Gregory Tan is the firm’s Global Project Development & Finance Practice Group Leader and Finance Business Unit Leader.

He focuses on project development, limited recourse and structured financings, and restructurings in the infrastructure and energy sectors.

Gregory represents sponsors and lenders, leading financial institutions, funds and corporations, numerous regional development banks and multilateral institutions.

• Note purchasers, KeyBank, Société Générale, Santander and KfW as lenders on an approximately $612 million senior secured note issuance and $260 million senior secured credit facility for University of Iowa Energy Collaborative LLC, a joint venture between ENGIE and Meridiam, the concessionaire for the long-term lease and concession of the University of Iowa Utility System. The transaction involved the privatization of the on-campus utility system of the University of Iowa with the concessionaire taking over operations, maintenance and capital improvements with respect to the system in exchange for an upfront payment to the University of $1.165 million
• Scotiabank, Citigroup, JPMorgan Chase, Banco General and Credit Suisse as lead arrangers on a $610 million senior secured financing for two Panamanian affiliates of AES, related to the construction, completion, ownership and operation of an LNG import and related 380 MW net dual-fuel fired combined cycle power plant, both facilities located in Colón, Panama
• LongWing Energy as lead counsel on the $150 million OPIC financing of an approximately 98.1 MW wind project in Zaporizhia, Ukraine. The represents the first phase of an eventual 500 MW project that is expected to be the largest wind project in Ukraine and one of the largest onshore wind projects in Europe
• Note purchasers on a private placement by Chicago Parking Meters (CPM) of its $900 million aggregate principal amount of senior secured notes to refinance CPM’s existing debt and other corporate purposes, and a follow-on $300 million financing comprising $270 million of senior secured notes and a $30 million senior secured term loan financing, with KDB as administrative agent and lender. CPM is the holder of a 75-year concession for all on-street metered parking in the city of Chicago.JP Morgan Securities was the placement agent for the issuance and Macquarie Capital acted as financial advisor to CPM
• Lenders financing the IFM Global Infrastructure Fund on the $10.3 billion acquisition of Buckeye Partners, owner of midstream assets comprising more than 6,000 miles of pipeline and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels in the United States and Caribbean
• Borrowers and sponsors on the $235 (approximate) million financing for the development, construction and operation of two solar photovoltaic projects in Mexico – Solem I, a 150 MWac solar photovoltaic project developed by Cubico Alten Aguascalientes Uno, and Solem II, a 140MWac solar photovoltaic project being developed by Cubico Alten Aguascalientes Dos, both of which are wholly owned subsidiaries of Cubico Sustainable Investments Limited (75%) and Alten RE Developments America (25%), an affiliate of Sojitz
• Joint lead arrangers and joint bookrunners on the senior secured notes issued by, and senior secured credit facilities made available to, Cometa Energía (Actis) with its $1.256 billion acquisition of the InterGen portfolio of energy assets in Mexico
• Energy Transfer Partners, MasTec and Carso Energy as sponsors on the $1.2 billion project financing for the development and construction of the Waha-San Elizario and Waha-Presidio natural gas pipeline projects, to carry gas for Mexico’s National Electricity Commission (CFE
• Lenders and the underwriters on the bank/bond financing for the $4.7 billion acquisition of Cleco Corporate Holdings, owner of regulated electric utility company Cleco Power, by a group of North American infrastructure investors led by MIRA and BCI, along with John Hancock Financial and other infrastructure investors
• Lenders on the $2,149 million financing for the $5.7 billion acquisition of ITR Concession Company, the operator of the Indiana Toll Road under a 75-year concession and lease agreement; private placement investors in the $700 million private placement of notes, the underwriters for the $1.05 billion Rule 144A/Reg. S senior notes offering, and additional private placement investors on an $850 million private placement of notes, proceeds of which were used refinance the acquisition loans and general corporate purposes
• Credit Agricole, ING Capital, National Australia Bank Limited, Siemens Financial Services, SunTrust Bank and Wells Fargo Bank as joint lead arrangers on 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
• Lenders on two separate acquisitions of Maher Terminals. The first financing was for the acquisition by Macquarie Infrastructure Partners III of Maher Terminals from RREEF; the second was a senior secured financing to NYK Ports for its acquisition of a minority stake in Maher Terminals from Macquarie Infrastructure Partners III
• Certain financial institutions as purchasers of senior secured notes issued by Middletown Water Joint Venture on a private placement to manage and upgrade the Borough of Middletown’s 36 miles of water main and 25 miles of sewer main and its wastewater treatment plant in Pennsylvania
• Y-GEN Eléctrica (Y-GEN) and Y-GEN II Eléctrica (Y-GEN II), each a joint venture formed by GE and YPF on the limited-recourse financing for the construction of two gas-fired power stations located in the Argentine provinces of Neuquén and Tucumán. This is the first project finance loan to close in Argentina in more than a decade
• Various financings on three stage expansion of the Lynden Pindling International Airport in Nassau, the Bahamas, which included advising (i) Citigroup in the structuring (including with respect to enabling legislation and tariff structure) of the long-term lease by Nassau Airport Development Company of the airport, as well as the related $265 million financing for Stage I, (ii) various investors in their purchase of $165 million of senior secured notes issued by Nassau Airport Development pursuant to a private placement to finance Stage II and (iii) the note purchasers in their purchase of $225 million pursuant to a private placement for Stage III
• Credit Agricole, Natixis, SMBC, Banobras, BBVA Bancomer, Nafin and Mizuho as lenders on the approximately $890 million senior secured financing related to the development, construction, operation and maintenance of the Los Ramones II Sur gas transportation system, sponsored by Pemex and GDF Suez

Awards & Accolades

• Ranked Band 1 for Projects by Chambers Latin America 2020, Band 2 Latin America-wide for Energy and Natural Resources by Chambers Latin America 2020 and Band 2 for Projects by Chambers USA 2020
• Named a Leading Leader in IFLR1000 2020, a Leading Lawyer for Project Finance by The Legal 500 US 2020, a Leading Lawyer for Projects and Energy by The Legal 500 Latin America 2019, and also recognized in Who’s Who Legal for Project Finance
• Recognized for Foreign Expertise in Energy and Natural Resources and Projects in Latin America-wide by Chambers Global 2020
• Clients tell Chambers & Partners: “[Gregory] understands the problems and he always finds a solution,” and “a great lawyer who is very collaborative,” adding “he’s very intelligent,” and “a top-tier lawyer.”