance and payoff with respect to over $10 million owed by a distressed borrower

  • Financial institution as secured lender in an out-of-court forbearance with respect to over $9 million owed by a distressed borrower

  • Monroe Capital Management Advisors, as $55,000,000 secured lender and DIP lender of Little River Healthcare System in its chapter 11 bankruptcy case and subsequent chapter 7 bankruptcy case

  • Secured lender in a debtor-in-possession financing to Norse Energy Corp. USA et al., an energy exploration and production company

  • Agent to senior secured lenders in the chapter 11 case of Levelland/Hockley County Ethanol, LLC, an ethanol refiner filed in Lubbock, Texas

  • Secured lender in the chapter 7 bankruptcy case of Highland Capital Real Estate Fund, L.P., a mezzanine real estate fund, filed in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division; structured case dismissal

  • Wells Fargo Bank, N.A. as DIP Lender in chapter 11 case of Texoma Peanut Company in the Eastern District of Oklahoma

  • Secured lender in the chapter 11 bankruptcy case of Age Refinery, Inc., filed in the United States Bankruptcy Court for the Western District of Texas

  • Angelo, Gordon Energy Servicer LLC, as agent to the senior secured lenders in the chapter 11 cases of Rooster Energy Ltd. and it subsidiaries filed in Lafayette, Louisiana

  • RAAM Global Energy and its subsidiaries, an offshore and onshore E&P company, in their chapter 11 restructuring of over $300 million in debt; credit bid sale approved and plan confirmed in the first 3 months of the chapter 11 case filed in Houston, Texas

  • Chapter 7 trustee in connection with the chapter 7 cases of a bankrupt glassmaker that included a successful multi-party settlement with approximately $729 million in bond debt exchanged for payment by a non-debtor affiliated with entity’s financial backers

  • Publicly traded marine services company and its affiliates in preparation for the restructuring of over $830 million in debt in its chapter 11 proceedings

  • TriDimension Energy LLC and its affiliates, an energy exploration and production company, as debtors in possession in their chapter 11 bankruptcy case filed in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division; plan confirmed

  • Defendant in a fraudulent transfer action brought by Hallwood Group Incorporated, an energy exploration and production company; litigation successfully settled on favorable terms

  • Shelf Subsea Services, an SCF Partners portfolio company, in the $17 million acquisition of the Australian and Asian assets of Cal Dive International; distressed acquisition after Cal Dive parent in US sought chapter 11 protection

  • Publicly traded international oil and gas exploration and production company with respect to bankruptcy issues implicated with an over $82 million property acquisition

  • Oil and gas company as a non-operating working interest owner in the chapter 11 proceeding of its oil and gas well operator counterparty

  • DIP lender in a $50 million secured credit facility in the chapter 11 case of a producer of enriched uranium

Credentials

  • The University of Texas School of Law, J.D. with honors, 2008
  • University of Michigan Steven M. Ross School of Business, B.B.A. with distinction, 2005
  • Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2018
  • Cardozo Society of the Jewish Federation of Greater Dallas, Outstanding Attorney Under 40, 2010; Young Attorney of the Year, 2019
  • Dallas Furniture Bank, Top 40 Under 40, 2010
  • Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2017-2018
  • Leadership of the Cardozo Society of the Attorneys’ Division of the Jewish Federation of Greater Dallas
  • Participant with the Dallas Regional Chamber Board of Advisors
  • Member: American Bar Association; Dallas Bar Association; Dallas Association of Young Bankruptcy Lawyers
  • Texas
  • all Federal District Courts in Texas
  • “Business: Modern Trends and Creative Uses of DIP Financing,” 12th Annual Texas Bankruptcy Bench Bar Conference, June 2017 (speaker)
  • “Dealing in Distressed Energy Assets,” 4 LSU J. Energy L. & Resources 175 (2016) (co-author)
  • “Bankruptcy Considerations for Oil & Gas Industry,” American Bar Association Center for Professional Development, June 2014 (speaker)
  • “Fundamentals of Valuation Analysis, Part III: Testing the Models in Case Decisions and Other Scenarios,” VALCON Conference, 2013 (contributor)
  • “Practical Tips on Privileges,” Continuing Legal Education Presentation, 2012
  • “Employee Benefit Plan Issues in Chapter 7 Bankruptcy Cases,” Presentation, 2012 (contributor)
  • “Public Finance Challenges and Opportunities for Resolution,” Municipal Finance Journal, Vol. 31, No. 2, Summer 2010 (contributor)
  • “Confirmation, Exit Financing, and Structuring Issues,” 5th Circuit Bench-Bar Bankruptcy Conference, April 1–2, 2010 (contributor)
  • “Chapter 11 Confirmation and Recent Issues,” Dallas Bar Association Bankruptcy and Commercial Law Section, February 3, 2010 (contributor)
  • “Criminal Law: Experts and Expertise—An Update,” by Justice Kerry FitzGerald and Bradley Foxman, Texas Bar Journal, September 2006 (co-author)