Michael E. Bielby, Jr.
Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, TX 75201
The most interesting part for me is learning about how both my lender and borrower clients make money. Learning about their businesses, how they achieve success, and how they plan to continue that success. That understanding allows me to offer better counsel on a given transaction. Mike is a financial lawyer with a broad range of experience, primarily helping commercial lenders, investors and borrowers negotiate private credit transactions and bank loans.
His experience with complex capital structures allows him to bring creative solutions to the table. Mike advises his clients in navigating debt financing and hybrid investment transactions, including senior-secured, junior-secured, and mezzanine loans, acquisition financings, and other structured financings and investments.
Mike represents commercial banks, private equity and private credit funds, special situation investors, other alternative lenders, and public and private borrowers in a variety of industries, including renewables, consumer retail, transportation, manufacturing, medical and bio-technology, financial services, software and social media.
Mike is a member of the firm’s Recruiting Committee and sits on the Dallas office’s Diversity Committee. He is also co-chair of the Dallas Bar Association Home Project Committee, which partners with Habitat for Humanity.
Experience Highlights
Lead left arranger and administrative agent in arranging best efforts commitments to syndicate a $1.4 billion unsecured revolving sustainability-linked credit facility to be provided to a natural gas storage, transportation and processing company in 2022
Lead left arranger and administrative agent in a $1.39 billion unsecured revolving credit facility provided to a public natural gas storage, transportation and processing company
Special situations investor and its co-investors in a $247.5 million secured term loan credit facility provided to a grid-scale solar generation project development and construction business
Private debt capital fund and its co-investor in a $65 million second lien term loan to acquire a custom flavor manufacturing business
Daseke, Inc., as borrower, under credit facilities and related debt financing commitments established to support Daseke, Inc.’s merger with a special purpose acquisition company and emergence as a publicly traded company
Special situations investor in its role as lender and administrative agent under $129 million of revolver and multi-draw term loan prepetition and DIP financing and $50 million of take-back exit financing provided in connection with the Chapter 11 bankruptcy proceedings and equitization of a multi-site private cinema chain
Special situations investor in a $43 million senior secured term loan and revolving working capital credit facility and a related $4.25 million subordinated bridge note, each for purposes of financing the multi-site acquisition and recapitalization of a series of leading luxury automobile dealerships
Special situations investor as lender in a $60 million senior secured term loan credit facility and $5 million cash equity co-investment financing the acquisition of an international consumer brand licensing business
Special situations investor as lender in $80 million of senior secured revolving, multi-draw and term loan credit facilities provided to an automotive parts supplier specializing in manufacturing badging and other injection molding parts provided to automotive original equipment manufacturers for purposes of funding the recapitalization of defaulted senior debt and junior sponsor bridge financing
Special situations investor as lender and administrative agent in $33.6 million of restructured first out/last out senior secured term loan credit facilities provided to a business to business payment processing and inventory software, technology and services business in order to recapitalize defaulted senior debt and implement a first out tranche of new money loans to fund cash collateral for a supersedeas appeal bond in an out of court workout and restructuring
Private credit fund in acquiring direct assignments and participations in a portfolio of $497 million in distressed and performing senior secured energy loans from a commercial bank for an estimated $257.5 million in purchase price proceeds
Special situations investor as lender in $35 million of senior secured multi-draw term loan and revolving credit facilities, together with warrants and a $20 million preferred equity investment, provided to recapitalize and fund ongoing construction and re-development of a multi-site owner and operator of sports clubs and recreational facilities
Special situations investor as lender in $86.2 million of senior secured multi-draw term loan and revolving credit facilities provided to a multi-site consumer retail car wash owner and operator
Private debt capital fund and its co-investor in a $65 million second lien term loan to acquire a custom flavor manufacturing business
Private debt capital fund in a $40 million subordinated term loan to acquire a pharmaceutical technology business
Private debt capital fund in a $26 million subordinated term loan to acquire a biotechnology development business
Special situations investor in a $93 million revolver and multi-draw term loan facility provided to a series of marine retail dealerships
Special situations investor and its co-investors in a $247.5 million secured term loan credit facility provided to a grid-scale solar generation project development and construction business
Joint lead arranger and revolving administrative agent in a combined $950 million of financing comprised of a $300 million senior secured revolving credit facility and a $650 million broadly syndicated pari passu term loan B facility made available to a sponsored midstream tanks and terminals business
Lead left arranger and administrative agent in a combined $60 million of financing comprised of a $50 million senior secured revolving credit facility and a $10 million pari passu term loan A facility made available to a sponsored midstream gathering business
Lead left arranger and administrative agent in a $100 million senior secured revolving credit facility provided to a midstream energy joint venture to finance working capital and general corporate purposes, dividends, and the acquisition and expansion of a gathering facility
Lead left arranger and administrative agent in a $1.39 billion unsecured revolving credit facility provided to a public natural gas storage, transportation and processing company
Wells Fargo Bank, N.A., as administrative agent and lead arranger, in a $145 million revolving credit facility to a midstream crude oil and natural gas services business
Wells Fargo Bank, N.A., as administrative agent and lead arranger, in a $1.8 billion revolving credit facility provided to a midstream oil and gas holding company
Wells Fargo Bank, N.A. in a $650 million revolving credit facility and term loan to Southcross Energy Partners, LP
Royal Bank of Canada, as administrative agent and lead arranger, in a combined $455 million of senior secured revolving credit facilities provided to several affiliated midstream oil and gas companies
Wells Fargo Bank, N.A., as administrative agent and lead arranger, in a $170 million revolving credit facility provided to a midstream oil and gas company and its subsidiaries
Wells Fargo Bank, N.A., as lender, in a $50 million revolving credit facility provided to a midstream gas company and its subsidiaries
Lead left arranger in connection with $750 million senior secured revolving credit facility provided to midstream natural gas gathering and processing holding company
ArcBest Corporation, as borrower, in a $150 million syndicated senior secured revolving credit facility provided to a publicly traded trucking, transportation, and logistics company
International specialty chemical science and manufacturing business in connection with combined $79 million of multi-currency senior secured revolving and term loan financing
Daseke, Inc., as borrower, under credit facilities and related debt financing commitments established to support Daseke, Inc.’s merger with a special purpose acquisition company and emergence as a publicly traded company
Oil and gas exploration and development company in connection with $100 million reserve-based senior secured revolving credit facility
Private equity sponsor in connection with a $90 million senior secured term loan financing and related commitments to fund the acquisition of midstream gas gathering pipeline and compression assets
Multi-site consumer retail car wash owner and operator and its sponsor in connection with unitranche credit facilities consisting of $62.5mm of term loans and a $2 million revolving credit facility
Credentials
- University of Illinois College of Law, J.D. magna cum laude, 2009 (Associate Editor, University of Illinois Law Review)
- University of Pittsburgh, College of Business Administration, B.S.B.A., Accounting and Finance summa cum laude, 2006
Dallas Bar Association Home Project Co-Chair, 2017-2018
- Texas
- Illinois