EXPERIENCE

Chirag’s recent experience includes advising:

LNG

• Venture Global on numerous assets and financings, including:
  • Calcasieu Pass LNG – US$5.8 billion term loan A project financing 
  • Plaquemines LNG (Phase 1 and 2) – US$21.0 billion term loan A project financing, consisting of a US$13.2 billion phase one investment and US$7.8 billion phase two investment
  • CP2 – Structural matters relating to the currently in-development CP2 LNG project
  • Multiple 144A bond issuances by various Venture Global entities
• The note purchasers in connection with the US$1 billion private placement for Port Arthur LNG (PALNG)
• Cheniere on multiple bank and bond financings for Cheniere Energy Partners and Sabine Pass Liquefaction
• Dominion Energy on the Cove Point liquefaction project’s US$3 billion commercial bank financing
• Blackstone Energy Partners on its sale of equity in Cheniere Energy Partners to Brookfield and Blackstone Infrastructure Partners, along with multiple 4(a)(2) private placement back-leveragings of upstream equity

Power and Energy Transition

Sponsor-Side Representations

• Avenue Capital / Middle River Power on numerous term loan A financings, including:
  • Project Silver - A US$800+ million term loan A financing of over 1.8 GW of thermal power assets in California in connection with the sale of such assets to a continuation fund
  • Pacifica – A US$250+ million term loan A construction financing for a portfolio of over 325 MW of battery energy storage system projects
  • Coso – A US$400+ million term loan A refinancing of a portfolio of geothermal assets in California
• ArcLight Capital Partners on numerous term loan B, term loan A, and private placement financings, including:
  • Parkway – The US$1.2+ billion acquisition financing of the Parkway Generation Assets from PSEG
  • Generation Bridge II – The US$400+ million acquisition financing of the Generation Bridge II Assets from PSEG
• Invenergy in connection with a US$1+ billion project financing of a portfolio of three solar assets 
• Earthrise Energy in connection with a US$100+ million portfolio financing facility of its thermal and renewable assets

Lender-Side Representations (Term Loan A)

• The coordinating lead arrangers and lenders on ContourGlobal plc’s over US$600 million term loan A refinancing of a portfolio of thermal assets located in New Mexico, Texas, and California
• The coordinating lead arrangers and lenders on multiple financings for Calpine’s Geysers geothermal portfolio in California, including the 2022 financing for more than US$2.1 billion
• The coordinating lead arrangers and lenders on multiple financings for various assets of Strategic Value Partners / GenOn, including the 2023 US$300 million and the 2020 US$250 million financings for the 1,500 MW Ormond Beach electric generation facility located in Oxnard, California
• MUFG in connection with the US$250+ million acquisition financing of Nuveen Global’s acquisition of three solar assets in Texas

Lender-Side Representations (Term Loan B)

• Morgan Stanley in connection with the US$850+ million refinancing of the South Field Energy gas-fired power project in Ohio.
• Jefferies in connection with the US$1.1 billion financing of the nearly 1,000 MW Linden 1-6 gas-fired cogeneration projects located in Linden, New Jersey

Alternative Capital / Direct Lending

• Ares on multiple financings, including:
  • The US$215 million holdco financing of a portfolio of solar assets owned by SunRun
  • The US$450+ million refinancing of Cathness’ 1050 MW Freedom Power Plant in Pennsylvania
  • The restructuring of Ares investment in, and the structuring of a tax equity investment into, two biomass assets in Georgia
• QIC, CPPIB, and the other lenders in the US$450 million Topco secured financing of Cypress Creek Renewables

Oil & Gas and Midstream

• ArcLight Capital Partners on multiple financings, including:
  • LHT/Gulf – Multiple financings including LHT’s over US$360 million term loan and US$250 million ABL financing in 2024
  • Salamanca and Delta House – the construction financing of floating production systems in the Gulf of Mexico
• Ares and CDPQ on numerous financings for EQT’s portfolio company, Kodiak Gas Services 
• CPPIB in connection with a term loan B financing of its equity interests in Ohio Valley Midstream
• The lead arrangers and lenders in connection with multiple financings for Brookfield’s portfolio company, NorthRiver Midstream
• Orion Infrastructure Capital (OIC) in connection with the US$800+ million financing for constructing and converting the Bakersfield refinery into a biofuels refinery

Digital Infrastructure

• Ares on:
  • Multiple financings of Vertical Bridge’s tower portfolio, including acquisition financing of its acquisition of a large tower portfolio from Verizon
  • Multiple data center portfolio financings for EdgeConnex
• Ares and CDPQ on the US$1 billion Tillman Infrastructure first-lien tower portfolio financing

Other Infrastructure

• Co-investors of Apollo in connection with a US$11.3 billion private placement to finance the partial acquisition and construction of a wafer fabrication facility in development by Intel Corporation
• Ara Partners and its portfolio company Vacuumschmelze in connection with the US$335 million project financing of its rare earth metal manufacturing facility in South Carolina
• Duration Capital Partners in connection with its acquisition of Consolidated Chassis Midstream
• QIC in connection with a financing for FirstElement Fuel Inc., a developer of hydrogen fueling stations in the United States
• OIC in connection with multiple senior secured financings, including for:
  • A plastics recycling company
  • Caliche Coastal, in connection with constructing helium salt cavern gas storage facilities and associated brine management and pipeline infrastructure in Port Arthur, Texas
  • The Keystone terminal, a bulk dry goods shipping terminal in Jacksonville, Florida
  • Tiger Group, a provider of equipment rental and safety services to the energy industry
  • Highland Pellets, in connection with a wood pellet biomass manufacturing and production facility with an aggregated nameplate capacity of 675,000 metric tons per year, in Pine Bluff, Arkansas
• Brookfield on multiple refinancings of the Keystone terminal in Jacksonville, Florida
• IFM on the financing of a wood pellet biomass manufacturing and production facility