How To Structure A HoldCo Loan In The Energy Industry

Law360, New York (March 26, 2013, 9:50 AM EDT) -- Recent months have seen an increasing number of credit facilities that are designed to provide capital to a holding company (HoldCo) sitting above a master limited partnership (MLP), joint venture (JV) or other energy-related operating company (OpCo). These facilities are sometimes referred to as “Holdco Loans.”

The capital that is provided may be used to make a distribution to a sponsor, invest in the OpCo, acquire and develop assets that in the future may be transferred to the OpCo, for working capital or a combination of...
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