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Gregory
Tan
Partner
Education
King’s College London, University of London, LL.M., 1994
King’s College London, University of London, LL.B. (Hons), 1991
Practice
Gregory Tan is a partner in the firm’s Project Development & Finance Group. His practice consists of representing financial institutions, funds and corporations in their private financing activities, focusing principally on lenders and sponsors in project development, limited recourse and structured financings and restructurings in the infrastructure and energy industries. Mr. Tan has been named a leading lawyer in project finance by Chambers Global, Chambers USA, Chambers Latin America, PLC Which Lawyer?, IFLR 1000 and Who’s Who Legal.
Experience
Power
- Central American Bank for Economic Integration (CABEI)and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), as joint lead arrangers, in connection with a non-recourse financing for the Barro Blanco hydropower project in Panama
- Citigroup as arranger in connection with the refinancing of a $108 million Inter-American Development Bank-guaranteed tranche (part of a multi-tranche financing with KfW-covered and -uncovered tranches and an ECGD-covered tranche) for the San Pedro de Macoris power project in the Dominican Republic
- Banca de Inversión Bancolombia S.A. Corporación Financiera as mandated lead arranger in connection with a $410 million ten year term facility as well as a five year revolving credit facility related to the acquisition by Actis Infrastructure 2 LP of a group of Guatemalan electricity distribution companies, including DEOCSA and DEORSA, from Gas Natural
- CABEI, as a joint lead arranger and the syndication agent, with Bancolombia acting as the other lead arranger, in the financing of AEI’s $720 million, 300 MW, power plant in Guatemala, the first non-recourse financing for a thermal power project to be constructed with a Chinese EPC contractor (China Machine New Energy Corporation) in Latin America (selected as “Best Project Finance Deal” (2010) by Latin Finance)
- US Ex-Im Bank in connection with a direct loan for the $2.1 billion Al Dur IWPP in Bahrain (selected as “Middle East IWPP Deal of the Year” (2009) by Project Finance)
- BNP Paribas and ABN AMRO, as lead arrangers, in the $998 million project financing of the 462 MW coal-fired Angamos power plant being developed by AES Gener in Mejillones, Chile (selected as “Americas Power Deal of the Year” (2008) by Project Finance International, “Best Project Finance Deal” (2008) by Latin Finance, “Power Deal of the Year” (2008) by Infrastructure Journal and “Best Americas Deal” (2008) by Power Finance & Risk)
- Calyon, WestLB and Export Development Canada, as lead arrangers, in the $261 million non-recourse financing of the acquisition by InterGen of TransAlta’s Campeche and Chihuahua power plants in Mexico (selected as “Latin America Power Deal of the Year” (2008) by Project Finance)
- Calyon, as lead arranger, in a $260 million senior secured non-recourse financing for Guacolda S.A. to finance a new 152 MW coal-fired power plant (Unit 4) to be constructed in Chile
- Calyon, as lead arranger, in a $390 million senior secured non-recourse financing for Eléctrica Guacolda S.A., the proceeds of which were applied to refinance $133 million of outstanding Rule 144A bonds and to finance a new 152 MW coal-fired power plant (Unit 3) to be constructed in Chile
- Goldman Sachs in respect of a bridge loan facility and an optional bond purchase facility for the Missouri Joint Municipal Electric Utility Commission (MJMEUC) for its acquisition of a 22.11% interest in the 665 MW coal-fired Plum Point generating station being developed by LS Power in Osceola, Arkansas and to fund MJMEUC’s portion of construction costs after such acquisition
- Morgan Stanley, as joint lead arranger, in the $950 million first and second lien acquisition financing in respect of the sale of three New York City power plants owned by Reliant Energy to an investor group led by Madison Dearborn Partners and US Power Generating Company
- Citigroup, as lead arranger, in a $57.5 million senior secured bridge financing, and subsequent $115 million senior secured permanent financing, for Puerto Quetzal Power LLC
- Citigroup, as lead arranger, in the limited recourse financings for the Guatemalan and El Salvadoran power generation assets of Duke Capital Corporation
- Banamex, as subordinated lender, in the $195 million project financing for the Valladolid III Energy Center in Mexico
- Citigroup, Central American Bank of Economic Integration (CABEI), as lead arrangers, and The Netherlands Finance Company (FMO) and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), as lenders, in the project financing of the Choloma III Power Plant, a $185 million electric generating facility in Honduras
- Citibank, as lead arranger, in an $850 million construction revolving credit facility for the Southern Power portfolio of U.S. power plants
Renewables
- HydroChile, S.A., as sponsor, in connection with the development and project financing of the El Paso and San Andres hydropower projects in Chile
- Central American Bank for Economic Integration (CABEI) in connection with the CABEI and Export-Import Bank of the United States financing of the 100 MW Cerro de Hula wind farm being developed by Mesoamerica and Globeleq in Honduras
- Nederlandse Financierings-Maatschappij voor Ontwikkelingsladden N.V. (FMO) and Central American Bank for Economic Integration (CABEI) in connection with the non-recourse financing of the AEI-owned Amayo II wind project in Nicaragua
- Central American Bank for Economic Integration, as arranger, in the financing of the Phase I design, development and construction of the San Jacinto-Tizate geothermal power project in Nicaragua
- Ideal Panamá, S.A., as borrower, and Promotora del Desarrollo de América Latina, S.A. de C.V., as sponsor, in the $205 million financing for the Bajo de Mina and Baitún hydroelectric generation plants in Panama agented by HSBC Bank (Panamá), S.A.
- RBTT Merchant Bank, as arranger, in the $100 million limited recourse financing for the Rio General hydropower project in Costa Rica
- AES in connection with the development of a proposed ethanol processing facility in the Dominican Republic
- Central American Bank of Economic Integration (CABEI), in the proposed financing of the Bonyic hydropower project in Panama
- BNP Paribas as arranger for Hidroeleéctrica Cachapoal’s acquisition financing of the Coya and Pangal hydroelectric power plants in Chile and the subsequent refinancing thereof
Infrastructure
- Goldman Sachs and the other lead arrangers in connection with a $3.7 billion financing (available in HK$, MOP and US$) for VML US Finance, LLC, also known as Venetian Macau, a subsidiary of Las Vegas Sands Corp., for the development of Sands Cotai Central, an integrated casino resort on the Cotai Strip in Macau
- Designated lenders’ counsel for the JPMorgan/LAZ consortium selected as the winning bidder for the proposed concession of the Pittsburgh parking assets
- Central American Bank for Economic Integration, as lessor, in a $243 million Sinosure-insured structured financing for a new UMTS (4G) telecommunications network in Costa Rica to be constructed by Huawei Technologies Co. Ltd. for Costarricense de Electricidad (ICE)
- Citigroup, as lead arranger, in a $265 million non-recourse financing (comprising $195 million senior secured bank and capital markets financing and $70 million of subordinated debt financing) for the Stage I expansion of the Lynden Pindling International Airport in Nassau, Bahamas (selected as “Latin America Project Bond Deal of the Year” (2009) by Project Finance)
- Designated lenders’ counsel by the Brisa/CCR/JPMorgan consortium with respect to its bid to acquire the concession for the Alligator Alley tollroad in Florida
- Designated lenders’ counsel by the Cintra consortium with respect to its bid to acquire the concession for the Chicago Metered Parking System
- Designated underwriters’ counsel by the Abertis consortium with respect to its $12.8 billion bid to acquire the concession for the Pennsylvania Turnpike
- Citigroup, as lead arranger, in a $2,490 million senior secured non-recourse financing for Carrix, Inc., the largest privately held marine terminal operator in the Western hemisphere
- RBTT Merchant Bank, as arranger, in the $86 million non recourse financing for the expansion of the cruise and cargo terminal facilities in St. Maarten, Netherlands Antilles
- Citigroup, as arranger, in a $270 million senior secured financing for the acquisition of AMPORTS, Inc., the largest port-side automobile processing company in North America, by AIG Highstar
- Citigroup, BBVA Bancomer, HSBC and Banco Inbursa, as lead arrangers, in the $400 million limited recourse financing of the new passenger terminal and related facilities to be constructed at the Mexico City International Airport (selected as “Best Project Finance Deal of the Year” (2005) by Latin Finance and “Latin America Deal of the Year PPP” (2005) by Project Finance)
Oil & Gas
- Bank of Montreal, BBVA, Royal Bank of Scotland, Banco Santander and La Caixa, as lead arrangers, in the $763 million project financing for the Canaport LNG regasification terminal being developed by Repsol and Irving Oil in New Brunswick, Canada (selected as “North American Midstream Oil and Gas Deal of the Year” (2006) by Project Finance)
- Calyon, ING Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corporation, as lead arrangers, in the project financing of the Cross Island Pipeline project, a $268 million natural gas pipeline in Trinidad and Tobago (selected as “Latin America Deal of the Year Oil & Gas” (2005) by Project Finance)
- Citigroup, as lead arranger, in the project financing for the $225 million San Fernando Natural Gas Pipeline project in Mexico through a commercial bank tranche and a tranche guaranteed under U.S. Eximbank’s comprehensive guarantee program (selected as “Latin America Oil & Gas Deal of the Year” (2002) by Project Finance)
Bar Admissions/Qualifications
New York
England and Wales
Hong Kong
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