Tim’s practice includes experience in various federal income tax matters with an emphasis on domestic business transaction planning.

Tim counsels publicly-traded partnerships (MLPs) on a wide variety of tax issues, including formation, qualification, and acquisition and recapitalization activities. Tim also handles the tax aspects of public and private offerings of debt and equity securities and has advised companies on numerous public and private acquisitions, dispositions and joint ventures, including tax-free reorganizations and like-kind exchanges.

Relevant Experience

  • Represented the underwriters in Energy Transfer Operating, L.P.’s public offering of $1.6 billion of preferred units was comprised of 500,000 of ETO’s 6.750% Series F Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference $1,000 per unit, and 1,100,000 of ETO’s 7.125% Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference $1,000 per unit.

  • Represented the underwriters in Energy Transfer Operating, L.P.’s public offering of $4.5 billion senior notes comprised of $1.0 billion aggregate principal amount of 2.900% senior notes due 2025, $1.5 billion aggregate principal amount of 3.750% senior notes due 2030, and $2.0 billion aggregate principal amount of 5.000% senior notes due 2050.

  • Represented the underwriters in connection with Genesis Energy, L.P.’s registered offering of $750 million of 7.750% senior notes due 2028 and the dealer manager in the concurrent cash tender offer for $750 million of Genesis Energy, L.P.’s 6.750% senior notes due 2022.
  • Representation of NGL Energy Partners LP in its private placement of $200 million of NGL’s Class D Preferred Units and warrants to purchase common units representing equity interests in NGL.
  • Representation of the initial purchasers in connection with $100 million Rule 144A private placement of senior notes of a limited liability company owned 50% by an affiliate of an NYSE-listed, midstream company and 50% by an affiliate of an NYSE-listed, power company.

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