Mahalia S. Doughty

MAHALIA DOUGHTY focuses her practice on private equity, financing transactions, and debt restructurings. Mahalia has extensive experience representing private equity funds, public and private companies, financial institutions, and public and private issuers in a wide variety of financing transactions in both the United States and abroad, with a concentration on acquisition financing, investment grade lending, asset-based lending (including reserve-based lending for oil and gas transactions), and general working capital facilities. In addition, Mahalia has experience in debtor-in-possession and exit financing and workouts and restructurings on behalf of debtor companies. Mahalia also counsels clients on debt compliance matters and other liability management strategies.

Mahalia’s work has earned her recognition in Best Lawyers: Ones to Watch in America® 2026 for Banking and Finance Law, Leveraged Buyouts and Private Equity Law, and Oil and Gas Law.

Prior to joining Sidley, Mahalia worked as an associate at an international law firm where she counseled clients on significant energy-related financing transactions. Mahalia graduated cum laude and on the dean’s list, with her J.D. from Cornell Law School. Mahalia also holds a B.A. from the University of Florida, where she graduated cum laude and was recognized on the president’s list for her academic achievements.

A sampling of Mahalia’s representative experience includes:

• Newfold Digital in in the carveout sale of Markmonitor to Com Laude.
• U.S. Energy Development Corporation in connection with its reserve based lending facility in connection with USEDC’s acquisition of approximately 20,000 net acres in Reeves and Ward Counties, Texas, the largest acquisition in USEDC’s history.
• The Energy & Minerals Group in a US$465 million term loan “B” credit facility and a US$50 million superpriority revolving credit facility entered into in connection with the closing of a US$1.1 billion continuation vehicle that included EMG’s investments in core midstream infrastructure assets.
• Fortress Credit Corp, as administrative agent and lead lender, in connection with Phoenix Capital Group’s US$135 million delayed draw term loan facility and subsequent upsize to US$250 million.
• Kodiak Gas Services, Inc. in its amendments to its US$2.2 billion revolving credit facility in connection with KGS’s acquisition of CSI Compressco, LP.
• Bangkok Bank Public Company Limited (New York Branch) as administrative agent and lead lender in connection with 1) BKV’s US$600 million senior unsecured term loan credit facility to fund in part BKV’s acquisition of certain natural gas upstream and associated midstream infrastructure in the Barnett from XTO Energy, Inc. and Barnett Gathering LLC, subsidiaries of the Exxon Mobil Corporation and 2) as administrative agent and sole initial lender in connection with BKV’s US$100 million senior unsecured revolving credit facility.
• Macquarie Bank Limited, as administrative agent and lead lender, in connection with Halcón Holdings, LLC’s, a subsidiary of Battalion Oil Corporation, US$235 million senior secured delayed draw term loan facility, the proceeds of which were used in part to refinance Battalion’s existing reserved based revolving credit facility.
• Macquarie Bank Limited, as administrative agent and lead lender, in connection with a US$165million senior secured delayed draw term loan facility to a sponsor backed upstream and midstream company with drilling operations in the Bakken formation and Williston Basin.
• WTG Midstream LLC, a portfolio company of Stonepeak Infrastructure Partners, in connection with its amended and restated US$350 million senior secured revolving credit facility.
• Stonepeak Infrastructure Partners in connection with acquisition financing led by MUFG Bank, Ltd., as the agent for the lenders to partially fund its acquisition of a 50% interest in the Key Access Pipeline Systems (KAPS), a Canadian natural gas liquids (NGL) pipeline system connecting Northwest Alberta to energy hubs in Edmonton and Fort Saskatchewan, for US$484.8 million.
• Western Midstream Operating, LP, a wholly owned subsidiary of Western Midstream Partners, LP, in connection with the entry into its US$1.6 billion amended and restated senior unsecured revolving credit facility.
• Western Midstream Operating, LP, a wholly owned subsidiary of Western Midstream Partners, LP, in connection with the entry into its US$2.0 billion amended and restated senior unsecured revolving credit facility.
• Howard Midstream Energy Partners, LLC, a growth-oriented energy company focused on providing innovative midstream solutions, on its US$1.0 billion amended and restated revolving credit facility, to fund in part a build-out of HEP’s major renewable diesel logistics facility in Port Arthur, Texas.
• A midstream oil and gas joint venture, focused on developing oil gathering and natural gas processing infrastructure in the Delaware Basin, in connection with its upsized US$700 million amended and restated revolving credit facility.
• Wells Fargo, N.A., as administrative agent, in connection with Energy Transfer Partners’ US$4 billion five-year revolving credit facility and US$1 billion 364-day revolving credit facility.
• JPMorgan Chase Bank, N.A., as administrative agent and lender in connection with a sponsor backed operating company’s US$165 million reserve based lending facility with assets located in the Permian Basin.
• ChargePoint Holdings, Inc., a leading electric vehicle (EV) charging network, in a new US$150 million senior secured revolving credit facility
  Newfold Digital, a web and commerce technology provider backed by Clearlake Capital Group, L.P. and Siris Capital Group, LLC, in connection with its US$110 million incremental amendment to its existing secured first lien credit facility to fund in part its acquisition of
• MarkMonitor™, an enterprise-level provider of domain management solutions.
• Siris Capital Group and, its portfolio company, TPx Communications, a leading nationwide managed services provider delivering cybersecurity, managed networks, and cloud communications, in the refinancing of approximately US$600 million in term loans and revolving loans under
• TPx’s existing credit agreement into new superpriority secured credit facilities and concurrent equity investment led by Siris.
• Macquarie Bank Limited, as a hedge provider, in connection with Alpine Summit Energy Partners, Inc.’s US$80 million asset backed securitization facility secured by certain producing oil and gas wells.
• A hedge provider, in connection with Terra Energy Partners LLC’s issuance of US$525 million asset-backed securities.
• Rockland Capital, a private equity company involved in the power and infrastructure markets, in its acquisition financing of a 330 MW natural gas-fired simple cycle generating facility located in Ector County, Texas.
• A provider of investment funding for solar projects, in connection with its bridge loan and construction financing of multiple solar projects located in North Carolina and Oregon.
• Seadrill Limited, the leading global provider of offshore contract drilling services, and certain of its direct and indirect subsidiaries in their multi-jurisdictional restructuring of approximately US$6.1 billion of funded debt.
• The world’s largest offshore driller by fleet size (who owns 67 drilling rigs and operates in every major offshore hydrocarbon basin throughout the globe) and 89 of its subsidiaries in obtaining exit financing in the form of secured notes.
• Cineworld Group PLC, owner of Regal Cinemas, in obtaining US$450 million in additional financing, providing liquidity in response to the impact of COVID-19 on the company and the cinema industry.
• Chesapeake Energy Corporation and 40 of its subsidiaries in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas in connection with a US$925 million new money debtor-in-possession financing facility.
• Chesapeake Energy Corporation and 40 of its subsidiaries in obtaining a US$2.5 billion exit revolving credit facility.
• Callon Petroleum Company in its fully committed US$5 billion first lien reserve-based financing in connection with its merger with Carrizo Oil & Gas and subsequent amendments to the same.
• Hornbeck Offshore Services, Inc. in its prepackaged plan of reorganization to restructure US$1.2 billion of funded debt obligations, including its US$75 million in debtor-in-possession financing and first and second lien exit term loan credit facilities.
• The administrative agent and arranger its arrangement of a US$650 million senior secured term loan facility and US$300 million senior secured revolving credit facility for ITT Holdings LLC.
• The administrative agent and arranger providing underwritten bank financing, consisting of a US$900 million Term and US$50 million Revolving Loan Facilities for the acquisition of certain assets and subsidiaries of Brazos Delaware to Bison Midstream.
• Hawkwood Energy, an independent exploration and production company, in its acquisition by WildFire Energy I, an independent energy platform company, sponsored by Warburg Pincus and Kayne Anderson.
• An investment fund in providing a US$100 million unsecured term load to one of the Caribbean’s fastest growing resort chains.
• GenOn Holdings LLC in its US$125 million first lien revolving credit facility and $450 million second lien bonds.
• Guidon Operating LLC in the divestiture of all leasehold interests and related assets to Diamondback Energy, Inc. for a mixture of cash and shares of Diamondback common stock.
• Brix Oil & Gas Holdings, a Blackstone portfolio company, in a development financing facility secured by its oil and gas assets.

Some of the above matters were handled prior to joining Sidley.