Barry D. Drees

Of Counsel

Overview

Barry Drees is a seasoned lawyer who handles financial and real estate matters on behalf of clients with a Texas connection in a wide range of industries. He has significant experience involving financial matters including:

  • Unsecured and secured lending
  • Public and private debt placements
  • Single and multi-lender loans
  • Syndicated credits
  • Participated credits
  • Secured credits relying significantly upon collateral, such as real estate, accounts receivable, inventory and equipment, and oil and gas

Barry has represented the following clients in major financings, such as revolving credit facilities, term facilities and senior secured notes facilities:

  • Southcross Energy LLC
  • Southcross Energy Partners LP
  • Brazos Sandy Creek Electric Cooperative Inc., a wholly owned subsidiary of Brazos Electric Power Cooperative Inc.
  • Brazos Electric Power Cooperative Inc.
  • Denton County Electric Cooperative Inc. (DBA CoServ Electric)
  • CoServ Gas Ltd.
  • Essilor of America Inc.
  • Foxworth Galbraith Lumber Co.
  • Texas Industries Inc.

In the real estate area, Barry concentrates on the acquisition, disposition, leasing and financing of existing and to-be-developed income-producing properties. He frequently serves as special Texas counsel in connection with corporate and real estate-related financing transactions, generally involving Texas business organizations law, Texas real estate and mortgage law, and the Texas Uniform Commercial Code, including the rendering of document-mandated closing opinions. He has also served as lender’s counsel for major national banks and other financial institutions.

Professional Affiliations

  • Member, State Bar of Texas
  • Member, American Bar Association
  • Member, Dallas Bar Association
  • Life Fellow, Texas Bar Foundation
  • Life Fellow, Dallas Bar Foundation
  • Member, Texas Association of Bank Counsel
  • Member, Texas Business Law Foundation
  • Member, Dallas Area Real Estate Lawyers Discussion Group

Community Involvement

  • Member, Advisory Board, Dallas Women’s Foundation
    • Former Co-Chair
  • Former Board Member, Executive Committee Member and Board Chair, Greater Dallas Council on Alcohol and Drug Abuse
  • Former Member and Chair, Board of Trustees, The Ursuline Academy of Dallas
  • United Way of Metropolitan Dallas
    • Former Chairman, Allocations Panel 1
    • Former Member, Community Investment Committee
    • Former Member, Community Allocations Committee
    • Former Member, Admissions Committee
    • Former Member, Membership Committee
  • Former Firm Representative, Dallas Citizens Council
  • Former Firm Representative, Dallas Partnership
  • Former Board Member and Development Committee Chair, American Heart Association, Texas Affiliate
  • Former Board Member and Board Chair, American Heart Association, Dallas Division
  • Former Board Member, Executive Committee Member and Public Safety Committee Chair, Central Dallas Association

Honors & Awards

  • Recognized, Texas Super Lawyers, a Thomson Reuters business, as published in Texas Super Lawyers​ Magazine (2005-2007)
    • Banking
    • Real Estate
    • Business/Corporate
  • Recognized, AV® Preeminent™ 5.0 out of 5 Peer Review Rated, Martindale-Hubbell® PEER REVIEW RATINGS™

Education

  • J.D., Georgetown University Law Center (1970)
    • Managing Editor, Georgetown Law Journal
  • B.S., The University of Alabama (1965)
    • Commerce and Business Administration

Admissions

  • Texas (1970)

Representative Matters

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Representation of Linens ‘N Things, a national retail chain, in its Chapter 11 proceedings
Representation of the Official Committee of Unsecured Creditors in Chapter 11 proceedings of TriDimension Energy, an exploration and production company headquartered in Dallas
Represented the borrower and affiliated entities in the financing arrangements for corporate health care acquisition by a private equity firm of the controlling ownership interest

Capabilities