Benjamin T. Gelfand

Houston
  • 811 Main Street
  • Suite 3700
  • Houston, TX 77002
  • USA
 
 

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 lenders in complex financing transactions, with an emphasis on the oil and gas industry. He also has experience representing clients in forbearance, workout, and bankruptcy situations.

Mr. Gelfand regularly advises clients on:

  • Acquisition financings
  • Asset-based lending facilities
  • Reserve-based lending facilities
  • Revolving loans
  • Term loans
  • DIP/Exit facilities

Mr. Gelfand's representative experience includes advising:

  • Emerge Energy Services, LP in its US$35 million debtor-in-possession revolving credit agreement with HPS Investment Partners, LLC as agent
  • BJ Services, LLC, an oilfield services company sponsored by The Goldman Sachs Group, Inc., CSL Capital Management, LLC, and Baker Hughes Incorporated, in its US$200 million senior secured term loan facility agented by GACP Finance Co., LLC
  • Barclays Bank PLC, as joint lead arranger, joint bookrunner, and administrative agent, in its underwritten US$1,500 million 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
  • The administrative agent in its US$130 million debtor-in-possession revolving credit facility for a natural gas and oil company
  • 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
  • The joint lead arranger, bookrunner, and administrative agent in its underwritten US$2 billion senior secured first lien reserve based revolving credit facility for a private oil and gas operating company, the proceeds of which were used to acquire oil and gas properties from an energy company in the Utica Shale
  • The joint lead arranger, joint bookrunner, administrative agent, and collateral agent in a US$670 million amended and restated senior secured reserve based revolving credit facility
  • The joint lead arranger, joint bookrunner, and administrative agent in a best efforts commitment increase amendment of US$500 million to an amended and restated senior secured revolving credit facility for an independent gas and oil company
  • CNX Midstream Partners, LP in its US$600 million senior secured revolving credit facility with PNC Bank, National Association as administrative agent and collateral agent
 
 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.