Travis J. Wofford

Department Chair - Corporate (Houston) Partner

[email protected]

Houston

P: +1.713.229.1315
F: +1.713.229.2715
Travis Wofford

Travis Wofford is Chair of the Corporate Department in Houston, Vice Chair of the Global M&A Practice, and member of the Securities Opinion Committee. He is a trusted advisor to several public and private companies in their strategic transactions, capital raising activities, and SEC disclosure matters. He regularly counsels companies and their boards on fiduciary duty, sustainability and corporate governance matters, including controlling stockholder and related party transactions. Travis has assisted many clients in proxy planning and takeover defense, including "poison pill" rights plans. He has also advised issuers, underwriters and investors in novel, market-moving capital raising structures and liability management transactions. Travis has particular experience in the energy and technology sectors.

Travis has frequently been recognized for the quality of his legal and strategic advice. For mergers and acquisitions, shareholder engagement and corporate advisory work, he has been recognized in, among others, Lawdragon's "500 Leading Dealmakers in America" (2021). The National Association of Corporate Directors named him to "Directorship 100: Governance Professionals and Institutions" (2022), of which he was one of only 9 lawyers for that year. He was also named a "2021 Texas Trailblazer" by Texas Lawyer Magazine/Law.com for his creative financing structures, including those for renewable energy investments.

As an avid proponent of corporate governance education, Travis sits on the board of directors of NACD's Texas Tricities chapter (covering Houston, Austin and San Antonio) and regularly leads board, individual director and general counsel training and guidance. He is also a board member of Lone Star Legal Aid, which serves over 2-million low-income individuals, children, survivors of crime and veterans across Texas and Arkansas, accounting for roughly 10% of all low-income Southerners.

Travis has been sought out for his views on the market by, among others, The Wall Street Journal, The Financial Times, Politico, Law360, MergerMarket, and Institutional Investor.

Related Experience

Travis has broad mergers and acquisitions and capital markets experience spanning numerous transaction structures. Notable transactions include representing:*

Mergers and Acquisitions

  • Sunnova Energy International, Inc. in its $325 million acquisition of SunStreet, the residential solar platform of Lennar Corporation, and related exclusive strategic partnership arrangement
  • Special Committee of Barnes & Noble Inc. in its $683 million sale to Elliot Advisors
  • McDermott International, Inc. in its $6 billion acquisition of Chicago Bridge & Iron Company N.V.
  • Mark Tkach and William Coulter in their successful proxy contest to replace the CEO, COO and a majority of the board of RumbleOn
  • Schlumberger Limited in its $14 billion acquisition of Cameron International Corporation
  • Halliburton Company in its proposed $35 billion acquisition of Baker Hughes Incorporated
  • Conflicts Committee of Williams Partners L.P. in its $10.5 billion acquisition by The Williams Companies Inc., its prior proposed $13.8 billion acquisition by The Williams Companies Inc. (resulting in receipt of a $428 million buyer termination fee), its $50 billion merger with Access Midstream Partners, L.P. and its $11.4 billion simplification of incentive distribution rights and general partner interest and related $1.8 billion private placement
  • Conflicts Committee of Arc Logistics Partners LP in its sale to Zenith Energy U.S. LP and Warburg Pincus LLC
  • Various private investments by Liberty Media Corporation and other associated companies
  • Sunnova Energy Corporation in acquisitions of distributed generation residential solar assets
  • Chesapeake Energy Corporation in acquisitions and dispositions aggregating $2 billion in value, including the sale of upstream oil and gas assets in the Western Anadarko Basin to private equity investors and various sales of compression assets
  • LINN Energy in its $2.3 billion acquisition of drilling assets from Devon Energy
  • Ascent Capital Group in its merger with its subsidiary Monitronics International and the related Chapter 11 bankruptcy of Monitronics
  • Qurate Retail Inc. in the disposition of its indirect stake in FTD Companies Inc.
  • Independent directors of JDA Software Group in its $2 billion leveraged buyout by New Mountain Capital
  • IBM in its $850 million divestiture of its point-of-sale technology business to Toshiba
  • Lindsay Goldberg in its purchase from Lockheed Martin Corporation and other investors of Pacific Architects and Engineers Inc. and Defense Support Services
  • Barnes & Noble in the joint venture and strategic investment by Microsoft in its NOOK business
  • Civeo Corporation in its redomestication from Texas to British Columbia
  • Various private businesses in deadlock resolutions with minority investors, including buyouts

Capital Markets/Securities

  • Sunnova Energy International, Inc. in its initial public offering and subsequent follow-on common stock offerings and PIPE private placements of convertible notes
  • Sunnova Energy International, Inc. in more than a dozen securitizations of residential solar assets, tax equity interests, renewable energy credits and tax attributes, including a $3 billion conditional loan commitment from the Department of Energy, its first asset-backed securitization collateralized by a pool of distributed generation solar assets, its first loan-backed securitization collateralized by a pool of consumer loans and its first delayed-draw private placement securitization facility layered over tax equity facilities
  • Various parties to SPAC IPOs, including Liberty Media in its inaugural SPAC initial public offering of Liberty Media Acquisition Corp., the first public-company-sponsored corporate-finance SPAC; SHUAA Partners Acquisition Corp I in its $111 million SPAC IPO; the underwriters in Clean Earth Acquisitions Corp.’s $200 million SPAC IPO and the underwriters in Seaport Calibre Materials Acquisition Corp.’s $130 million SPAC IPO
  • Private energy company in its securitization of oil and gas interests (private rating)
  • Renewable energy company in various high yield bond and convertible bond offerings and subsequent liability management transactions
  • Qurate Retail Inc. in its $2 billion dividend to public stockholders of a new class of cumulative redeemable preferred stock and cash
  • Dr. Pepper Snapple Group in its $400 million private offering of senior notes and related $250 million tender offer and redemption of outstanding senior notes
  • Renewable energy company in various private company financings, including Series A, B and C fundraising rounds, convertible notes and recapitalizations
  • Carrizo Oil & Gas, Inc. in various debt and equity offerings, including its aggregate $300 million Delaware Basin asset acquisition financing (including a preferred stock PIPE private placement to GSO Capital Partners and registered offerings of senior notes and common stock), its $300 million senior notes private offering to finance an acquisition of Eagle Ford assets, its $550 senior notes offering and related tender offer and redemption of outstanding senior notes, and various other offerings of senior notes and common stock
  • Jones Energy, Inc. in its public offering of convertible preferred stock and concurrent public offering of common stock
  • McDermott International, Inc. in its PIPE private placement of $300 million of redeemable preferred stock and warrants
  • Helix Energy Solutions Group in its $125 million public offering of convertible senior notes
  • Linn Energy, LLC in its privately-negotiated exchanges of $2 billion outstanding senior unsecured notes for $1 billion of newly issued senior secured second lien notes and its $1.0 billion bridge term loan facility and $1.1 billion public offering of senior notes in connection with its $2.3 billion asset acquisition from Devon Energy Corporation
  • Noble Corporation plc in its public offering of senior notes and related $750 million cash tender offer for outstanding senior notes
  • Westlake Chemical in a $500 million senior notes offering
  • Initial purchasers in the $1.45 billion private offering of senior secured second lien notes by Energy XXI Ltd
  • Initial purchasers in the $1.50 billion private offering of senior notes by Sabal Trail Transmission, LLC
  • Underwriters in Summit Midstream Holdings' $500 million public offering of senior notes and related cash tender offer for outstanding senior notes
  • Initial Purchasers in an $800 million senior notes offering by Texas Eastern Transmission, LP, a subsidiary of Spectra Energy Partners, LP
  • Initial purchaser and dealer manager in Chesapeake Energy Corporation's $2 billion public offering of senior notes and related tender offer/consent solicitation for outstanding senior notes and a $1.1 billion PIPE private placement of cumulative non-voting convertible preferred stock
  • Crown Castle International, Inc. in securitizations of cell phone towers for an aggregate $3.4 billion of Senior Secured Tower Revenue Notes
  • Underwriters in various common stock offerings, including Tesco Corporation, Core Laboratories

* Includes matters handled prior to joining Baker Botts L.L.P.

Awards & Community

Recognized in NACD's Directorship 100: Governance Professionals and Institutions, 2022

Recognized as one of the "500 Leading Dealmakers in America" by Lawdragon, 2021 & 2024

Named a "Stand-Out Lawyer" by Thomson Reuters, 2019-2023

Recognized as a Texas Super Lawyer-Rising Star (Thomson Reuters), 2016-2020

News

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Thought Leadership

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Keynote Discussion

Speeches & Presentations

Fourth Annual 2021 Board of Directors Forum

Events

Recent

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New York Energy Dialogues

Baker Botts is proud to be a sponsor of the New York Energy Dialogues virtual event on September 23.

Introductory Guide to SPACs in the Middle East

Please join Baker Botts and SHUAA Capital on Tuesday 18 May for a webinar discussing key considerations around Special Purpose Acquisition Companies (SPACs) opportunities in Middle Eastern markets.

Baker Botts Energy Lawyer School

Baker Botts is delighted to invite you to our Energy Lawyer School commencing on the 16 March and finishing on 24 March 2021

2020 Houston Board of Directors Forum

The third annual Houston Board of Directors Forum is a half day event that will address hot topics and critical issues affecting Boards and Corporate Directors in 2020.