Project and Asset Finance » Representative Transactions

202-megawatt coal-fired cogeneration plant
Joint venture
Logan Township, New Jersey

Representation of the developer/joint venture in connection with the development and project financing of a 202-megawatt coal-fired cogeneration plant located in Logan Township, New Jersey, including negotiation and documentation of a financing package for the joint venture that consisted of over $440 million of senior debt, $30 million of subordinated debt, and up to $90 million of tax-exempt bonds issued through certain New Jersey state agencies, and a full range of project development services, including negotiating major project contracts and providing certain regulatory, environmental, securities and tax advice or opinions to the joint venture.

180 MW electric generating facility
Underwriter's counsel
Allegheny County, Maryland

Representation of the underwriter in connection with a 180 MW electric generating facility in Allegheny County, Maryland, sponsored by an independent power producer and designed to sell electricity to a local utility and to produce carbon dioxide. The financing structure called for approximately $45 million of equity, $330 million of loans from a commercial bank group and $75 million of tax-exempt bonds. This engagement involved the negotiation of a set of intercreditor agreements between the bondholders and the bank group, as well as a set of intercreditor agreements between all senior creditors and the utility that purchased electricity from the project.

State Oil Company of Qatar
Term Loan Agreement
$864,000,000.00

Representation of the State Oil Company of Qatar in connection with the Term Loan Agreement between Qatar General Petroleum and several financial institutions to finance $864,000,000.00 in the form of a non recourse project finance arrangement.

1,200 ton-per-day waste-to-energy facility
Developer's counsel
Lancaster County, Pennsylvania

Representation of the developer of a 1,200 ton-per-day waste-to-energy facility in Lancaster County, Pennsylvania owned by the Lancaster County Solid Waste Management Authority which was financed with the proceeds of approximately $137 million of tax-exempt bonds issued as part of a financing, which also included approximately $45 million of tax-exempt bonds issued to finance construction of a landfill.

Hydroelectric power generation facility
Represented independent power producer
Brazil

Representation of an independent power producer in connection with its participation in a public auction for a hydroelectric power generation facility located in Brazil. Representation included corporate and tax structuring for ownership and financing of the project, negotiation of the joint venture agreement with the partner in the project, negotiation of the bridge financing documents, and preparation of the bid package.