Combining financing and transactional capabilities for a range of multinational commercial banks, investment banks, and US power and energy infrastructure asset managers and companies, Milbank is equally comfortable acting as lenders' and borrowers' counsel on mandates pertaining to critical projects and developments across the nation. Daniel Bartfeld and Daniel Michalchuk co-lead the practice, with the former leading the firm’s most significant M&A and acquisition financing mandates, and the latter possessing a broad understanding of energy assets, from conventional power to renewables and minerals. William Bice is another name to note for the practice’s acquisition financing expertise, while Richard Hillman primarily focuses on project and structured financing transactions. Jeffrey Leider regularly advises energy and infrastructure investment firms and developers. All practitioners operate out of New York.
Key clients
- Arclight Capital Partners LLC
- Ares Management LP
- Barclays
- Blackstone
- Credit Agricole Corporate and Investment Bank
- LS Power
- Mizuho
- SB Energy
- Wells Fargo Energy Group
- MUFG
Work highlights
- Represented Hartree Partners, L.P. in connection with acquisition of 100% membership interests in EIF-NEC, LLC, which indirectly owns Newark Energy Center, the approximately 735 MW combined cycle natural gas-fired power generation facility in Newark, New Jersey.
- Represented LS Power in connection with the acquisition financing of 2,145MW of natural gas generation in the ERCOT North region of Texas, including two baseload combined cycle blocks with 1.2GW of capacity in Jack County, a 280MW combined cycle plant in Johnson County and four peaking units totaling 568MW in Palo Pinto County.
- Represented ArcLight Capital Partners LLC in connection with the refinancing of a power generating portfolio including (i) the approximately 866 MW gas fired generating facility located in Staten Island, New York and owned by Arthur Kill Power LLC known as “Arthur Kill”, and the approximately 870 MW natural gas fired generating facility located in Glenmont, New York and owned by GB II New York LLC known as “Bethlehem Energy Center” - amongst others.
Lawyers
Practice head
The lawyer(s) leading their teams.
Dan Bartfeld, Daniel Michalchuk