Opportune LLP recently tapped David Morris to lead its restructuring practice in Dallas as the firm looks to expand its presence in the Dallas-Fort Worth market.
According to a company release, Morris has nearly 20 years of experience advising organizations and executing complex financings. Most recently, he served as executive director in the energy finance group at JP Morgan Chase where he led diligence for financings, structured credit facilities, negotiated legal documents and restructured distressed oil and gas loans.
At Opportune, Morris will serve as managing director at its subsidiary and New York-based professional services firm Dacarba LLC. In the role, his principal focus will be guiding companies through corporate restructurings, turnaround management, transactional due diligence and advising on Chapter 11 bankruptcies.
The addition of Morris is also a part of an ongoing expansion of the Opportune restructuring team’s presence in the Dallas-Fort Worth market, according to Sean Clements, managing partner of Dacarba.
“David’s real-world experience in structuring loans, managing credit and working out distressed situations brings an added depth to our restructuring practice that few can tout, but he also strengthens our broader oil and gas advisory services,” Clements said in a statement.
Morris’ experience at JPM includes managing syndicated credit facilities for both public and private E&P companies, most of which were agented by JPM, while also serving as the workout credit officer on several other accounts. He also served on a team tasked with overseeing restructurings of oil and gas reserve-based loans (RBLs) and was responsible for adapting JPM’s credit guidelines for North American oil and gas RBLs to revisions made by the U.S. Office of the Comptroller of the Currency in 2013 and 2016.
Prior to JPM, Morris served in corporate banking and debt capital markets roles at CapitalOne and KeyBank. He began his career at GMAC Commercial Mortgage Corp. financing healthcare facilities, and subsequently served as a principal treasury analyst at Progressive Insurance Corp.
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