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Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Email:
Web:
www.shearman.com

Paul Epstein

Tel:
Work +1 212 848 5266
Email:
Shearman & Sterling LLP

Work Department

Project Development & Finance

Position

Partner

Career

www.shearman.com/pepstein/


United States: Finance

Project finance

Within: Project finance

Shearman & Sterling LLP has particular expertise in energy and infrastructure sector project finance mandates. Department head Gregory Tan advised Rose Capital Investment, alongside a cross-jurisdictional team, on its co-investment with the Development Bank of Japan, Highstar Capital and Ares Management for the acquisition of the Linden Power Project in New Jersey, and Alexandro Padrés acted for the commercial and development banks, including Bancomext, BBVA, Caixa, EIB, IDB, IDB Invest, MUFG and Natixis, in connection with the $1bn Enel Green Power portfolio project financing of three solar photovoltaic plants in Mexico. Elsewhere, Robert Freedman, who is focused on US power and renewables transactions, advised GE Capital EFS Financing as administrative agent, collateral agent, joint lead arranger, sole bookrunner and a lender, on the financing for the construction of the Persimmon Creek Wind Farm, a 200MW wind power generation facility located in Ellis, Woodward and Dewey Counties, Oklahoma. Cynthia Urda Kassis, who heads the metals and mining practice, and recently promoted partner Paul Epstein are acting for the US Department of Transportation, through the Federal Highway Administration, as transactional counsel in relation to a senior secured loan as part of the $2bn I-10 Mobile River Bridge and Bayway Widening P3 project in Alabama. Denise Grant is also a key figure. Named lawyers are based in New York. Patricia Hammes recently retired.

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United States: Industry focus

Energy: renewable/alternative power

Within: Energy: renewable/alternative power

Shearman & Sterling LLP handles project finance, investment and development mandates across a range of renewables projects including biofuel, biomass, fuel cell, geothermal, hydro, solar and wind. Further, the team has experience of environmental regulation and disputes, and has also been involved in federal green building initiatives. The New York-based global project development and finance group is led Gregory Tan, and includes Robert Freedman and Alexandro Padrés. Padrés led a cross-office team that advised a synidcate of lenders including Bancomext, BBVA, Caixa, EIB, IDB, IDB Invest, MUFG and Natixis on the financing arrangements with Enel Green Power for three solar photovoltaic plants in Mexico. Paul Epstein was recently promoted to a partner; Patricia Hammes and Howard Steinberg retired.

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Energy: transactions: conventional power

Within: Energy: transactions: conventional power

Shearman & Sterling LLP is instructed by power developers, energy companies and contractors, equipment suppliers, investment banks, institutional investors and other financial institutions. The US power team is primarily based in New York and includes Robert Freedman, who acts as global co-head of the sustainable development group and energy group, and Gregory Tan, who leads the project development and finance group. Recent highlights included the team acting for BNP Paribas Securities, Citigroup Global Markets, JPMorgan Chase, Sumitomo Mitsui Banking Corporation and The Bank of Nova Scotia, as joint lead arrangers and joint bookrunners, in connection with a financing transaction with Cometa Energía, which involved a secured debt offering and a credit facility to finance its $1.3bn acquisition of the InterGen portfolio of energy assets in Mexico. Paul Epstein was promoted to a partner and Helen Cook left the firm to become an independent legal consultant in nuclear energy. Further, Patricia Hammes and Howard Steinberg retired from the New York office.

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