Project & Infrastructure Finance

Around the world, Squire Sanders lawyers have worked closely with clients on large projects requiring extensive experience in structuring and negotiating project financing, including analyzing, preparing, and negotiating all related documentation, including commitment letters, loan agreements, security documentation, trust agreements, and other finance-related documentation. We have experience working with the leading financial advisors, commercial banks, investment banks, export credit agencies, and multilateral financial institutions and bring that to bear when serving as legal counsel.

Squire Sanders lawyers have assisted private entities and governmental bodies in planning, financing, and implementing infrastructure projects including airports, ports, railways, roadways and mass transit systems, communications, health care, education and privatization. Our lawyers have also been involved in project financing aspects of energy projects, professional sports stadiums, museums, urban development projects, waterfront development and marina projects, port projects, housing projects, manufacturing facilities and mixed use entertainment/retail facilities.

Practice Expertise

• Airports & Transportation
• Energy
• Hotels & Convention Centers
• Infrastructure Finance
• Sports & Leisure Facilities

Representative Experience

• Advising EBRD/Galnaftogaz in its US$25 million loan to a Ukrainian oil refining company for the purpose of expanding its filling station network.
• Serving as bond counsel to the Tucson Airport Authority in connection with the issuance of US$32 million of Subordinate Lien Airport Revenue Bonds to finance concourse improvements.
• Advising an electricity generator in the Slovak Republic on various aspects of its approximately US$1 billion privatization, which included disposal of power generating and nuclear decommissioning assets, negotiations with institutional lenders and corporate governance. The three debt financing deals involved in this matter are believed to be the largest corporate debt ever completed in that country.
• Serving as bond counsel in connection with the issuance by Miami-Dade County (Florida) of its US$186.4 million Transit System Sales Surtax Revenue Bonds to finance transportation and transit projects in the county.
• Serving as bond counsel in connection with the issuance by Lee County, Florida of its US$37.8 million Airport Revenue Refunding Bonds to refinance certain improvements to Southwest Florida International Airport. The bonds are secured by a pledge of net revenues from the operation of the airport.
• Serving as underwriters' counsel in connection with the issuance and sale of US$211.7 million of certificates of participation to finance a portion of the cost of design and construction of a new psychiatric hospital on the campus of St. Elizabeth's Hospital in the District of Columbia and of acquisition and renovation of an existing building to house the headquarters and a full-service location of the District's Department of Motor Vehicles.
• Advising sponsor in connection with the development and construction finance of an ethanol biorefinery in Ohio.
• Serving as bond counsel to Western Reserve Port Authority for the development of a privately-owned rail-served landfill (to receive municipal solid waste and construction and demolition debris) to be located in Mahoning County, Ohio.
• Serving as bond counsel to the District of Columbia on the financing of the new baseball stadium for the Washington Nationals. The bonds included both taxable and tax exempt issues aggregating US$534.8 million. The overall cost of the project, including renovation of the existing RFK Stadium, is estimated at US$631 million.
• Serving as bond counsel to the Puerto Rico Electric Power Authority in connection with interim financings for capital improvements and working capital.