Hyunsok Lee is an associate in the Project Development & Finance practice.

Clients from government entities and commercial banks to private investors and agency lenders look to Hyunsok to represent them in a wide variety of public infrastructure, acquisition and banking and finance matters across the United States and abroad. His clients include some of the largest commercial banking and multilateral lenders, multiple U.S. and other government entities, development finance institutions and export credit agencies from around the globe. Our clients trust Hyunsok to help them maneuver through the complexities of their project and acquisition financings and advise them on the ins and outs of developing in the United States. Hyunsok understands that diverse clients have different needs and this is why clients count on him.

Infrastructure

• USDOT for the $1.76 billion TIFIA secured loan for the $5.9 billion Purple Line Light Rail Project in Maryland Project in Maryland, involving a transit line that will connect multiple branches of the Washington, DC Metrorail, all three MARC commuter rail lines, and Amtrak’s Northeast Corridor rail service. The Project is structured on a PPP availability payment basis and includes bonds issued by the Maryland Economic Development Corporation
• USEPA for the extension of the $225 million WIFIA loan to the City of San Diego, California for the Stormwater Capital Improvement Program
• USEPA for the extension of the $440 million WIFIA loan to the Los Angeles County Sanitation Districts, California for the Joint Water Pollution Control Plant Effluent Outfall Tunnel Project
• USEPA for the extension of two WIFIA loans to the City of Gresham, Oregon and the Rockwood Water People’s Utility District, respectively, for the Cascade Groundwater Development Project
• USEPA for the extension of two WIFIA loans to the City of Medford, Oregon for the Rogue Valley Water Supply Resiliency Project
• USEPA for the extension of the $280 million WIFIA loan to the City of Wichita, Kansas for the Northwest Water Treatment Facility Project
• USEPA for the extension of a WIFIA loan to the City of Cortland, New York for the Clinton Avenue Gateway Project
• USEPA for the extension of two WIFIA loans totaling $640 million to the Tualatin Valley Water District and the City of Hillsboro in Oregon for the Willamette Water Project. Total project costs are projected to be approximately $1.3 billion. The two loans mark the first time ever that the WIFIA program has provided financing for two individual borrowers partnering on a joint project
• BAI Communications for the approximately $430 million refinancing of Mobilitie credit facilities
• Private placement investors on the issuance and sale of up to approximately $123 million of senior secured notes by Bulldog Infrastructure Group, LLC, a project company of Meridiam Infrastructure, for the California State University, Fresno Central Utility Plant Replacement Project. This greenfield P3 is the first to feature an impact bond, under which there is a higher interest rate if energy savings targets are not met (“Best Utilities Project of the Year” (2021) by P3 Bulletin; “Social Infrastructure Deal of the Year” (2021) by IJGlobal)
• MUFG and SMBC, as lead arrangers and lenders on the $133 million financing of the construction of three data centers in the City of Sterling, Loudoun County, Virginia by MECP1 Ashburn 1, LLC as borrower and leased to Amazon Data Services, Inc.
• SMBC on the $132 million financing of the construction of two data centers in the City of Manassas, Prince William County, Virginia by SI NVA02, LLC as borrower and leased to Amazon Data Services, Inc., a subsidiary of Amazon.com, Inc.
• SMBC on the financing of the construction of two data centers in the City of Manassas, Prince William County, Virginia by Manassas NCP, LLC as borrower and leased to Amazon Data Services, Inc., a subsidiary of Amazon.com, Inc.
• Santander and SMBC on the $179 million financing of the construction of four data centers in the Town of Aldie, County of Loudoun, Virginia by Quail Ridge NCP, LLC as borrower and leased to Amazon Data Services, Inc., a subsidiary of Amazon.com, Inc.
• Note purchasers for the $135 million refinancing of Nassau Airport Development Company Limited’s outstanding participating debt notes issued to finance the design, construction and commissioning of certain terminal facilities at the Lynden Pindling International Airport in Nassau, The Bahamas
• MUFG, as administrative agent, and the lenders, fixed rate note purchasers and issuing bank for the financing of an approximately 1,200 megawatt gas-fired power project located in Will County, Illinois
• Note purchasers with Barclays Capital, Inc. as placement agent for the private placement of senior secured notes for Hamakua Energy, LLC, the owner of a 60MW combined-cycle power plant in Honkaa, Hawai’i

Acquisition

• Sasol Chemicals North America on the sale of its 50% joint venture membership interest in Gemini HDPE to INEOS Gemini HDPE
• Société Générale and ING on the structured acquisition financing for the taking private transaction by Pala Investments of Cobalt 27. The financing included a term credit and note purchase facility secured by, among other things, a first lien on the cobalt stream agreement between Cobalt 27 and Vale with respect to Voisey’s Bay. It also involved a borrowing base facility that was secured by a first lien on the cobalt inventory owned by Cobalt 27 and stored in warehouses in Baltimore, Belgium and The Netherlands.
• GE EFS Power Investments B.V. (a majority owned subsidiary of GE) as borrower on the re-structuring of a term loan incurred to finance GE’s acquisition of equity interests in YPF EE, an Argentine power company

Banking & Finance

• New and existing lenders on the amendment and restatement of a $450 million term loan for AerCap Capital
• CVR Partners and its wholly owned subsidiary, CVR Nitrogen Finance Corporation, for their private placement offering of $550 million aggregate principal amount of Senior Secured Notes due 2028
• BMO and other lenders for the term loan and revolving loan facilities for American Zinc Recycling Corp. for its operating zinc recycling facilities and construction of zinc refinery