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Donna Burnett represents participants in multi-million dollar securitizations, issuance of securities (taxable and tax-exempt), and workouts and defaults of the foregoing. Ms. Burnett has worked with a number of municipalities, energy companies, monoline insurers, and trustee banks to help issue and secure debt (including collateralized debt obligations) and to help pursue remedies and liquidate assets following default on such debt. In one case, she represented a national monoline bond insurer as purchaser of structured notes as well as insurer in the securitization of volumetric production payments in oil and gas producing properties in the Gulf of Mexico. Drawing on her dedication to detail, Ms. Burnett has represented numerous Fortune 500 companies in issuances of senior, senior-subordinated, and subordinated debt (including high yield debt), both secured and unsecured. Education J.D., magna cum laude, University of Houston Law Center, 1980 Editor-in-chief, Houston Law Review, 1979 - 1980 B.B.A., with highest honors, The University of Texas at Austin, 1975 Bar Admissions Texas, 1980 Representative Experience Represented NY bond insurer as purchaser of $630,045,089 structured notes and insurer in securitization of volumetric production payment in oil and gas producing properties on the Outer Continental Shelf of the Gulf of Mexico. Represented seller in structuring a FASB 98 $197,400,000 sale and leaseback of prison facilities and the related securitization of rental payments arising therefrom; create special purpose entities, prepare all transaction documents and render all bankruptcy remote and true sale opinions required by rating agency. Represented issuer in structuring FASB 140 $145,000,000 securitization of energy capacity contract; create special purpose entities, prepare all transaction documents and render all bankruptcy remoteness and true sale opinions required by rating agency. Represented NY bond insurer in negotiating and closing $134,000,000 tax exempt financing involving unique securitization of oil and gas producing properties. Represent NY bond insurer in negotiating and closing $279,000,000 taxable financing involving securitization of oil and gas overriding royalty payments. Represent multiple charities in structuring off balance sheet $87,500,000 securitization of life insurance premiums and create special purpose entity used in connection therewith. Represented NY banking organization as master servicer, administrator and collateral agent in establishing 8 conduit issuers of commercial paper collateralized by business loans to closed system of franchisees. Represented two national banks as indenture trustees in connection with issuance of and pursuit of remedies with respect to taxable collateralized debt obligations and other asset backed securitizations as well as tax exempt obligations. Represent hospital authority in $116,000,000 issuance of taxable revenue and mortgage bonds. Represent issuer and act as bond counsel on $5,000,000 economic development bonds in Texas . Represented numerous Fortune 500 companies in multiple issuances of senior, senior-subordinate and subordinated debt, including Tranche B debt, both secured and unsecured. Represented national banking association as trustee in CDOs, CLOs, CBOs, CMOs, and other types of asset-backed security transactions. Represented national banking association as indenture trustee in defaulted tax-exempt bonds including negotiation of settlement agreements and sale of franchised hotels as well as multi-family apartments. Professional History Through her professional corporation, Partner in the law firm of Locke Liddell & Sapp Professional Affiliations Member, Houston Bar Association Member, American Bar Association Member, State Bar of Texas Member, National Association of Bond Lawyers Member, Texas Association of Bank Counsel Community Leadership Member, The Junior League of Houston. |
