Michael R. Brunetti
Associate
Debt Finance
Overview
Michael Brunetti is a debt finance associate in the Dallas office of Kirkland & Ellis LLP. His practice focuses on borrower-side private equity financings at the fund and portfolio company levels. During law school, he served as the Bluebook Editor of the Columbia Law Review, president of the Columbia Business & Law Association and president of the Columbia Law Texas Society.
Experience
Representative Matters
Fund Finance
- Representation of leading private equity sponsors in investor side letter negotiations and in dozens of single and multi-jurisdictional fund financing matters including syndicated and single-lender capital call subscription line facilities, net asset value (“NAV”) secured facilities (collateralizing, among other assets, privately held and publicly traded securities), general partner facilities, management fee secured credit facilities, backleverage financings, notes offerings, umbrella facilities, employee co-investment credit facilities and portfolio company borrowings.
- Representative clients include: 5th Century Partners, Adams Street Partners, Advent International, AEA Investors, ArcLight Capital Partners, Arctos Partners, Astira Capital Partners, Beach Point Capital Management, Brightstar Capital Partners, BroadVail Capital Partners, Castlelake, L.P., Cibolo Energy Partners, Cross Lake Partners, Cyprium Investment Partners, DW Healthcare Partners, Equity LifeStyle Properties, Francisco Partners, General Catalyst, Goldner Hawn, Golub Capital, Huron Capital, InSolve Capital, I Squared Capital, Landmark Equity Advisors, Littlejohn & Co., Mainsail Partners, Merit Hill Capital, Neuberger Berman, NexPhase Capital, Northlane Capital Partners, Oaktree Capital Management, Ohana Real Estate Investors, One Equity Partners, Origami Capital Partners, Peak Rock Capital, Rockbridge Capital, SDC Capital Partners, Sentinel Capital Partners, Shore Capital Partners, Starwood Capital Group, The Sterling Group, STG Partners, Sycamore Partners, S2G, Tenex Capital Management, Thoma Bravo, Trinity Hunt Partners, Two Roads Partners, Veritas Capital, Vista Equity Partners and Warburg Pincus.
Debt Financing
- Altera Infrastructure L.P., a global provider of critical infrastructure assets to the offshore energy industry, in its entry into its debtor-in-possession credit facility, and subsequent financing of seven exit credit facilities totaling nearly $1.6 billion, in connection with its emergence from Chapter 11 bankruptcy.
- Kodiak Gas Services, Inc. (NYSE: KGS) in its $256 million initial public offering.
- Kodiak Gas Services, Inc. (NYSE: KGS), the largest contract compression services provider in the U.S., on its underwritten offering of 5,500,000 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV resulting in total gross proceeds of approximately $233 million.
- McDermott International, Ltd in their multinational cross-border restructuring. The first-of-its-kind restructuring involved three jurisdictions, England (UK Restructuring Plan), the Netherlands (Dutch WHOA), and the U.S. (Chapter 15 recognition proceedings), and resulted in the amendment and extension of $2.6 billion of secured debt and the equitization of over $1 billion in litigation claims.
- Quantum Capital Group, 547 Energy, and ConnectGen in its $768 million sale of ConnectGen to Repsol.
Acquisition Financing
- Bernhard Capital Partners in its $484 million acquisition of Entergy’s gas distribution business.
- McDermott International, Ltd in its agreement to sell its CB&I storage business to a consortium of financial investors led by Mason Capital Management for gross proceeds of $475 million.
- Riley Exploration Permian, Inc. (NYSE: REPX) in its acquisition of oil and gas assets in the Permian Basin from Pecos Oil & Gas, LLC and its issuance of senior unsecured notes in connection therewith.
- Warburg Pincus in two term loan financings in connection with the acquisition of joint venture interests totaling over $1.2 billion.
Mergers & Acquisitions
- Forest Road Acquisition Corp. II (NYSE: FRXB) in its proposed business combination with Hyperloop Transportation Technologies, Inc., a leading transportation and technology licensing company focused on realizing the hyperloop.
- RedBird Capital Partners in its investment in Go Rentals, the premier luxury car rental provider in the United States specializing in premium end-markets.
- Ovintiv Inc. (NYSE: OVV) in its $4.275 billion acquisition of all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, and the concurrent $825 million sale of its Bakken assets.
Capital Markets
- EQT Corporation (NYSE: EQT) $1 billion offering of senior notes to finance the acquisition of Alta Resources and $1 billion public offering of senior notes to finance the proposed acquisition of Tug Hill and XcL Midstream.
Clerk & Government Experience
Judicial InternHonorable Richard J. SullivanUnited States Court of Appeals for the Second Circuit
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Memberships & Affiliations
Member, State Bar of Texas
Credentials
Admissions & Qualifications
- 2022Texas
Education
- Columbia Law SchoolJ.D.
Ruth Bader Ginsburg Award
James Kent Scholar
Paul R. Hays Prize in Civil Procedure
Bluebook Editor, Columbia Law Review
President, Columbia Business & Law Association
President, Columbia Law Texas Society
- Duke UniversityA.B., Historysumma cum laude
Dean's List with Distinction
Phi Beta Kappa Society
News &
Insights
Kirkland's Leading Role in McDermott's Restructuring Recognized as the American Bankruptcy Institute's International Matter of the Year