Cases
Representative Matters: Energy
International Power Projects: Representing Compass Energy Platform, a clean energy development
financing platform, in connection with the development of a microgrid to produce
distribute electricity to offtakers in an Opportunity Zone.
Representing RAV Bahamas Limited, a real estate development
construction company, focused on the Caribbean, in the development, financing, construction, operation
refinancing of its 10MW natural gas-fired power plant serving the isl
of North Bimini
work included advising on the issuance of the first Authorized Public Electricity Supplier License from the Bahamian Utility Regulatory
Competition Authority to a private power generation developer/operator in the Bahamas.
Represented the Minister of Finance in the creation of a private power program for the Republic of Indonesia, including implementing regulations
a st
ard form power purchase agreement
related project
financing documentation. Represented PT Perusahaan Listrik Negara (PT PLN 0- Indonesia's electric utility company) in the development
financing of the 2x615 MW-coal fired power stations at Paiton I
Paiton II from inception to financial close.
Represented the International Finance Corporation (IFC) in its first private power projects in the Czech Republic (the $405 million, 343MW coal-fired Kladno Power Project)
the Cote d'lvoire (gas fired 420MW Azito Power Project).
Represented the Minister of Electricity in connection with the documentation
negotiation of various turbine purchase
maintenance contracts with General Electric
Siemens Power Systems. Also advised the Ministry with respect to various other generation, distribution,
transmission projects related to the reconstruction of Iraq's national power system.
Worked with a team to create
structure a private power program for the Government of the Gambia, including the creation of suite of project
supporting financing documents to be tendered to potential private power producers.
Represented Toshiba in connection with the development
financing of a potential 900MW wind farm in West Crimea, Ukraine.
Public Private Partnerships: Drafted the primary concession agreement between the Government of the Virgin Isl
s
Diageo USVI Inc. enabling the construction of a new distillery for the manufacture of rum to be used in the production of all Captain Morgan products sold in the United States. Work included structuring of transaction
testifying before USVI Legislature regarding the new laws to be enacted to permit novel Public Private Partnership arrangements.
Advised the California State Parks Department on the creation of a new Public-Private Partnership program enabling the monetization
unlocking of unrealized value in California State Park assets.
Represented the group of senior lenders to Long Beach Judicial Partners, LLC in connection with a $441.5 million mini-perm construction financing for the New Long Beach Courthouse PPP Program in Long Beach, California. This was the first social infrastructure transaction closed in the United States relying on an availability payment structure.
Represented senior credit providers with respect to the restructuring
refinancing of the Citifield Ballpark bond financing to facilitate the redevelopment of the Willets Point area surrounding the Ballpark.
Represented the City of Gary in the structuring of a public private partnership for the City of Gary
the Gary International Airport Authority. This PPP project combined airport operations, infrastructure rehabilitation
commercial retail development on real estate owned by
surrounding Gary International Airport.
Represented International Finance Corporation
the Government of Haiti with respect to the structuring
implementation of a public-private partnership for the rehabilitation
operation of the port of Cap Haitien, Haiti. This project included the review of current Haitian legislation
existing port contracts
working with the Haitian Government, the IFC
the US Agency for International Development to create a PPP structure that permits a bankable
sustainable expansion of an underutilized port in North Haiti.
Sports Finance: Represented Ambac Assurance Corporation, a monoline insurance company as bond insurer, swap insurer
swap provider in the $180 million synthetic fixed-rate, commercial paper based financing arranged by Fleet National Bank for the construction of Lincoln Financial Field, a new stadium in Philadelphia, Pennsylvania for the Philadelphia Eagles. Involved in all aspects of structuring this construction financing, including league issues
city leasing concerns.
Represented Ambac Assurance Corporation
Assured Guaranty, Inc. as bond insurers
swap providers in the $349 million taxable
tax-exempt bond issuances in respect of the construction
subsequent leasing of the new downtown Louisville Arena (the KFC Yum! Center) by the Louisville Arena Authority to the University of Louisville Cardinals Mens'
Womens' basketball programs.
Represented Ambac Assurance Corporation
Assured Guaranty, Inc. as bond insurers, swap insurers
swap providers on numerous tranches of public
private debt (including New York PILOT Bonds) issued for the construction
subsequent refinancing of new baseball stadiums for the New York Mets
the New York Yankees.
Represented the acquiring ownership group with respect to National Football League consents
approvals
various stadium-related issues in connection with the purchase of the NFL's Atlanta Falcons from The Five Smiths, Inc.
Represented Ambac Assurance Corporation, a monoline insurance company as bond insurer in the limited recourse $42.5 million synthetic fixed, auction rate bond financing underwritten by UBS Paine Webber Inc. for the renovation
expansion of America West Arena in Phoenix, Arizona
Represented Ambac Assurance Corporation, a monoline insurance company as bond insurer
swap insurer in the $282 million synthetic fixed rate, auction rate bond financing for the construction of Gillette Stadium, home of the New Engl
Patriots, in Foxborough, Massachusetts. Involved in all aspects of structuring this transaction
its subsequent refinancings, recognized as the first full private stadium financing permitted by the NFL
utilizing private, public
league-provided funds.
Represented Ambac Assurance Corporation, a monline insurance company as Bond Insurer, Swap Insurer
Swap Provider in the $190,000,000 synthetic fixed rate, commercial paper-based financing being arranged by Fleet National Bank for the refinancing of Invesco Field at Mile High Stadium in Denver, Colorado for the Denver Broncos.
Represented the San Francisco 49ers with respect to the structuring of its private stadium company financing
its relationship with Santa Clara Stadium Authority.
Represented Ambac Assurance Corporation, a monoline insurance company as bond insurer
swap provider in several rounds of public
private financings for the construction of a new stadium for the Dallas Cowboys in Arlington, Texas. Issues resolved included the sale of seat licenses, Texas real property security issues related to club seats
suites, sale of naming, advertising
sponsorship rights
NFL funding concerns.
Represented Ambac Assurance Corporation, a monoline insurance company in the $380 million construction bond financing for a new Busch Stadium for the St. Louis Cardinals baseball team. The transaction, originally structured as a leveraged lease financing, was comprised of various types of debt, including a $200.5 million privately placed BBB- bond offering that was raised to AAA by a credit wrap from Ambac, a $45 million loan from St. Louis County, $90 million in funding from the Cardinals ownership group
approximately $45 million in state tax credit financing.
Represented owner of the NASL's San Antonio Scorpions soccer team with respect to the sale of the franchise
associated soccer-specific stadium in San Antonio, Toyota Field to the San Antonio Spurs organization.
Represented a national bank as syndicate member of the $265 million senior secured credit facility in connection with the construction of a new Downtown Arena for the Sacramento Kings.
