Representative Experience

• Advised KeyBank National Association, a commercial bank and trust company, in its capacity as Administrative Agent and a lender, as well as KeyBank Capital Markets and City National Bank, as joint lead arrangers, on a loan to Scale Microgrids for a US$225m first-of-its-kind, non-recourse project finance debt facility.
• Represented a client in a term loan and LC loan facility in the aggregate principal amount of US$68,218,294.04 to be used (i) with respect to the term loan, the acquisition by an affiliate of the borrowers of solar projects located in Massachusetts, New York, and Minnesota and (ii) with respect to the LC loan, the funding of the debt service and the issuance of project-level decommissioning LCs.
• Represented a commercial bank as an administrative agent and lead lender in a US$26m construction loan facility. The construction loan facility was taken out and replaced by a US$57m sale-leaseback investment with the same national bank. In the same transaction, subsequently, we represented Fifth Third Bank and M&T Bank in a syndication of the sale-leaseback tax equity investment.
• Represented a super-regional U.S. financial institution as the lead arranger and administrative agent in a $140m syndicated construction and term debt financing for a portfolio of utility-scale and community solar energy generation projects located in five states across the United States, including a refinancing of the facility to add 10 additional projects and complex interparty negotiations with an institutional tax equity investor in the projects.