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Haynes and Boone, LLP

James Markus

James Markus

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  • Finance

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WSG Coronavirus Task Force Group
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Profile
In practice for more than 40 years, Jim Markus is a preeminent finance attorney who is dedicated to understanding his clients’ businesses and designing practical and effective solutions to address the risks and opportunities they face. As a partner in the Haynes and Boone Finance Practice Group, Jim represents financial institutions, corporations, private equity firms and alternative lenders.

Jim’s practice spans commercial lending, corporate finance, loan workouts, and restructurings, with a special emphasis on asset-based lending, syndicated financings, leveraged acquisitions, and mezzanine finance. Over many years, he has handled complex workouts of troubled loans, including in-court and out-of-court restructurings.

In addition to his vast experience with financial institutions, Jim has worked with companies from a diverse array of industries. He has also served as pro bono counsel to the Dallas Children’s Theater for several decades, including handling the financing for the acquisition and construction of their current facility.

Known for his careful and deliberate approach, Jim is one of only a few lawyers recognized for more than 10 years in The Best Lawyers in America, Woodward/White, Inc.,under both banking law, and bankruptcy and creditor/debtor law and was named a "Lawyer of the Year" in 2018. Jim’s work in banking and finance is noted in Chambers USA, Chambers and Partners, where one client describes him as “a terrific lawyer” and “a thorough practitioner” (2019).

Bar Admissions

Ohio; Texas; District of Columbia; Maryland

Education

J.D., 1977, Cornell Law School
B.A., 1974, Yale University, cum laude, with special distinction in history
Areas of Practice

Energy Finance | Finance | Restructuring

Professional Career

Significant Accomplishments

A $1.05 billion cross-border, secured asset-based revolving credit facility to an international distributor of pipe valves and fittings
A $400 million syndicated cross-border, secured asset-based revolving credit facility and term loan
A $2.035 billion secured term loan to Sunoco L.P.
A $1.5 billion secured revolving credit facility to Sunoco L.P.
Asset-Based Lending

Administrative agent in a $375 million U.S./Canadian/U.K./Singapore cross-border, multi-currency syndicated credit facility to an integrated manufacturer and distributor of oil field tubular products
A $300 million U.S/Canadian/German/Swiss/U.K. cross-border, multi-currency syndicated credit facility to a fragrance company
A $200 million amended and restated revolving credit facility, with U.S. and German tranches, to Neenah Paper, Inc.
Conversion of a $300 million cash flow revolving credit loan into a $250 million asset-based credit facility to an oilfield services holding company and its 24 subsidiaries
Administrative agent in a $150 million cross-border revolving credit facility to a global pipeline contractor and its numerous U.S. and Canadian subsidiaries
A $50 million exit financing enabling a manufacturer of geosynthetic lining products to consummate its plan of reorganization and emerge from bankruptcy
Syndicated Finance

A privately held oil and gas exploration and production company in a $500 million reserve-based first lien revolving credit facility and a $125 million second lien term loan
Administrative agent in a $200 million asset-based revolving credit facility for a concrete producer
A provider of hospice services in a $160 million syndicated revolving credit facility and term loan B in connection with a successful tender offer for a public company
Administrative agent in a $150 million revolving credit facility to a refining company
A rental company specializing in drill pipes and related drilling tools in a $120 million senior revolving credit facility and term loan in connection with the acquisition of related companies providing rental services and equipment
Mezzanine Finance

Private equity firm in connection with a second lien term loan to a pharmaceutical company
Private equity firms in connection with a second lien term loan to an operator of hospice centers
Private equity firm in a $135 second lien term loan which, together with a $305 million first lien credit facility, enabled the acquisition of a global market research company
Private equity firm in connection with a second lien term loan to enable an acquisition
Private equity firm in a mezzanine financing as part of the $120 million acquisition of a wire and wireless connectivity products manufacturer
Acquisition & Leveraged Finance

Administrative agent in a $275 million asset-based revolving credit facility to a janitorial supply distributor
An initial $75 million revolving credit facility and term loan for an acquisition, followed by a $195 million syndicated revolving credit and term loan to make additional acquisitions
A private equity sponsor in a $90 million unitranche revolving credit and term loan facility to finance the acquisition of a practice development and supply chain solutions provider for independent optometrists and dentists in the United States and Canada
Administrative agent in a $120 million revolving credit facility to a distributor of insulation products
Administrative agent in a $120 million asset-based revolving credit facility in connection with the acquisition of an importer and distributor of pipe used in the energy and construction sectors
Restructuring & Reorganization

Administrative agent in the workout of a $400 million secured reserve-based revolving credit facility to Emerald Oil, Inc. and its subsequent chapter 11 bankruptcy
Workout of $150 million of guaranteed loans to Provident Royalties, resulting in acquisition of the collateral through a bankruptcy sale
An agent in the workout of a $75 million syndicated credit facility to an appliance manufacturer
Lender in an out-of-court restructuring of $59 million of winery and vineyard loans to an affiliated group of companies
Workout and restructuring of a $97.5 million second lien term loan
An exit financing consisting of $150 million revolving credit and term loan facility, and $55 million of senior secured notes
An agent in the workout of a $75 million syndicated asset-based credit facility to a trucking company
Articles

The Federal Reserve Releases Additional Guidance on the Loan Facilities Available to For Profit Businesses
Haynes and Boone, LLP, August 2020

Since the launch of the Main Street Lending Program, the Federal Reserve (through the Federal Reserve Bank of Boston, which is implementing the program) issued updates on July 15, 2020 and July 31, 2020 to the Frequently Asked Questions document (“FAQ”), originally published on April 30, 2020, for the three loan facilities available to for profit businesses...

Federal Reserve Expands Main Street Lending Program to Include Nonprofit Organizations as Borrowers
Haynes and Boone, LLP, July 2020

The Federal Reserve ’s Main Street Lending Program has recently been expanded to add two potential loan options, which will enable nonprofit organizations such as educational institutions, social service organizations and hospitals to receive financial support in addition to the previously announced programs benefiting for-profit entities...

President Signs Paycheck Protection Program Flexibility Act
Haynes and Boone, LLP, June 2020

On June 5, 2020, President Trump signed H.R.7010, the Paycheck Protection Program Flexibility Act of 2020 (the “PPPFA”). The PPPFA modifies the Paycheck Protection Program (“PPP”) to provide additional flexibility to borrowers in using PPP loan proceeds and obtaining forgiveness for their loans by the Small Business Administration (the “SBA”)...

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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