Benjamin Gelfand is an associate in the Houston office and a member of the Finance Department.
Mr. Gelfand represents public and private borrowers, private equity sponsors, and direct and institutional lenders in complex financing transactions, with an emphasis on the technology, life sciences, and energy industries.
Mr. Gelfand regularly advises clients on:
Direct lending and other growth debt financings
Acquisition financings
Asset-based and reserve-based lending facilities
Revolving credit facilities
Term loans and secured notes offerings
DIP/Exit facilities
Mr. Gelfand is a member of the firm’s Ethics Committee.
Experience
Mr. Gelfand’s representative experience includes advising:
Lender Representations
Francisco Partners in connection with the business combination of Movella, a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, with Pathfinder Acquisition Corporation, a special purpose acquisition company
A leading specialty finance company in its:
Second lien term loan and second lien flex facility for a drone manufacturer
Term loan facility for a pharmaceutical company
Amended and restated senior secured term loan facility for a home services technology company
A leading specialty finance company in its term loan facility for a Swiss pharmaceutical company
A leading specialty finance company in a term loan facility for a Danish software company
An investment advisory company in its term, revolving, and delayed draw facility, the proceeds of which were used by a private equity firm to acquire a leading DTC logistics provider for wine and alcoholic beverages
Barclays Bank PLC, in its:
US$1.50 billion senior secured term loan facility and US$150 million senior secured super priority revolving credit facility for Lower Cadence Holdings LLC, the proceeds of which were used to acquire midstream oil and gas assets in the Permian
Term loans and revolving credit facility in connection with EnCap Investments L.P.’s acquisition of Oxy Ingleside Energy Center, a crude oil storage and export terminal
Citigroup in its US$2.0 billion amendment and extension to revolving credit facility for Encino Acquisition Partners Holdings, LLC, a company that provides crude oil and natural gas exploration and production services
Corporate Representations
scPharmaceuticals, Inc., in its US$100 million term loan facility with Oaktree Fund Administration, LLC
Spectrum Pharmaceuticals Inc, in its US$65 million term loan facility with SLR Investment Corp.
A manufacturer of quantum dot technology, in its senior secured convertible note facility
Fertitta Entertainment, LLC (f/k/a Golden Nugget, LLC) in its US$3.3 billion term loan B facility, a US$500 million revolving credit facility, and US$1.0 billion senior secured notes offering
A home security alarm monitoring company in a committed US$245 million secured superpriority debtor-in-possession revolving credit facility, a US$295 million secured revolving exit credit facility, and a US$822.5 million secured term takeback credit facility
Qualifications
Bar Qualification
Texas
Education
JD, Georgetown University Law Center magna cum laude, Order of the Coif
MM, Voice, Indiana University
BM in Voice Performance, The Ohio State University
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