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News Aug 13, 2015

Shearman & Sterling Advises Lenders on Financing for Bayonne Energy Center

Shearman & Sterling advised Credit Agricole Corporate and Investment Bank, ING Capital LLC, National Australia Bank Limited, Siemens Financial Services, Inc., SunTrust Bank and Wells Fargo Bank, N.A., as joint lead arrangers, in connection with a $300 million senior secured financing relating to the 512 MW electrical generating facility located in Bayonne, New Jersey and an undersea cable interconnecting such facility with ConEd’s Gowanus Substation located in Brooklyn, New York.

The Shearman & Sterling team included partners Gregory Tan (New York-Project Development & Finance), Azam Aziz (New York-Investment Funds), and Malcolm Montgomery (New York-Real Estate); counsel Jeffrey Salinger (New York-Environmental); and associates Bejide Davis (New York-Project Development & Finance), Joshua Rivera (New York-Project Development & Finance), Ali Hassanali (New York-Corporate), Kerri Durso (New York-Investment Funds), Monica Li (New York-Corporate) and Ryan Seher (New York-Corporate).