The securitization practice at Baker Botts L.L.P. is co-headed by Dallas-based Samantha Hale Crispin and Houston-based Natasha Khan, and is primarily engaged in energy-related ABS. The team was recently bolstered by the arrival of Cody Carper in Houston in February 2026.
Legal 500 Editorial commentary
Key clients
- Cleco Power LLC
- CenterPoint Energy Houston Electric, LLC
- Phoenix American Financial Services Inc.
- Sunnova Energy International Inc.
Work highlights
Advised Cleco Securitization II LLC, a wholly owned subsidiary of Cleco Power LLC, on its offering and sale of $305 million aggregate principal amount of its Series 2025-A Senior Secured Energy Transition Bonds.
Advised CenterPoint Energy Houston Electric, LLC in a registered public offering of “AAA” rated System Restoration Bonds relating to Hurricane Beryl, currently expected to be over $1.1 billion initial principal amount.
Represented Phoenix American Financial Services Inc. in connection with the ASSET 2025-1 and 2025-2 Aircraft Securitizations. These transactions involved novel changes to address issues with prior PFIC structures.
Lawyers
Firms to watch
Practice head
Samantha Hale Crispin; Natasha Khan
Other key lawyers
Travis Wofford; Jonathan Goldstein; Cody Carper