Lori Ann Bean > Clifford Chance > Washington DC, United States > Lawyer Profile

Clifford Chance
2001 K STREET NW
WASHINGTON DC 20006-1001
United States

Work Department

Construction, Banking & finance, Energy & resources, Power & energy networks, Oil & gas, Transport & logistics

Position

Lori Ann Bean specialises in the development and financing of infrastructure and energy projects worldwide. Lori Ann has an extensive broad-based experience in project and acquisition finance, representing export credit agencies, multilateral development institutions and other governmental and commercial lenders, as well as project sponsors and other project participants.

Lori Ann advises clients in various other financing vehicles for infrastructure and energy transactions, including 144A offerings and other bond issuances, guarantee facilities, equity funds and corporate finance. Experience crosses a broad range of industry sectors, including power, oil and gas, transport infrastructure (airports, toll roads and rail), telecom and petrochemical

Lawyer Rankings

United States > Finance > Project finance

The team at Clifford Chance is truly international, with recognized expertise in offices across the US, Latin America and Europe. As a result, the firm is particularly strong in international project financings. On the lender side, the group regularly assists large investment banks in transactions relating to South American projects, while its sponsor side mandates include securing financing for waste, water treatment and paper production facilities. Lori Bean leads the team from Washington DC and is consulted by numerous agency lenders on infrastructure and energy project financings, while Catherine McCarthy works with commercial banks in international project and export finance transactions. At associate level, Alberto Haito is uniquely placed to advise on Latin America projects; he is admitted to practice in Peru as well as in New York. In January 2021, Gianluca Bacchiocchi and Guido Liniado left the New York team for Latham & Watkins LLP.

United States > Industry focus > Energy: renewable/alternative power

While Clifford Chance does handle some M&A work in the sector, its primary focus remains on the project finance front for a fairly balanced mix of commercial banks, development banks and export credit agencies.  Washington DC-based team head Lori Bean is the firm’s OPIC (now DFC) and US-Exim Bank relationship partner, and has consequently handled major project financing mandates throughout the globe, including numerous wind farm projects in Latin America and East Africa. Native Spanish speaking New York-based partner Hugo Triaca is a ‘star capital markets lawyer in Latin America‘ for both issuers and underwriters; he has been involved in many renewable energy-related financings in the region, including as it relates to green bonds.

Latin America: International firms > Projects and energy

Clifford Chance has been a dominant force in Latin America projects and energy for some years now, having leveraged its tight links to investment and commercial banks, development finance institutions (DFIs) and agency lenders, and a range of sponsors. The firm has particularly strong connections to the likes of IDB Invest and Goldman Sachs. It has also been at the forefront of project bonds and multi-source financings, though the recent departures of Gianluca Bacchiocchi and Guido Liniado represent a blow to this side of the practice. Despite this, it continues to receive engagements in private placement financings and refinancing. The firm has impressive deal flow in most of the major economies in Latin America, including Brazil, Colombia and Mexico, along with a tremendous record in smaller markets such as Honduras, El Salvador and Guatemala. Fabricio Longhin is at the forefront of infrastructure financings and PPPs, most notably in Colombia, Peru, Paraguay and other jurisdictions, while remaining active in renewable energy financings in Chile and elsewhere. Lori Ann Bean is key to agency and DFI relationships, including IDB Invest and IFC. Catherine McCarthy  is also key to connections with multilateral agencies and export credit agencies (ECAs), along with a number of commercial banks. New York’s Hugo Triaca is key for bond and private placement financings; while both Jessica Springsteen (who made partner in May 2021) and counsel Alberto Haito, continue to impress. However, New York-based Chris Willott , who focuses on Brazil project financings, left in August 2021. All named individuals are based in Washington DC unless stated otherwise.

Latin America: International firms > Banking and finance

Clifford Chance has a distinctive banking and finance practice with Latin America-facing teams in Sao Paulo, Madrid, New York and Washington DC, among other offices. The group covers a wide-range of financings, most notably project finance, acquisition finance, trade finance, corporate lending and restructurings. The firm benefits from extensive connections to multilateral agency lenders, export credit agencies (ECAs) and DFIs, while maintaining strong relationships with commercial banks and Latin American corporate borrowers. In 2020, the firm remained especially active in restructurings, bankruptcies, refinancings and Covid response financings. Acquisition finance and general corporate lending continued to be buoyant. Washington DC partner Fabricio Longhin is a leading figure in Latin America project finance, frequently acting for multilateral agency lenders, DFIs and commercial lenders. Washington DC partners Catherine McCarthy and Lori Bean  are also key names in representing agencies and DFIs in Latin America financings, while Jennifer DeMarco has an excellent record in restructurings in the region. Andrew Young has been elevated to partner status. Named individuals are based in New York unless stated otherwise. However, Gianluca Bacchiocchi and Guido Liniado joined Latham & Watkins LLP (January 2021); while Christopher Willott, who focuses on Brazil financings, moved to Arnold & Porter in August.