STERLING CHEMICALS, INC., Houston, Texas (international chemical manufacturing company) Manager of Treasury Analysis and Investor Relations 1992-1997 ? Arranged $456.5 million of bank facilities used to acquire 91% of Sterling's outstanding common stock as a part of a merger transaction with a privately held company. ? Managed the proxy solicitation process to obtain shareholder approval of the merger transaction between Sterling and a privately held company, including management of the proxy solicitor and the exchange agent.
? Negotiated a $60 million term loan facility to finance the construction of 110,000-ton per year sodium chlorate plant in Georgia.
? Negotiated $275 million of bank facilities to consolidate debt facilities which significantly lowered borrowing margins and revolver commitment fees.
? Restructured the investment management of the defined benefit plans, the 401-K plan, and the non-company stock portion of the Employee Stock Ownership Plan.
? Hedged a portion of the floating-rate revolver debt through execution of interest fixed-rate swaps. Manager of Cash, Credit and Investor Relations 1989-1992 ? Negotiated $185 million of bank facilities to acquire a Canadian pulp chemicals business for which $165 million was non-recourse to the parent company.
? Managed the cash management activities of the company which included establishment of a new program for the pulp chemicals acquisition.
? Managed the investor relations function of the company, which included creation of investor presentations, production of annual and quarterly reports and being the contact person for investors and buyside analysts.
? Supervised the credit function of the company which included negotiating and managing commercial letters of credit received from international customers.
? Established a Canadian Dollar hedging program for the pulp chemicals acquisition.
? Negotiated a non-recourse $25 million project financing for the construction of a 42-megawatt, gas-fired co-generation plant that significantly reduced the Texas City, Texas plant's steam and electrical costs. Manager of Debt and Investment 1987-1989 ? Renegotiated the company's revolving credit agreement to lower borrowing margins, release collateral and permit the payment of $180 million in extraordinary dividends to shareholders.
? Prepared the offering document to tender for $59 million of outstanding subordinated notes so that the company could pay common stock dividends.
? Improved the compliance reporting system for the debt agreements by correcting reporting errors, resulting in the elimination of audit comments from the independent auditors. ANDERSON, CLAYTON & CO., Houston, Texas (international food manufacturing company)(Acquired by The Quaker Oats Company, October 1986) Financial Analyst 1983-1987 ? Negotiated $255 million of bank facilities to purchase a portion of the company's common stock in an attempt to keep the company independent of a takeover by Quaker Oats.
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