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Infrastructure & Project Finance
Steptoe has a well-developed project finance and infrastructure privatization practice that covers a broad range of industries.
The firm and its individual attorneys have represented developers, lenders, equity investors, borrowers and governmental entities, both domestically and internationally, in project finance and infrastructure projects involving primarily energy generation, telecommunications, and natural resources projects.
Representative Matters
- Counsel to an international financing agency in connection with its proposed $105 million revolving credit facility to the Sakhalin II project, a new petroleum refining project in Sakhalin Island of Eastern Siberia
- Counsel to a Canadian satellite telecommunications provider in connection with a proposed multi-billion dollar satellite data transmission project
- Counsel to an international financing agency in connection with a hydroelectric power project in Armenia
- Counsel to an international development agency in connection with the project financing of a Russian telecommunications venture involving a US and Russian partner
- Counsel to the lender in connection with a major restructuring of the leveraged lease project financing of a $350 million newsprint plant facility, including several series of secured notes issues pursuant to a mortgage indenture
- Counsel to the developer in connection with a $5 billion satellite telecommunications communications project, involving a global network of satellites and related ground based telecommunications facilities
- Counsel to the developer, in its role as prime contractor, in connection with a planned multi-billion dollar broadband telecommunications project, involving a global network of low earth orbit communications satellites and related ground-based telecommunications facilities and equipment
- Counsel to a Caribbean government in its negotiations with an independent power producer, owned by United States and Caribbean parties and involving approximately $770 million of financing, which has become insolvent
- Counsel to the developer in connection with an independent power project joint venture involving development of a $180 million power plant. This representation included the drafting and negotiation of numerous project documents, including power plant construction documents, an electric power purchase agreement, a steam sale agreement, and long-term coal, waste-coal and limestone purchase contracts. It also included complex structuring, drafting and negotiation of bank construction financing, standby letters of credit, and several series of tax-exempt public bond offering documents pursuant to an indenture
- Counsel to a joint venture company comprised primarily of large western oil companies in connection with the $300 million project financing of an oil and gas exploration, production and export venture in Russia
- Counsel to a major Finnish construction company in connection with various projects in the United States, including the development of a major condominium and apartment project in Louisville, Kentucky, financed by the Finnish Export Bank with a guarantee from the company
- Counsel to an international investment guaranty agency in connection with its guarantee of a loan by a consortium of US and Western European banks to finance a housing project developed by the Government of Senegal
- Counsel to a major international construction company that received financing from the European Bank for Reconstruction and Development in connection with a joint venture to retrofit Russian railroad cars and tankwagons with heating systems
- Counsel to a large Japanese manufacturing company, in connection with its worldwide joint venture with a major US corporation establishing manufacturing facilities in Japan, the United States, and Luxembourg, and sales arrangements throughout the world for a plastics product line project
- Counsel to an African country's telecommunications office in the formation of a joint venture entity, privatizing certain cellular telecommunications infrastructure assets
- Counsel to the US subsidiary of a Finnish construction company in connection with its proposed acquisition of an interest in a joint venture partnership formed to invest in a $400 million downtown redevelopment project in Indianapolis
- Counsel to a major pipeline company in a joint venture with a large oil company for the operation of a pipeline and in representing the pipeline company as a participant in a joint venture to build, finance and operate a multi-billion dollar natural gas pipeline in Canada and the United States
- Counsel to developers in connection with the privatization of electric power generation in the Mamonal project in Colombia
- Counsel to a European telecommunications company and its consortium in the proposed privatization of the principal Russian telephone company
- Counsel to an Eastern European government in connection with the creation of its national privatization program
- Counsel to a telecommunications company during the privatization of Venezuela's telecommunications system, particularly with respect to the creation of the Venezuelan communications regulatory system
News
Publications
- October 18, 2006
- October 18, 2006
