Yi Zhou is an associate in the Project Development & Finance practice.

• CIBC as administrative agent, collateral agent, intercreditor agent and lender, BOA as lender, National Australia Bank as lender and CIBC Bank USA as depositary agent on the $150 million revolving credit facility refinancing for Carrix, Inc. The transaction included a bring-down due diligence report of Carrix’s material domestic and international operations, a pay-off of the existing term facility through the issuance of senior secured notes and a change in agent from DNB ASA Bank to CIBC. Shearman worked closely with local counsel in Canada, Mexico and Panama to ensure the transaction upheld existing security arrangements, in place from the 2017 Carrix financing and held on a pari passu basis with the noteholders
• BOA as administrative agent and lender, and CIBC as lender on the $105 million revolving credit facility for SSA Terminals (Seattle Terminals), an entity indirectly owned by Carrix, Inc. The transaction included a third party pledge of 100% of the equity interests in the Borrower held by a Swiss company, Terminal Investment Limited Sàrl
• Mandated lead arrangers and lenders on the portfolio financing of three wind and one solar PV projects (the “Condor Portfolio”) with a total installed capacity of 550 MW in Chile.The Condor Portfolio is owned by Mainstream Renewable Power Limited and will serve three of the seven 20-year distribution company power purchase agreements awarded to Mainstream by the Chilean government in August 2016
• Albemarle Corporation, as guarantor, and Albemarle Finance Company, Albemarle New Holding and Albemarle Wodgina, as borrowers, on a $1.2 billion unsecured syndicated credit facility to finance the acquisition of a 60% interest in certain assets comprising Mineral Resources Limited’s Wodgina lithium project in Western Australia
• 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
• MUFG, as administrative agent and coordinating lead arranger, and the lenders and issuing banks with the back leveraged financing for a portfolio of six solar projects owned indirectly by ConEd, located in Fresno County, California, Clark County, Nevada and Maricopa County, Arizona
• ING Capital on a $35 million letter of credit facility for Citizens Parking, one of the largest parking companies providing 1,100 locations and 300,000 parking spaces across the US and Puerto Rico
• Scotiabank as senior lender agent, security trustee and senior lender on the amendments to the financing documents entered into with ING Capital as intercreditor agent and senior lender, Export Development Canada as senior lender and Guyana Goldfields Inc. as the sponsor for the construction, development and management of an open pit gold mine and its underground mine expansion located in Aurora, Cuyuni, Mining District No.4 in the Co-operative Republic of Guyana

Professional Affiliations

• Member of the Project Finance Committee, New York City Bar Association