Areas of Concentration

Banking and Finance. Representation of financial institutions, corporate clients and private equity sponsors in a broad range of banking and finance transactions, including secured and unsecured term loan and revolving credit facilities, letters of credit, asset-based and cash-flow lending, second lien and mezzanine financings, leveraged buyouts, acquisition financing, leveraged lease transactions, asset securitization, leveraged recapitalizations and Rule 144A senior and subordinated debt offerings.

Project Finance. Project financing of foreign and domestic power production facilities, industrial plants and other infrastructure projects.

Utility Finance. Extensive experience in structuring financing transactions for public utility companies, power generating companies and their respective affiliates, including credit enhancement for taxable and tax-exempt pollution control revenue bonds, nuclear fuel lease financings, nuclear power plant sale/leaseback transactions and commercial paper programs.

Professional Activities

Co-Chair, Banking and Financial Services Group
Law Clerk to the Hon. Eric G. Bruggink, United States Claims Court, Washington, D.C. (1987-1988)
Member of the Working Group on Legal Opinions
Member of Project Finance Committee of the Association of the Bar of the City of New York

Highlighted Matters

Representation of AMC Networks Inc. as underwriters' counsel in connection with AMC's $800 million senior notes offering and represented the joint lead arrangers, administrative agent and collateral agent in connection with AMC's $1.25 billion senior secured credit facility.
Represented Wafra Capital Partners Inc. in a $75 million Sharia-compliant sale-leaseback facility for a subsidiary of Triple Point Capital, a global financing provider serving venture capital-backed companies.
Represented Wafra Capital Partners Inc. in $15 million and $30 million Sharia-compliant sale-leaseback facilities for subsidiaries of Anchor Loans LP, a direct private money lender to the real estate industry.
Represented a subsidiary of Anchor Loans LP, a direct private money lender to the real estate industry, in a $50 million revolving credit facility with Irish company US Direct Loans as lender and U.S. Bank National Association as arranger.
Representation of Merck & Co., Inc. in connection with an $8 billion unsecured bridge loan facility provided by JPMorgan Chase Bank, N.A. used to finance the acquisition of Cubist Pharmaceuticals, Inc.
Representation of JPMorgan Chase Bank, N.A., as administrative agent and joint lead arranger, in connection with a $1.3 billion senior secured revolving credit and term loan facility for CBS Radio Inc. in connection with its separation from CBS Corporation.
Representation of The Madison Square Garden Company in connection with a $122 million senior secured term loan and revolving credit facility provided by Goldman Sachs Specialty Lending Group, L.P. utilized to finance MSG’s acquisition of a majority ownership interest in restaurant and night club operator The Tao Group.
Representation of Brambles Ltd. in connection with senior secured credit facilities utilized to finance its joint venture with Hoover Container Solutions, including a $255 million senior secured first lien term loan and revolving credit facility and a $150 million second lien term loan facility.
Representation of a club group of eight commercial banks, including Mizuho Bank, Ltd., Bank of America, N.A. and PNC Bank, N.A. as administrative agents, in connection with $6.2 billion senior unsecured syndicated credit facilities for FirstEnergy Corp. and certain of its subsidiaries.
Representation of lead agent and co-arrangers in connection with a $950 million term loan facility for CMS Energy Corporation to finance the acquisition of Panhandle Eastern Pipe Line Company, Panhandle Storage Company, and Trunkline LNG Company from Duke Energy Corporation.
Representation of MUFG Union Bank, N.A., as lead agent, in connection with the acquisition financing of approximately 20 power generation plants acquired by CMS Generation Co. from Niagara Mohawk Power Corporation.
Representation of MUFG Union Bank, N.A., as administrative agent and lead arranger, in connection with a $33 million project financing of a 40 MW wind power electric generating facility located in Judith Basin County, Montana for a subsidiary of Compass Wind Projects, LLC.
Representation of private equity firm Kenner & Company, Inc. in connection with a $75 million senior secured revolving credit and term loan facility and $375 million second lien bridge loan facility used to finance the acquisition of Dynacast.
Representation of MUFG Union Bank, N.A. in connection with a $48.1 million senior secured revolving credit and term loan facility for MoGas Energy, LLC and MoGas Pipeline, LLC, a natural gas pipeline company owned by Energy Investors Funds.
Representation of Greenbriar Equity Group LLC and GWP Holdings, LLC in connection with a revolving credit and term loan facility provided by HSH Nordbank AG used to finance the acquisition of Western Peterbilt, Inc. and Western Truck Parts & Equipment Company LLC.
Representation of The Royal Bank of Scotland plc, as agent and letter of credit issuer, in connection with a $303.5 million syndicated letter of credit facility for MidAmerican Energy Holdings Company, used to support the equity contribution obligations of one of MidAmerican Energy’s subsidiaries for the Agua Caliente Solar, LLC 290 MW photovoltaic solar power project in located in Yuma, Arizona.
Representation of MUFG Union Bank, N.A., as lead agent, arranger and letter of credit issuing bank, in connection with a $198 million syndicated letter of credit facility supporting equity interests in the sale/leaseback of a nuclear power plant leased by System Energy Resources, Inc.
Representation of North Mill Capital LLC, Monitor Clipper Partners and ALDA Capital, LLC in connection with an asset-based revolving credit facility provided by Israel Discount Bank of New York used to finance the acquisition of Summa Capital Corp.
Representation of J.W. Childs Associates, L.P. in connection with a $90 million asset-based term loan and revolving credit facility for BEC Acquisition Corp. provided by Banque Nationale de Paris to finance the acquisition of Beltone Electronics Corporation.
Representation of a senior lender in connection with the $136.8 million project financing of a 180-megawatt natural gas-fired cogeneration plant located in the Republic of Turkey.
Representation of MUFG Union Bank, N.A., as collateral agent and letter of credit issuing bank, in connection with a $1.1 billion project financing for Longview Power, LLC of a 695 MW coal-fired power generation facility in Monongalia County, West Virginia.
Representation of administrative agent and letter of credit issuing bank in connection with a $47 million project financing for Cadillac Renewable Energy LLC, the owner of a 39.6-megawatt wood-fired power generation plant located in Michigan.
Representation of MUFG Union Bank, N.A. and KeyBank National Association as joint lead arrangers of a project financing including a $200 million revolving credit facility to finance the development of the Bull Mountain coal mine in Montana and a separate $75 million revolving credit facility utilized to develop a 35-mile rail spur to transport coal from the mine to coal-fueled power plants owned by subsidiaries of FirstEnergy Corp.
Representation of lead agent and arranger in connection with a $100 million project financing of a private toll road in California.
Representation of JPMorgan Chase Bank, N.A., as lead agent and arranger, in connection with a $1.13 million multiple-tranche term loan and revolving credit facility for a major U.S. public utility holding company.
Representation of MUFG Union Bank, N.A., as lead agent and arranger, in connection with two $37.5 million project financings for subsidiaries of Cogentrix Energy, LLC, to finance improvements at two coal-fueled cogeneration facilities located in Virginia intended to curb sulfur dioxide emissions at the facilities.
Representation of Barclays Bank PLC, as lead arranger and administrative agent, in connection with a $150 million secured revolving credit facility used to provide liquidity support for a commercial paper program utilized to finance the acquisition and processing of nuclear fuel leased by Centerior Fuel Corporation to certain subsidiaries of FirstEnergy Corp.
Representation of MUFG Union Bank, N.A., as tax-exempt administrative agent and arranger, in connection with the restructuring of a $300 million project financing for a 225-megawatt coal-fired cogeneration facility located in Logan Township, New Jersey.
Representation of MUFG Union Bank, N.A., as administrative agent and project agent, in connection with various amendments, consents and waivers to a $400 million project financing of a 424-megawatt natural gas-fired, combined cycle cogeneration facility located near Freeport, Texas. The transaction involved the sale by Dynegy Inc. of its 50 percent interest in such facility to General Electric Capital Corporation.
Representation of MUFG Union Bank, N.A., as administrative agent, collateral agent and lead arranger, in connection with a $90 million senior secured letter of credit and working capital facility for NRG Repowering Holdings LLC, a subsidiary of NRG Energy, Inc.
Representation of MUFG Union Bank, N.A. and Wells Fargo Bank, N.A., as agents and lead arrangers, in connection with $475 million of revolving credit facilities for Sierra Pacific Resources, Nevada Power Company and Sierra Pacific Power Company.
Representation of MUFG Union Bank, N.A., as lead agent and arranger, in connection with an $86 million secured turbine acquisition credit facility utilized to finance the purchase of three Mitsubishi M501F gas turbines for use in a U.S. power plant.
Representation of U.S. Bank National Association, as lead agent and arranger, in connection with a $225 million secured revolving credit and letter of credit facility for an international power development company and energy marketer.
Representation of ALSTOM Power Inc. in connection with a $200 million receivables securitization transaction pursuant to which the receivables of ALSTOM Power Inc. and its subsidiaries were sold to a commercial paper conduit in a three-tier securitization structure.
Representation of the lead agent in connection with the restructuring of the project financing for a wood-burning power plant located in New York State.
Representation of MUFG Union Bank, N.A., as lead agent and arranger, in connection with a $243.8 million project financing for AES Shady Point, LLC, the owner of a 320-megawatt coal-fired cogeneration facility located in Oklahoma.
Representation of MUFG Union Bank, N.A., as lead agent and arranger, in connection with a $22 million project financing for The PowerSmith Cogeneration Project, Limited Partnership, the owner of a 120-megawatt natural gas-fired combined-cycle cogeneration facility located in Oklahoma.
Representation of MUFG Union Bank, N.A., The Toronto-Dominion Bank and ABN AMRO Bank, N.V. in connection with the purchase of $70 million of secured lease obligation bonds issued to finance the sale/leaseback of a power plant leased by Tucson Electric Power Company.

Firm Advises on Matter Shortlisted for Global Restructuring Review Awards

Steven J. Greene

Partner

Areas of Concentration

Professional Activities

Highlighted Matters