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Energy Services Agreements

  • Client: Developer/owner
  • Date: Jan 25, 2010
  • Location:

Summary:

Schiff Hardin represented the developer and owner of a $4 billion dollar mixed use development in connection with the litigation or settlement of its energy services agreement and related financing agreements for the construction of a $300 million captive power plant on part of the development.

In addition to advising the clients on their rights under the agreements, our attorneys provided advice regarding strategic alternatives open to the lenders under a $125 million secured bank credit and interest rate swap facility, guaranties, and a $100 million tax exempt bond issuance, as well as the use of the Uniform Commercial Code and state real estate foreclosure mechanisms to acquire the plant at a discount to its cost.
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