Trevor Spears
Trammell Crow Center
2001 Ross Avenue
Suite 3900
Dallas, Texas 75201
Trevor’s principal areas of practice include the representation of debtors, creditors, and investors in various aspects of complex corporate restructurings, including chapter 11 cases, out-of-court restructurings, and acquisitions.
Company Representations
Strategic Materials, Inc., North America’s leading glass recycling company, and certain of its affiliates in their prepackaged chapter 11 cases that deleveraged the company’s capital structure by converting over 65% of the company’s approximately $430 million of prepetition secured funded debt into equity; the prepackaged chapter 11 plan was confirmed within only 37 days of commencing the chapter 11 cases in Houston
Rockall Energy and its subsidiaries in a chapter 11 sales process in which substantially all of the company’s operating assets were sold to Formentera Partners Fund I, LP pursuant to a prepackaged chapter 11 plan with a dual-track sale and back-stop equitization process that was confirmed within 83 days of commencing the chapter 11 cases
Publicly-traded energy services company in connection with evaluating various liability management alternatives resulting in an out-of-court capital raise and settlement of material litigation, and effectively positioning the company for a strategic combination
Upstream E&P company in the approximately $215 million distressed sale of substantially all of their assets in Sublette County, Wyoming (Pinedale Field) to a strategic buyer with the consent of the company’s lenders, who cancelled all debt in excess of the purchase price in connection with the out-of-court transaction
Lilis Energy in an in-court sale process in which substantially all of the company’s operating assets were sold to Ameredev Texas LLC as part of its chapter 11 cases involving approximately $400 million in total liabilities plus the confirmation of a chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of Texas
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
Carbo Ceramics in an in-court restructuring involving a debt-for-equity exchange with the company’s prepetition and DIP lenders
Cloud Peak Energy in the sale of substantially all their operating assets to an affiliate of the Navajo Nation as part of its chapter 11 cases involving approximately $350 million in funded debt and over $750 million in total liabilities
Platinum Equity in its capacity as sponsor and lender in the out-of-court restructuring of Yak Access, LLC, the nation’s leading provider of temporary access roads and related services, whereby among other things, the company reduced its funded debt obligations by over $500 million and Platinum funded the majority of a $121 million new money investment, retaining control of the company’s common equity
AMP Capital Investors (US) Limited in the out-of-court financial restructuring of Ocean Point Terminals (fka Limetree Bay Terminals) and certain affiliates under which AMP Capital will provide up to $100 million in new capital to Ocean Point Terminals
An ad hoc term loan lender group in the prepackaged chapter 11 bankruptcy cases of MD America Energy
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.
Sixth Street in its capacity as a joint venture partner in Jupiter JV, LP and in connection with Legacy Reserves Inc. chapter 11 cases
JP Morgan Chase as Administrative Agent, DIP Agent, and Exit Facility Agent of a $615 million credit facility in Denbury Resources’ restructuring and prepackaged chapter 11 bankruptcy
Royal Bank of Canada as Administrative Agent of the $330 million RBL facility in the restructuring and prepackaged voluntary chapter 11 bankruptcy cases of Chaparral Energy filed in the United States Bankruptcy Court for the District of Delaware
Wells Fargo Bank as Administrative Agent of a $224 million credit facility to Kingfisher Midstream LLC in its chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas
Credentials
- SMU Dedman School of Law, J.D., cum laude, 2017
- The University of Texas at Austin, B.A., 2013
- Judicial clerk to The Honorable Eduardo Rodriguez, U.S. Bankruptcy Court for the Southern District of Texas, 2017-2019
- Texas
- InsightJune 7, 2021
Published by the New York Law Journal