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Michael D. Cuda

Partner
+1.214.939.5496
Fax +1.214.939.5849
+1.713.815.7355
Fax +1.713.815.7301
Michael Cuda is a partner in the firm’s Dallas and Houston offices, where he is a member of the Banking and Asset Finance and Energy, Infrastructure and Resources practice groups. Mr. Cuda has more than 25 years of experience in business and banking transactions. His practice focuses on domestic as well as international energy and oil and gas industry financing transactions, including upstream through downstream operations, offshore production, and equipment and oilfield services finance. Additionally, Mr. Cuda represents clients as developers, investors and offtakers in the wind and solar energy arenas with respect to financing transactions, PPAs and VPPAs, tax equity issues, land development issues and local and state regulatory issues. Mr. Cuda also negotiates a wide range of industry documents, and works in various capacities on financial derivatives transactions and Dodd-Frank issues.

In addition to energy transactions, Mr. Cuda is involved in various types of syndicated lending transactions involving international currencies and collateral, asset based lending, commodity (non-energy) finance, film, media and telecom financings, medical finance and middle market commercial business financings.

Mr. Cuda is a former restructuring, loan review and regulatory compliance banker and as a result, he regularly assists clients in structuring credit transactions that involve public and private debt, multiple debt layers, multi-tranched loans and other related complex transactions. Mr. Cuda also counsels clients in specialty lending transactions, loan work-outs and other debt restructurings, including through bankruptcy proceedings.

Professional Background

Prior to joining the firm, Mr. Cuda was a partner in the Dallas and Houston offices of an international law firm where he concentrated his practice in financial services, infrastructure, debt finance, and energy & natural resources.

Achievements

  • Who’s Who in Energy, Dallas Business Journal (2011-2012)

Professional/Civic Activities

  • Adam Energy Forum
  • Adjunct Professor of Law, William & Mary, Texas Tech University, University of Oklahoma and Texas Wesleyan University
  • Association of International Petroleum Negotiators
  • City of Arlington, Texas, Economic Advisory Committee
  • Commercial Finance Association
  • Texas Association of Bank Counsel
  • Turnaround Management Association

Speaking Engagements

  • From Term Sheet to Termination: The Evolution of an Oil and Gas Loan Package, Client Financial Institution In-house Presentation (July 2016)
  • Panel Moderator and Speaker, “Navigating the Turmoil in the Oil and Gas Industry,” Turnaround Management Association National Conference, Scottsdale, Arizona (2015)
  • Speaker, “New Opportunities in Energy and Water,” Smith’s High Yield Conference, Greenwich, Connecticut (2015)
  • Before You Bid and Finance: The M&A Diligence and Things You Wish You Knew, Presented at the Energy Leadership Series, The Dallas Petroleum Club, July 29, 2014
  • Panel Moderator, “Status of Medical, Energy and Retail Industries,” Turnaround Management Association Regional Conference, Austin, Texas (2014)
  • Author, “Oil and Gas Financing and Regulation in Texas,” In-house presentation (March 2013)
  • Acquiring and Financing Companies in the Energy Sector: What the Frack? and Other Questions to get Us from Here to Renewables, In-house co-presenter (March 2012)
  • “Oil and Gas Financing: Structures, Techniques and Recent Trends,” Presented to the Advanced Oil, Gas and Energy Resources Law Conference, Houston, TX (October 7, 2011)
  • “Interest Rate Swaps: Expensive Lessons Learned at Harvard University,” Presented to the Mortgage Lending Institute, Austin, TX (September 15, 2011)
  • “Interest Rate Swaps and Other Financial Derivatives: An Introduction.” Presented to the Advanced Real Estate Law Course 2004, San Antonio, TX (July 2004)

Oil and Gas

  • Represented Agent and Syndicate Lenders in more than US$40 billion in senior secured E&P and midstream credit facilities since 2012.
  • Represented Agent in US$1 billion syndicated secured credit facility to E&P Company with oil and gas property collateral located in multiple states.
  • Represented Specialty Lending groups in stand-alone and club loan packages to highly leveraged and distressed E&P and oil field services companies.
  • Represented national and regional Lenders in stand-alone and club loan packages to E&P, midstream and oil field services companies.
  • Represented numerous Lenders in E&P and midstream loan review and in-house restructuring matters.
  • Represented Senior Secured Hedge Counterparties in credit document and intercreditor preparation, review and negotiation in connection with numerous commodity hedging transactions.

ABL, Media/Telecom and Middle Market Transactions

  • Represented Agent in $250 million Senior Secured Facility to trucking company for equipment with revolving and term loan tranches.
  • Represented Agent in $200 million Senior Secured Credit Facility to regional oil and gas development company subsidiary for drilling equipment.
  • Represented Agent in $2 billion Senior Secured Credit Facility to international radio station holding company. 
  • Represented Agent in $1 billion Senior Secured Credit Facility to national domestic telecommunications company.
  • Represented Agent in $75 million Senior Secured Credit Facility to bank holding company secured by bank stock.
  • Represented Agent in $40 million Senior Secured Credit Facility to national restaurant chain with revolving and term loan tranches secured by equipment and leases.
  • Represented Agent in $25 million Senior Secured Credit Facility to life insurance corporation secured by receivables and key man insurance policy.
  • Represented Agent in restructure through bankruptcy of $650 million Senior Secured Credit Facility to tower company secured by contracts and real property.