Shearman & Sterling LLP

Projects Department

USA - Nationwide
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What the team is known for Broad projects practice, able to assist clients across the full gamut of energy project finance and development matters. Active for both lenders and sponsors on a wide range of domestic and international energy projects. Well regarded for its strength in mining work across the globe. Assists both borrowers and traditional and alternative financiers in financing matters throughout the Americas and Africa. Adept at areas as diverse as gas power station financing and transportation matters in the PPP space. Also recognized for downstream oil and gas facility financing.

Strengths A client reports: "They are good at representing commercial lenders' interests."

Another source says: "The caliber of the work we get from the team is extremely sophisticated."

Commentators says: "One of their many strengths lies in government matters as they relate to PPP."

An impressed client says: "The team is very professional. They're attentive, kind and very polite."

Another source adds: "They are becoming a real force in the oil and gas space."

Work highlights Advised Orion Mine Finance Group and Blackstone Tactical Opportunities in connection with the Fruta del Norte gold and silver mining project in Ecuador on the negotiation of the intercreditor agreement and other arrangements.

Represented Rose Capital Investment in 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.

Represented the mandated lead arrangers and lenders, and the administrative agent, in connection with a $150 million senior secured loan facility to ITR Concession Company, which operates, manages and maintains the Indiana Toll Road, under a 75-year lease pursuant to a public-private partnership with the Indiana Finance Authority.

Acted on behalf of Citigroup Global Markets, Credit Suisse Securities and Morgan Stanley Senior Funding, in connection with the $260 million financing provided to Vista Oil & Gas, relating to the purchase by Vista of certain oil and gas assets in Argentina.

Notable practitioners

Cynthia Urda Kassis is "very experienced in mining deals and always impresses with her in-depth sector knowledge," according to clients. She focuses her enviable practice on mining and metals matters, as well as handling oil and gas and PPP projects. A source says she is "very seasoned and really understands structuring and client concerns. She is always looking to find solutions and she is really easy to work with."

Gregory Tan is widely regarded as a "very good debt side lawyer," who focuses his practice on project finance and development matters both domestically and abroad. A client says: "He is extremely levelheaded, quick, reasonable, dedicated and very insightful."

Hugh Tucker often represents domestic and international oil and gas companies throughout the development and financing of complex projects. Commentators describe him as "fantastic," and "very capable."

Paul Epstein focuses his practice on projects in the PPP arena, with particular expertise in TIFIA and WIFIA work, where commentators say he is "among the best." A client says he is "a tireless worker, incredibly thorough and detail-oriented," adding: "His knowledge is excellent, as is his experience."

According to commentators, Robert Freedman is a "very commercial" lawyer who "helps transactions come to a successful conclusion."  He frequently acts on behalf of clients in the traditional power and renewable energy space, as part of his wider infrastructure and energy projects practice.