David Morris joined Dacarba, an Opportune subsidiary, as managing director to lead the firm’s restructuring practice in Dallas.
Morris has nearly 20 years of experience advising organizations and executing complex financings. 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, Morris was executive director in the energy finance group at JPMorgan Chase, where he led diligence for financings, structured credit facilities, negotiated legal documents and restructured distressed oil and gas loans. In this role, Morris managed syndicated credit facilities for both public and private E&P companies, most of which were agented by JPMorgan Chase, 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 JPMorgan Chase’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,” Sean Clements, managing partner of Dacarba, said. “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 JPMorgan Chase, Morris served in corporate banking and debt capital markets roles at CapitalOne and KeyBank. He began his career at GMAC Commercial Mortgage, financing healthcare facilities, and subsequently served as a principal treasury analyst at Progressive Insurance.
“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,” Morris said. “With public and private companies facing enormous pressures, now is a time when thoughtful restructuring plans can make an immediate, lasting difference for clients.”
Opportune is a business advisory firm specializing in the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services.
Dacarba is a professional services firm headquartered in New York City.
