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Norton Rose Fulbright US LLP

Michael E Pikiel

Tel:
Work 212-318-3134
Email:
Norton Rose Fulbright

Work Department

Infrastructure, Mining and Commodities

Career

http://www.nortonrosefulbright.com/people/90195


United States: Finance

Project finance

Within: Project finance

Washington DC-based Jeremy Hushon and New York-based Michael Pikiel (‘a strong negotiator’) led the ‘high-quality, cost-effective and very professional’ practice at Norton Rose Fulbright US LLP, before the firm’s high-profile combination with legacy firm Chadbourne & Parke LLP. The ‘first-rate’ practice arriving from Chadbourne, which ‘masters details without losing sight of practicalities’, was headed by the ‘very strongRohit Chaudhry and the ‘awesomeKeith Martin. The newly formed practice is strong across the board, advising sponsors and lenders on infrastructure, mining, conventional power, oil and gas, nuclear and renewable energy projects. From the legacy Norton Rose Fulbright US LLP team, the Washington DC-based Sarah Devine advised International Finance Corporation and Bank Audi on their $225m Islamic financing facility to Mass Global Energy to finance a 1,500MW power plant in the Kurdistan region of Iraq. Pikiel, who is ‘very strong all-round on PPP issues’, acted for Citigroup Global Markets and Barclays Capital as underwriters of Blueridge Transportation Group’s $300m bond issue, which is intended to finance the design, construction, maintenance and operation of toll lanes and related facilities to be constructed along part of Highway 288 in Harris County, Texas. On the equity investment side, Pikiel assisted Aldridge Electric and Alridge Freeway Lighting on their $50m investment in freeway improvements in the Metro Detroit area, as part of a PPP with Michigan State. The legacy Chadbourne group, in an illustration of its cross-border capabilities, advised the lenders to AES Corporation on the $1bn construction financing of an LNG-to-power project in Panama. Chaudhry and Noam Ayali (who are ‘very good at marshalling large bank groups for complex project financings’) acted for the lenders to Cheniere Energy Partners on €2.8bn-worth of credit facilities for the development of natural gas liquefaction facilities at the Sabine Pass LNG terminal, while Chaudhry acted for a syndicate of lenders on the $250m financing of Sunrun’s expansion into the solar sector. The New York office saw some changes in 2016: real estate specialist Jeffrey Escobar joined as counsel from Haynes and Boone, L.L.P., while project finance specialists Brian Greene and Michael Masri were made up to partner. The New York-based Benjamin Koenigsberg is also recommended.

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