Cadwalader attorneys have extensive expertise in structuring and documenting a wide range of complex and innovative financings for public-private partnerships and other infrastructure financings.  This expertise covers the many structures and issues involved in these financings, including tax-exempt or taxable debt, lease-based financings, concession agreements, acquisition finance, project and equipment finance, and secured real estate finance. 

We have experience with innovative structures that include credit enhancement, investment and defeasance arrangements, insurance products, credit derivatives, and special purpose entities (SPEs), as well as a wide variety of federal, state and municipal loans, credit assistance or dedicated funding sources, private debt or equity, and a combination of derivatives and securitization techniques. 

Our clients include commercial and investment banks, lenders, insurers and other credit enhancement or liquidity providers, swap providers, borrowers and issuers. 

We are also leaders in designing private funds and investments, having represented numerous sponsors of, or investors in, large private funds that invest throughout the world.  With experience in municipal finance, project finance, derivatives, private equity, securitization, tax, bankruptcy, real estate, corporate, mergers and acquisitions, and securities law, we are able to bring broad skills to any transaction.  We also are familiar with the state constitutional and statutory issues that often arise in connection with public projects, the incurrence of debt by or on behalf of public entities, and the expenditure of public funds.

We are well-versed in dealing with our clients’ business needs and risk management concerns, budget constraints, and state-specific risks. We believe that the best indicator of the value that we add to transactions is the fact that clients turn to us when they are confronted with novel transactions and circumstances involving significant risks.

Among our representative transactions are: 

• transportation related projects, including Capital Beltway, a greenfield, dynamically priced, high occupancy toll lane project on interstate highway in Virginia; MoDOT, involving the rehabilitation or replacement of over 800 bridges in the State of Missouri; the revenue bond financing of E-470 Tollway; the Louisiana Transportation Infrastructure Model for Economic Development (TIMED); and the Chicago municipal parking system
• stadiums and arenas, including financings for the new Meadowlands Stadium for the New York Giants and New York Jets, the new NY Yankee Stadium, Gillette Stadium, Miami Dolphins Stadium, the Pepsi Center Stadium, and the Minnesota Twins Ballpark
• energy matters including investments in Kodiak Oil & Gas Corp., Trident Exploration Corp., Fuerza y Energia de Naco Nogales, S.A. de C.V., a project sponsored by ExxonMobil and the Nigerian National Petroleum Corporation, and the CBK Power Project
• gas pre-pay transactions on behalf of banks and their affiliates in capacities as gas supplier, interest rate swap provider, commodity swap provider and/or bondholder, including:  the first tax-exempt variable rate financing for a governmental entity's prepayment of a 10-year supply of natural gas, and numerous revenue bonds issued by American Public Energy Agency, the Municipal Gas Authority of Mississippi, Tennergy Corporation, the Public Energy Authority of Kentucky, the Vernon Natural Gas Financing Authority, the Tennessee Energy Acquisition Corporation, the Florida Gas Utility, the Municipal Energy Acquisition Corporation, the Northern California Gas Authority, the Southeast Alabama Gas District, the Lower Alabama Gas District, and the Southern California Public Power Authority
• power plants, including a gas-fired power plant in Texas, gas-fired turbines for power plants throughout the U.S., a gas-fired power plant in Trinidad, Florida's Seminole Electric and Gainesville Regional Utilities, Oklahoma's Western Farmers Electric, and Kentucky's Big Rivers Electric
• telecom projects involving Kaptech and BCP, S.A.
• housing and office buildings, including low-income housing projects, municipal buildings in Chicago and Florida, and military housing including the Atlantic Marine Corps Communities, Tierra Vista Communities Camp Pendleton & Quantico Housing, Lincoln Family Communities, and Army Hawaii Family Housing