Project Development and Finance

Overview

"BakerHostetler has the depth within their organization to successfully achieve the desired results of their clients and to protect their interests"

– This comment appears on the U.S. News & Best Lawyers "Best Law Firms" website at bestlawfirms.usnews.com

BakerHostetler's Project Development and Finance team has a wealth of experience executing all aspects of the development and financing of a complex, large-scale project. Our team is national in scope and is supported by other lawyers as needed for tax, regulatory, land use, construction and environmental issues that arise in the course of the siting, permitting, development and financing of a typical large-scale project.

We have the knowledge, resources and relationships to take a manufacturing facility or power plant from greenfield to financing to completion and successful operation. We know how to structure multi-layering equity and debt financing stacks on the right terms and how to integrate support from local, state and federal government. Our lawyers also regularly negotiate sophisticated commercial contracts and project support arrangements necessary for fully-financed projects.

We have substantial experience in the various federal and state regulatory considerations critical to successful completion of major facilities. Our Federal Policy team provides additional support in crafting legislative solutions, providing input on Congressional efforts and working with offices within the executive branch responsible for the formulation and administration of various aspects of federal policy.

Select Experience

  • Representing a sponsor group in connection with Big River Steel, a $1.5 billion steel mini-mill being constructed on 1,400 acres in northeast Arkansas, which broke ground in July 2014. It has already been hailed as a major boon to the economically struggling Delta region and represents the largest single private investment in the state’s history.
  • Representing a sponsor group in the ground-up development of a major metal production facility in Mississippi to be majority-owned by a Brazilian strategic investor.
  • Representing a wholly-owned subsidiary of TPCO, a Chinese-owned steel pipe manufacturing company, in the construction of a seamless pipe fabrication facility in Gregory, Texas.
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Experience

  • Representing a sponsor group in connection with Big River Steel, a $1.5 billion steel mini-mill being constructed on 1,400 acres in northeast Arkansas, which broke ground in July 2014. It has already been hailed as a major boon to the economically struggling Delta region and represents the largest single private investment in the state’s history. 
  • Representing a sponsor group in the ground-up development of a major metal production facility in Mississippi to be majority-owned by a Brazilian strategic investor.
  • Representing a wholly-owned subsidiary of TPCO, a Chinese-owned steel pipe manufacturing company, in the construction of a seamless pipe fabrication facility in Gregory, Texas.
  • Representing an existing company in connection with project financing of a carbon capture plant facility located in San Antonio, Texas.
  • Representing an investor group in construction of a high-tech e-waste recycling facility, the first of its kind in the country.

Recognition

  • Big River Steel LLC was awarded IJGlobal Americas’ “North American Mining & Metals Deal of the Year” for the development of a $1.5 billion steel mill being constructed in Mississippi County, Arkansas.
  • BTI Client Service 30: BakerHostetler advanced 19 positions to #9 (2016)
  • U.S. News – Best Lawyers “Best Law Firms” Banking and Finance Law (2016)
    • National, Tier 2
    • Metro Cleveland, Tier 1
    • Metro Columbus, Tier 2
  • Project Finance magazine: “2005 North American Industrial Deal of the Year” for performance as lead counsel to the sponsors of the SeverCorr project, a $440 million project financing of a steel manufacturing facility in Mississippi.
  • Project Finance International
    • 2002 Europe, Middle East and Africa"Power Deal of the Year" after a member of team acted as one of the lead attorneys for the senior lenders in the Baymina Power project financing.
    • "2000 Euromoney Project Finance Deal of the Year" after a member of team was one of the lead attorneys for the senior lenders in the Gebze, Izmir, and Adapazzari Power project financings.

Key Contacts