Power
The firm has represented project participants in all types of power projects in the U.S. and internationally. We represented equity participants in the $900 million project financing of a 500MW combined-cycle, gas-fired plant in Astoria, NY. We also represented AIG Highstar and Ontario Teachers’ Pension Plan in the $1.75 billion acquisition of InterGen N.V., a portfolio of 10 power plants (with a combined capacity of approximately 5500MW) located in six countries outside of the U.S. and owned by a joint venture composed of Shell and Bechtel (including a $1.1 billion financing). We also have extensive experience in restructuring the project debt and are currently representing a monoline insurer in the restructuring of the debt for a portfolio of energy projects.
Oil and Gas and Petrochemicals
We have represented lenders to and owners of oil and gas pipelines, production facilities and refineries, LNG facilities and petrochemical facilities throughout the world. We represented AIG in the $22 billion management buyout of Kinder Morgan, an equity investor in an offshore oil and gas entity, and a tranche of senior lenders in the financing of a $3.2 billion project to develop the Barracuda & Caratinga oil production facilities off the coast of Brazil.