Joshua P. Agrons

Partner
Norton Rose Fulbright US LLP

Houston
United States
T:+1 713 651 5529
Houston
United States
T:+1 713 651 5529
Joshua P. Agrons

Joshua P. Agrons

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Biography

A partner in the Houston office since 1992, Josh Agrons focuses on financing transactions for companies at all life cycle stages, including secured and unsecured multi-currency credit facilities, high yield notes offerings, commercial paper facilities, letters of credit, debt restructurings and workouts, and hedging.


Professional experience

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JD, Washington University, St. Louis, Missouri, 1983
MBA, Washington University, St. Louis, Missouri, 1983
BA, magna cum laude, in Economics and Political Science, with distinction in Political Science, Duke University, 1979

Josh was a member of the Order of the Coif in law school and Beta Gamma Sigma in business school. He graduated in the top 10% of both his law school class and his business school class.

He was admitted to practice law in Texas in 1984.

  • Texas State Bar

Recent Financing Transactions:

Josh helps clients obtain a market view on financing terms through the volume of financing transactions, both secured and unsecured, that he works on. He has represented the following companies in recent financing transactions:  

  • $1.35 billion unsecured revolving and term credit facility for marine services company
  • $1.3 billion commercial paper program for refinery company
  • $75 million secured multicurrency revolving credit facility for drilling services company
  • $1.5 billion unsecured revolving line of credit for refinery company
  • $1.5 billion reserves based secured revolving credit facility for E&P company, with parent company guarantee support
  • $50 million secured revolving credit facility for oil field services company
  • $125 million secured "bankruptcy exit facility" for an OSV company
  • $75 million secured revolving line of credit for oil field services company
  • $1 billion multicurrency secured revolving credit facility for refining and specialty chemicals company
  • Supply and offtake agreements for refining companies for crude oil and finished products
  • International drilling services company in a $1.325 billion financing plan consisting of: (1) a tender offer and consent solicitation for approximately $1.0 billion of outstanding high yield notes, (ii) an offering of $775 million in new high yield secured notes, (iii) a $350 million secured term loan and (iv) an amended and restated $200 million secured revolving credit facility
  • $1.97 billion cross border commercial paper facility for diversified real estate, energy and investment fund manager
  • International drilling services company in $1.45 billion commercial paper facility
  • International drilling services company in $1.45 billion revolving credit facility
  • Oil and gas E&P investment funds in $95 million secured credit facilities
  • International drilling services company in $1.65 billion high yield offering and financing
  • Publishing and advertising entity in $2.75 billion term loan credit agreement
  • Multinational energy service company on commitments for $2.5 billion acquisition financing package for bid for acquisition of energy service company
  • Multinational energy service company in accordion feature exercise to $2.2 billion multicurrency revolving credit facility
  • International oil and natural gas service company in $1.75 billion unsecured multi-currency revolving credit agreement
  • Multinational energy service company in $1.5 billion commercial paper program establishment and maintenance
  • Consumer products rental store chain in connection with secured $750 million credit facility
  • $300 million multicurrency secured revolving credit facility for multinational OSV operator 
  • Onshore and offshore drilling, well-servicing and work over contractor in $700 million revolving credit facility
  • NOK 600 million secured multicurrency revolving credit facility for multinational OSV operator 
  • Refiner of fuels and specialty chemicals in $550 million secured revolving credit facility
  • International oil and natural gas service company in $500 million aggregate commitments credit facility
  • Leading refiner and processor of specialty hydrocarbon products in swaps transactions and $375 million revolving credit agreement and $385 million term loan Agreement
  • Retail chain in a $325 million Revolving Credit Facility
  • Onshore contract drilling provider and pressure pump servicer in $220 million revolving credit facility
  • Global provider of marine transportation in a $200 million Senior Secured Facility
  • Independent petroleum refiner in $150 million high yield offering
  • Operator of offshore platform support vessels in $150 million secured credit facility
  • Manufacturer and distributor of forklifts and lift trucks in $135 million revolving credit facility
  • International oil and natural gas service company in $50 million revolving credit facility
  • Manufacturer and distributor of forklifts in uncommitted credit facilities
  • Multinational energy service company in establishment of its Middle East subsidiary's bank guarantee facility
  • Mezzanine fund lenders to oil field services companies


Recent Swaps and Hedging Transactions:

Josh has represented clients in the following hedging transactions:

  • Natural gas and power company in swaps transactions
  • Natural gas and power company in swaps transactions in F/X and commodities
  • Multinational manufacturer of polyolefin materials in swaps transactions in F/X, commodities and (EU) carbon emissions credits
  • Operator of gas processing plants in F/X swaps
  • Large integrated oil and gas company in F/X and commodities swaps
  • Multinational conglomerate engineering, procurement and construction company in F/X and commodities swaps
  • Refiner of fuels and specialty chemicals in restructuring of agented secured (multi-provider) commodity swaps facility
  • Producer of construction aggregates and chemicals in establishment of swaps facilities with multiple providers
  • Multinational energy service company in establishment of agented swaps facilities for F/X and interest rate swaps
  • Multinational energy infrastructure design, engineering and construction firm in establishing F/X and interest swaps facilities
  • Publicly held entertainment company, and governmental agency, in swaps valuation disputes


Other Recent Commercial Transactions

Josh has also represented clients in certain other transactions:

  • Supply and offtake transactions for crude oil and finished product inventory financing for refinery and specialty chemical company
  • Litigation financing transactions
  • Letter of credit and guaranty matters
  • RINs trading documentation
  • Commodity leasing
  • Large energy trading company in review and analysis of intercreditor arrangements and collateral analysis
  • Comprehensive logistics services agreement for semiconductor related manufacturer, with Ryder Integrated Logistics for product delivery to lineside, including intra-campus deliveries, transport and trucking, exit agreement, and other related agreements
  • Logistics services agreement for retail clothing chain
  • Logistics agreements for food and candy companies
  • Logistics services agreement for English semiconductor related manufacturer, with non-US 3PL  
  • Manufacturer and distributor of forklifts in a joint venture with German company for U.S. manufacture and distribution of EU sourced warehouse products
  • Energy service companies in the redesign of their standard terms and conditions of sale and purchase
  • Financing, Ts & Cs, creditors' rights and revenue recognition related projects for oil field tubular goods vendors and purchasers
  • Client Choice Award, Texas: asset finance, Lexology and International Law Office, Globe Business Publishing Ltd., 2015
  • Legal 500 US, recommended lawyer, Energy: Transactions, The Legal 500, 2015
  • Texas Top Rated Lawyer, LexisNexis Martindale-Hubbell, 2013 - 2014
  • Former Chairman of the Board of Directors--MIT Enterprise Forum of Texas
  • American Bar Association
  • State Bar of Texas - Business Law Section
    • Legal Opinions Committee, Vice Chairman (2005 - 2006)
  • Houston Bar Association
  • Former Member--Museum of Fine Arts, Houston, American Painting and Sculpture Subcommittee
  • Former Chairman of the Board of Directors--Opera in the Heights