Simpson Thacher Project Finance Deal Receives "Best Non-Renewables Deal" by Power Intelligence
04.23.12
This is only gets display when printing
The Firm received "Best Non-Renewables Deal" by Power Intelligence for its representation of the lead arrangers in connection with a $667 million secured construction, term and letter of credit facility to Sharyland Projects, L.L.C. to finance in part the construction of 300 miles of high voltage transmission lines and four substations in the Panhandle and South Plains regions of Texas to be leased to Sharyland Utilities, L.P. The lead arrangers for the Sharyland Projects were led by Royal Bank of Canada, The Royal Bank of Scotland plc and Société Générale. The Firm also represented affiliates of Prudential Insurance Company of America in connection with the related purchase of $60 million of secured fixed rate notes from Sharyland Projects. The transaction was recognized for its novel equity arrangement, a real estate investment trust as project sponsor.
To read more about this transaction, please click here.