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Steptoe LLP

Steptoe LLP

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United States • Finance

5

Project finance

Regularly acting for sponsors, developers, tax equity investors and public-sector bodies, Steptoe LLP maintains a strong profile in the energy and infrastructure space. Leadership of the team is shared between Washington DC-based Daniel Mullen and Timothy Moran, together with New York partner Philip Corsello. Moran is particularly active on solar developments and both onshore and offshore wind projects. Corsello, meanwhile, draws on extensive experience advising on project construction and mini-perm financings, build–transfer structures and transactions aligned with green loan principles. Also in Washington DC, Bradford McCormick is a key partner for strategic domestic and cross-border investments, as well as debt and equity financings and complex contractual arrangements.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Billing & efficiency
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is well experienced across a range of different infrastructure industry sectors and loan formats.’
  • ‘The team is efficient and confidently knowledgeable in the project finance market. They understand the underlying risks and mitigants associated with a project, which improves documentation drafting.’

Key clients

  • Natixis Corporate & Investment Banking
  • KeyBanc Capital Markets Inc.
  • Luma Energy
  • First-Citizens Bank & Trust Company
  • Vantage Infrastructure USA Inc.

Work highlights

Represented Natixis, New York Branch as the lenders, as well as the arrangers, agents, issuing banks and sustainability coordinator, in connection with the closing of a $2.5 billion Revolving Credit Facility in favor of Invenergy Renewables Operating I LLC (Invenergy).
Counsel to Vantage Infrastructure USA Inc. as arranger and lender in connection with a senior secured financing of FlashParking, Inc.’s, in particular its portfolio and development of electric vehicle charging and parking assets.
Counsel to KeyBank Capital Market as an arranger and green loan coordinator, as well as additional arrangers, agents, green loan coordinators and issuing bank in connection with a Green Loan Principles-aligned build-transfer project financing of a 265 MW wind farm.
Practice head

Daniel Mullen; Timothy Moran; Phil Corsello

Other key lawyers

Bradford McCormick

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