DALLAS & HOUSTON--(BUSINESS WIRE)--Opportune LLP subsidiary, Dacarba LLC, is pleased to announce that David Morris has joined the firm as Managing Director to lead the Restructuring practice in Dallas, TX. Mr. Morris brings nearly 20 years of experience to the firm advising organizations and executing complex financings where his principal focus will be guiding companies through corporate restructurings, turnaround management, transactional due diligence and advising on Chapter 11 bankruptcies.
Prior to joining Dacarba, Mr. Morris was Executive Director in the Energy Finance group at JPMorgan Chase (JPM) where he led diligence for financings, structured credit facilities, negotiated legal documents and restructured distressed oil and gas loans. In this role, Mr. Morris managed 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 when the U.S. Office of the Comptroller of the Currency (OCC), an independent bureau of the U.S. Department of the Treasury, introduced leveraged lending guidance in 2013 and again in 2016 after the OCC revised its guidelines for oil and gas E&P lending.
“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,” said Sean Clements, Managing Partner of Dacarba LLC. “The Opportune team has extensive experience working with David and we are pleased to welcome David as another strong addition to our restructuring team and look forward to continuing to expand our presence in the Dallas-Fort Worth market.”
Prior to JPM, Mr. 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.
“Dacarba’s deep experience across many industry sectors make it one of the nation’s premier restructuring firms, and I’m excited about the opportunities,” added Mr. Morris. “With public and private companies facing enormous pressures, now is a time when thoughtful restructuring plans can make an immediate, lasting difference for clients.”
Mr. Morris holds a BS in Economics from Duke University and an MBA in Analytic Finance and Accounting from the University of Chicago Booth School of Business.
About Opportune LLP
Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services. Opportune’s service lines include complex financial reporting, dispute resolution, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax, transactional due diligence and valuation. For additional information, please visit www.opportune.com.
About Dacarba LLC
Dacarba LLC is a professional services firm headquartered in New York City. Dacarba works with management teams, boards of directors and other key stakeholders to navigate complex and challenging assignments and provides clients with comprehensive solutions. The firm’s core service offerings include complex financial reporting, litigation support and financial advisory, process and technology, restructuring, strategy and organizational design, tax and valuation. To learn more about Dacarba, please visit www.dacarba.com.