Thomas Coverdale

Mergers, Acquisitions and Strategic Transactions

• KKR in its acquisition of a majority equity stake in Avantus, a premier developer of large utility-scale solar and solar-plus-storage projects, providing $1 billion+ in equity and debt commitments alongside EIG.
• Denbury Inc., formerly the only U.S.-based public company of scale with a focus on carbon capture, use and storage and enhanced oil recovery, in its $4.9 billion sale to ExxonMobil, creating the largest owned and operated CO2 pipeline network in the United States.
• Energy Impact Partners in its joint venture with OceanSound Partners to acquire Message Broadcast, a provider of customer engagement software for the electric utility industry.
  

Alternative Capital Solutions and General Financing

• CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, in its $7.5 billion debt facility, the largest ever private debt financing in the United States.
• Denbury Inc. in the refinancing of its $1.5 billion revolving credit facility.
• Maverick Natural Resources in the issuance of $640 million of asset-backed securities secured by Maverick’s Western Anadarko Basin producing wells, as part of a master trust.
• Additional representation of various energy industry clients including Hatch Resources, Mach Natural Resources and Shoals Technologies Group.

Fund Finance

• Warburg Pincus in its flagship oversubscribed Global Growth 14 Fund, its largest ever vehicle with $17.3 billion in LP commitments.
• Representation of leading investment funds in transactions including subscription/capital call facilities, NAV-secured facilities, hybrid facilities, notes offerings, employee co-invests, GP lines, partner loan programs and portco guarantees. Representative clients include: Alpine Investors, Ascend Capital Partners, Aurora Capital Partners, Formentera Partners, InvestIndustrial, King Street Capital Management, Luminate Capital Partners, Origami Capital Partners, Prime Residential, Tract Capital Management, Trinity Hunt Partners and Warren Equity Partners.