Quick Results
Professional Photo
Professionals

Edward Arnold

Shareholder

Edward H. "Hank" Arnold III concentrates his practice in the areas of commercial transactions and bankruptcy.

Featured Videos

Coronavirus: Issues Affecting the Oil and Gas Industry March 30, 2020
Legal and Tax Issues in Connection with Buying Distressed Energy Assets June 29, 2017
As the Oil and Gas World Churns July 27, 2016

Featured Experience

Represented lead banks in leveraged lease financing of fractional interest in $320 million offshore drilling platform.

Louisiana counsel to Nevada gaming corporation in its $2.0 billion credit facility.

Closed a $10 million bankruptcy acquisition of a bio-diesel plant for an international client, who plans for a future $100 million conversion to an ammonia plant.

Professional Biography

Overview

Mr. Arnold has extensive experience in commercial transactions, including commercial finance, marine and energy finance and real property acquisitions and leases. He has regularly represented secured creditors in connection with the enforcement of security interest in state and federal courts.

Mr. Arnold has represented creditors, bankruptcy trustees and official committees in routine and complex matters before bankruptcy courts in Louisiana, Texas, Alabama and Mississippi. He also is experienced in representing owners, shipyards and lenders in connection with the construction, financing and operation of documented vessels. Mr. Arnold has also represented oilfield service companies, transportation companies and exploration and production companies in a wide variety of financial and operational issues.

Representative Matters
  • Represented lead banks in leveraged lease financing of fractional interest in $320 million offshore drilling platform.

  • Louisiana counsel to Nevada gaming corporation in its $2.0 billion credit facility.

  • Closed $60 million in senior secured financing for energy industry client, refinancing a $45 million loan previously closed by Baker Donelson. The loan proceeds were used by the client to refinance existing debt and fund the drilling of additional wells in the Gulf of Mexico.

  • Represented energy industry client, closing $45 million in senior secured financing on its behalf in order to refinance existing debt, fund the acquisition of additional offshore mineral leases, and fund the acquisition of a plugging and abandonment company. The loan follows a failed $100 million bond offering that closed but did not fund in the wake of the collapse of the high-yield bond market in 2014.

  • Closed a $10 million bankruptcy acquisition of a bio-diesel plant for an international client, who plans for a future $100 million conversion to an ammonia plant.

  • Closed a complicated marine financing transaction for a major national bank. The bank issued letters of credit in excess of $50 million to support the construction of two 271-foot Offshore Supply Vessels for its shipyard customer. The transaction also included an escrow of the full purchase price of the vessels by the shipyard's customer. The letters of credit serve in some respects as a performance bond and required complicated draw and collateral provisions.

  • Obtained 14th judgment in favor of a home buyer in a Louisiana redhibition/fraud case after winning eight full appeals following a damages award in Bankruptcy Court. The defendants disputed the home buyer's request for additional attorneys' fees in connection with the continued appeals. The District Court ruled that the home buyer was entitled to all fees incurred to date, as well as additional fees incurred in the event of a third appeal to the Fifth Circuit.

  • Represented an energy company as main counsel in its bankruptcy proceeding, which involved $54 million in senior secured debt and approximately $50 million in remaining debt. Also represented the company and related entities in connection with financial and operational issue prior to the bankruptcy filing.

  • Secured a favorable verdict on behalf of a seller in Jefferson Parish, Louisiana, in a lawsuit involving an asset purchase sale in which the buyer committed a number of defaults under a promissory note and loan documents.

  • Successfully forced increased interest rates and a reduction in term in connection with a complex, contested Chapter 11 proceeding on behalf of a lending institution. The bankruptcy involved dueling appraisals, feasibility experts, cram-down interest rate issues and the 1111(b) election.

  • Represented the first lien lender in a $46 million multi-bank debt restructuring for a distressed vessel company.

Professional Honors & Activities
  • Board Member – Turnaround Management Association, Louisiana Chapter
  • Member – American Bankruptcy Institute
  • Member – Louisiana Bankers Association
  • Member – Maritime Law Association
  • Secretary – Marine Finance Committee 
  • Member – Louisiana State, American and Federal Bar Associations
  • Counsel Committee Member – Louisiana Bankers Association
  • Listed in Chambers USA: America's Leading Business Lawyers since 2005 as a leading lawyer in Louisiana in the area of Marine Finance; listed since 2019 as a leading lawyer in Louisiana in the area of Bankruptcy/Restructuring
  • Listed in The Best Lawyers in America® in the areas of Equipment Finance Law (since 2006), Gaming Law (2011 – 2017), Bankruptcy Law (since 2011), Commercial Transactions/UCC Law (since 2012)   
  • Named the Best Lawyers' 2020 and 2014 New Orleans Equipment Finance Law "Lawyer of the Year" 
  • Named the Best Lawyers' 2018 New Orleans Commercial Transactions/UCC "Lawyer of the Year"
  • Listed in Louisiana Super Lawyers in Bankruptcy & Creditor/Debtor Law (2013, 2014); Transportation/Maritime Law (2015 – 2019) 
  • AV® Preeminent™ Peer Review Rated by Martindale-Hubbell 
  • Named to "Leadership in Law," New Orleans CityBusiness (2011)
  • Listed in New Orleans Magazine as a top lawyer in New Orleans (2006, 2010, 2012, 2015 – 2019)
Speaking Engagements
  • Panelist – "The Art of the Shipbuilding Contract," Admiralty Law Institute, Tulane University (March 2020)
  • "The Interplay of Bankruptcy and Oil and Gas Law," New Orleans Bar Association Seminar (October 2015)
  • Moderator – "Peak Oil 2015?," The Louisiana Chapter of TMA (March 2015)
  • "Dashing to Dation - Things to Consider When Negotiating a Dation En Paiement," New Orleans Bar Association, Real Property Committee meeting (February 2012)
Press Releases

Edward Arnold is noted for his representation of creditors in complex restructuring proceedings throughout the region. He handles such matters as part of a broader practice that also covers commercial transactions, and is particularly noted for his knowledge of the maritime and energy sectors. 'His awareness of his clients' business and industry is what makes his legal advice relevant and valuable,' avers one impressed client.

Email Disclaimer

NOTICE: The mailing of this email is not intended to create, and receipt of it does not constitute an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.
Cancel Accept