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About Shannon

Shannon Baldwin represents privately owned and publicly traded companies in securities matters, capital markets, corporate governance, joint ventures, mergers and acquisitions, and master limited partnership (MLP) dropdown transactions. In addition, she represents companies in equity and debt offerings, including public and private issuances and private investment in public equity (PIPE) transactions.

Experience

Recent Notable Matters

TC Energy Corporation — pending $1.14 billion divestiture of Portland Natural Gas Transmission System to funds managed by BlackRock and Morgan Stanley Infrastructure Partners

Evergy, Inc. — represented the initial purchasers on the 144A offering of $1.4 billion of this issuer's convertible notes in December 2023

Apache Corporation — $235 million public offering of common stock

Phillips 66 — $3.8 billion acquisition of all of the publicly held common units of DCP Midstream, LP in a cash for unit merger transaction

Phillips 66 — realignment of its economic and governance interests in DCP Midstream, LP and Gray Oak Pipeline, LLC through the merger of existing joint ventures owned by Phillips 66 and Enbridge Inc.

Titus Oil & Gas Production, LLC and Titus Oil & Gas Production II, LLC — $627 million divestiture of New Mexico assets located in the northern Delaware Basin owned by Titus Oil & Gas Production, LLC, Titus Oil & Gas Production II, LLC, and their affiliates to Earthstone Energy, Inc. (NYSE:ESTE). The aggregate purchase price consists of $575 million in cash and approximately 3.9 million shares of Earthstone’s Class A common stock valued at $52 million based on a closing share price of $13.51 on June 24, 2022.

DTE Energy Company — underwriters’ counsel in offering of $750 million of senior notes

PPL Electric Utilities Corporation — remarketing of $90 million aggregate principal amount  of Pennsylvania Economic Development Financing Authority Pollution Control Revenue Refunding Bonds (PPL Electric Utilities Corporation Project)

PPL Electric Utilities Corporation — $250 million offering of first mortgage bonds

DTE Energy Company — underwriters’ counsel in offering of $230 million of junior subordinated debentures

Evergy Kansas Central, Inc. — counsel for the underwriters in the offering by Evergy Kansas Central, Inc. (formerly Westar Energy, Inc.) of $500 million of first mortgage bonds

DTE Electric Company — underwriters counsel in offering of $1.1 billion of mortgage bonds

Underwriters for Veritex Holdings, Inc. — $75 million offering of fixed-to-floating rate subordinated notes

Woodforest National Bank — proposed sale of its asset-based and equipment finance lending businesses, including $504 million loan portfolio, to Sterling National Bank

Prosperity Bancshares, Inc. — $2.1 billion acquisition of LegacyTexas Financial Group, Inc., which is the second largest bank merger in the history of Texas. Awarded 2020 M&A Transaction of the Year by The Texas Lawbook and the Houston Chapter of the Association of Corporate Counsel.

Credentials

Education

South Texas College of Law Houston,
J.D.
2018
summa cum laude
Trinity University,
B.A.
2012

Bar Admissions

Texas

Affiliations

American College of Investment Counsel
Fellow

News

News

Insights

Noteworthy

Noteworthy

The Legal 500 United States
Energy Transactions: Electric Power, 2024 (Rising Star, 2024)
BL Rankings
Best Lawyers
Ones to Watch, Banking and Finance Law, 2023 - 2024
Lawdragon Inc.
Lawdragon 500 X - The Next Generation
Corporate & Securities, 2023 - 2024
South Texas College of Law
South Texas Law Review
Managing Editor