Aryan Moniri

Financing

Mr. Moniri has represented borrowers and lenders in financing transactions of all types, including project financings, acquisition financings and corporate financings. Significant recent representations include:

• an ad hoc group of bondholders in connection with the restructuring and related exchange offer of indebtedness of Martin Midstream
• BayWa in connection with a $115 million revolving credit facility to support its development pipeline
• Brookfield in connection with dozens of renewables and infrastructure financing transactions
• Cypress Creek Renewables in connection with various financing transactions
• Deriva Energy (formerly Duke Renewables) in connection with various financing transactions
• First Solar in connection with the $290 million financing of the 141 MW Luz del Norte solar project in Chile
• FTC Solar in connection with its corporate revolver and a novel joint venture

• IPI Partners in connection with the financing of data centers

• Linea Energy in connection with the debt financing of the 90 MW Pineview solar project comprised of a construction-to-term loan, tax equity bridge loan and letter of credit facility

• Luminace in connection with various corporate and project financings, as well as a first-of-its-kind securitization
• MN8 Energy in connection with multiple private placements, a portfolio construction financing and its corporate credit facilities
• Pattern Energy in connection with:
  • the $11 billion financing of its Sunzia transmission line and related generation projects
  • the construction and tax equity financing of the 220 MW Grady wind farm
  • construction, tax equity and back leverage financings totaling over $1 billion for its two Broadview wind farms and the Western Interconnect transmission line
  • the $1.7 billion debt and the tax equity financing for the Western Spirit wind project and transmission line, totaling approximately 1,050 MW in central New Mexico
  • the debt and tax-equity financings of its 105.2 MW Phoenix Solar project located in Fannin County, Texas
  • its investment in the 298 MW El Cabo wind farm
  • the $205 million financing of the 122 MW Conejo solar project in Chile
• Peru LNG S.R.L. in the financing of its $3.8 billion LNG export project in Peru
• Sonnedix in a joint venture with Cox Energy America in securing a $120 million project financing provided by Sumitomo Mitsui Banking Corporation for its 160 MWp Meseta de los Andes solar PV plant located in the Valparaiso region of Chile
• Standard Solar in connection with various corporate and project financings
• SunEdison and its subsidiaries in connection with more than $4 billion in secured corporate credit facilities, project financings and warehouse facilities, including project financings in Chile, Honduras, India, Israel, Jordan and South Africa
• Talen Energy in connection with:
  • its secured corporate credit facilities
  • the $450 million project financing of its Lower Mount Bethel and Martins Creek power plants in PJM
  • the restructuring of its 2,532 MW Mach Gen portfolio
• TerraForm Power in connection with:
  • the repowering and debt and tax equity financing of its Bishop Hill wind project
  • a $475 million acquisition financing for an approximately 320 MW portfolio of distributed generation, residential and fuel cell assets acquired from AltaGas
  • a $131 million private placement relating to a portfolio of wind projects
  • a $113 million commercial bank financing of distributed generation solar projects
  • a $78.8 million private placement relating to a 51 MW portfolio of utility-scale and distributed generation solar projects
  • a $84 million private placement relating to a portfolio of utility-scale solar projects
  • a $189.3 million term loan facility and $22.5 million letter of credit facility for a portfolio of solar PV assets across 11 states and Washington, D.C.
  • a $171 million private placement by the owner of a wind project
  • its corporate credit facilities and various other project financings
• Urban Grid in connection with a revolving credit facility and certain project financings

M&A

Mr. Moniri has extensive experience representing both buyers and sellers in connection with investments in energy and infrastructure assets, with particular experience in joint ventures and highly structured transactions. Significant recent representations include:

• a sponsor in connection with a large data center-related joint venture
• Brookfield in connection with:
  • the negotiation of a development and investment agreement with LanzaTech for up to $500 million in equity funding to acquire, construct and operate certain new carbon capture and transformation projects in North America and Europe
  • its sale of its 50% interest in Smoky Mountain, a 378 MW U.S. hydroelectric portfolio, to Argo Infrastructure Partners
  • its deal with Closed Loop Partners LLC to establish Circular Services, a joint venture in the recycling space
  • the $733 million sale of a 391 MW portfolio of four operating wind assets in California and New Hampshire to NextEra Energy Partners
  • the $1.5 billion sale of a 49.9% equity interest in an 852 MW portfolio of wind generating assets in the U.S. to a group of South Korean infrastructure investors comprised of Korea Hydro & Nuclear Power Co., Ltd., Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment Co., Ltd. and Korea Investment & Securities Co., Ltd.
  • its $3.5 billion acquisition of an additional 30% stake in FirstEnergy Transmission, LLC from FirstEnergy Corp. This followed a previous $2.4 billion acquisition of a 19.9% stake in the company from FirstEnergy Corp
  • the acquisition of co-controlling interests in two natural gas pipelines in Mexico from affiliates of BlackRock, Inc.
  • its acquisition of Standard Solar
• Canadian Solar in connection with a joint venture with BlackRock regarding its development pipeline
• Francis Renewable Energy, an electric vehicle charging station operator, in a minority investment by Alliance Resource Partners, L.P.
• Intel in connection with:
  • a first-of-its-kind $30 billion joint investment arrangement with Brookfield relating to two new chip factories in Arizona
  • a $22 billion joint venture with Apollo relating to a new chip factory in Ireland
• SunEdison in connection with the sale, through bankruptcy, of nearly all of its assets

Mr. Moniri has been named a Rising Star by The National Law Journal and a Rising Star in Project Finance by Law360. He also has been recognized in Chambers USA and The Legal 500 U.S., as well as honored as one of Lawdragon’s 500 Leading Dealmakers in America.