Partner

Katy C. McNeil

Projects & Infrastructure

Chicago +1 312 701 8108

kmcneil@mayerbrown.com

Overview

Clients across the renewable energy sector, including financial institutions, institutional investors and developers, trust in Katy McNeil for counsel in a wide range of transactions: project financing, acquisitions and divestitures of infrastructure and energy assets, tax credit monetization, workout arrangements, and other types of complex secured and unsecured financings. Katy is skilled in crafting novel structural approaches to all manner of energy technologies, particularly solar, wind, storage, and biofuels.

Experience

Represented:

Credit Suisse as arranger for a $300mm warehouse facility to Distributed Solar Development (DSD) to finance a portfolio of commercial, industrial and distributed generation projects located across the United States and as underwriter for the $155 million solar asset-backed securitization to DSD, which was the first C&I ABS successfully taken to market.
Represented Caisse de dépôt et placement du Québec (CDPQ) in connection with its investment (along with co-investors Invenergy and Blackstone Infrastructure) in the acquisition of American Electric Power’s renewables portfolio of a 1,365-megawatt renewables portfolio comprised of 14 projects representing 1,200 MW of wind and 165 MW of solar in 11 states for $1.5 billion. The transaction included financing in the form of a first-of-its-kind PTC tax credit transfer with Bank of America Securities and committed acquisition financing from a consortium of banks led by Banco Santander S.A., New York Branch.
Banco Santander, S.A., New York Branch, in its provision of construction loan, tax equity bridge loan, back-leverage loan and letter of credit facilities to Lone Star Solar, LLC, a subsidiary of energyRe, LLC, for the construction and operation of an approximately 66 MW solar photovoltaic energy generation plus approximately 198 MWh BESS storage project in South Carolina.

ClearGen LLC in its investment to acquire the membership interests owned by MUFG in 25 operating wind projects (totalling 1.4 GW of generation capacity), including as lead transaction counsel for ClearGen in the upper-tier tax equity financing with Goldman Sachs as the tax equity investor and the debt financing utilized to acquire the interests provided by Bank of America, Crédit Agricole and Société Générale as lenders.
CDPQ, as cash equity investor, in an upco parent of the Class B investor in Calhoun Solar, a 200-MW solar project in Calhoun County, Michigan developed by Invenergy.
Santander, Bank of America, and SMBC as lenders in the approximately $348 million construction and bridge, term, and letter of credit facilities for Great Pathfinder, a wind project developed by Apex Clean Energy Holdings, a subsidiary of Ares Management, located in Iowa.
Nord/LB and Rabobank as lenders in the approximately $108 million construction and bridge, term, and letter of credit facilities for Concho Valley Solar, a solar photovoltaic generation facility developed by Korea Midland Power Co. located in Texas.
Santander Bank, N.A. and Societe Generale in a $102 million construction loan facility to finance the construction of an approximately 100 MW (AC) solar project in Clark County, Nevada developed by Invenergy.
CDPQ in its $1 billion investment commitment in Invenergy Renewables, North America's largest privately held renewable energy company. CDPQ's investment took the form of three strategic equity investments to acquire 65 percent of three global renewable energy businesses and the simultaneous offering of a $500 million mezzanine debt facility.
Kayne Anderson Capital Advisors on a construction loan facility of ~$105 million for the construction of a 98MW (DC) solar project developed by Pine Gate Renewables located in Centerfield County, SC.
The lender in an $860 million development loan for five separate utility scale solar projects, each between 180 MW(ac) and 300 MW(ac), located in Texas and California.
Longroad Energy in acquiring tax equity financing for the 242.8 MW El Campo Wind Farm in Knox County, Texas.
Santander Bank and CIT Bank in the financing of the CleanCapital acquisition of the Tahoe portfolio, a 46.9 MW portfolio of 60 commercial and industrial solar photovoltaic energy projects.
Santander Bank as part of a $52.8 million debt and tax equity financing enabling Greenwood Energy to construct a six-project, 26-megawatt solar portfolio across Florida, Vermont and New York.
GE Energy Financial Services as lender in connection with the construction financing for the 163 MW Falvez Astra Wind Project in Texas.
The lender in a $115 million credit facility to cash equity investor in portfolio of solar energy projects.
John Hancock Financial Services Inc., IFM Investors and Global Atlantic Financial Company in the back-leverage financing of solar tax equity structures. Represented BNP Paribas in connection with financing for the acquisition of Michigan Power by Rockland Capital Partners.
Invenergy LLC, as sponsor, borrower and guarantor in connection with the construction financing of a 65 MW solar facility in Nevada.
SunEdison on the financing of the 300-megawatt South Plains II wind project in Texas, including matters relating to a construction loan, structured equity investment and long-term power hedge offtake arrangement.
Invenergy LLC, as sponsor, borrower and guarantor in connection with construction financing for the 20 MW (AC) Morgans Corner Solar facility in Pasquotank County, North Carolina.

Katy C. McNeil

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