Orrick Advises Spanish Toll Road Concession Company on Debt Refinancing
For decades we have been the firm of choice for prominent industry participants because of the innovative ways in which we design legal structures, draft project documents and manage complicated transactions. With lawyers across four continents, we have significant experience in every sector of the industry, including toll roads, bridges, tunnels, airports, ports, rail, water facilities, stadiums, mass transit and other infrastructure projects.
Our practice was rated Band 1 for U.S. projects by Chambers Global 2017. We were named a Project Finance Group of the Year by Law360 in 2016 for the fourth time, and Magazine des Affaires named us Africa Legal Counsel of the Year in 2016 for our work in Energy and Infrastructure, as well as designating us a top firm for greenfield infrastructure and for infrastructure in Africa. In Europe, for our financing work of the Ports of Calais and Boulogne-Sur-Mer, we received deal of the year awards from Project Finance and Infrastructure Journal’s IJ Global in 2015 and Thomson Reuters’ Project Finance International Yearbook in 2016. For our work on behalf of IFM Investors Pty Ltd in its acquisition of the 157-mile Indiana Toll Road, we won deal of the year awards from The M&A Advisor (2015), IJ Global (2015) and Project Finance International Yearbook (2015).
We take an interdisciplinary approach to our work, using our accumulated wealth of knowledge and experience to offer full service counsel on:
Clients around the world consider us the go-to advisors on complex infrastructure and PPP transactions in the United States. We have played a key role in nearly every PPP transport project in the United States, and have counseled clients on dozens of PPP projects throughout the U.S. Today we are involved in major U.S. infrastructure projects involving toll roads, airports, ports, rail, midstream assets, and water and waste facilities.
Our infrastructure lawyers in Europe serve the comprehensive legal needs of clients in key infrastructure sectors under English, French, German and Italian law. In project finance, we represent lenders and equity participants in high-value toll roads, airports, ports, stadiums, power generation, telecommunications, hotel and resort facilities, medical and education facilities, manufacturing equipment, railway equipment, and aircraft equipment transactions.
We also assist public authorities and private enterprises in structuring and conducting procurement and preparing formal tender offers, as well as in all stages of the contracting process, negotiations and post-closing operating phase.
We have provided counsel on many of the largest and most complex transactions completed in Africa in recent years. We create and revise legal and regulatory frameworks and support innovative large-scale projects involving transport, fossil and renewable energy, ports, telecom, oil and gas, and metals and mining. We offer clients a combination of technical knowledge and strong sector experience, along with a keen cultural understanding of the regions where we work. We have counseled on project development, financing and M&A transactions throughout Africa, helping to advance the profound transformations occurring on the continent. In addition, we have recently strengthened our presence in Africa with the launch of Orrick RCI, our affiliate based in Côte d’Ivoire.
Our Infrastructure group has developed a strong reputation for delivering M&A, project and financing services for infrastructure projects in all major and emerging markets, including Asia, Latin America and the Middle East. We take pride in our substantial practical experience, knowledge and capabilities built from decades of experience offering counsel to clients in many of the world’s most important infrastructure projects.
The Port Authority of New York and New Jersey on the privatization of the main LaGuardia Airport terminal and related infrastructure, valued at over $4 billion, including counsel as to the decommissioning and demolition of the existing facilities and the design, construction, financing, operation and maintenance of the new facilities.
Vinci Airports, in connection with the acquisition of the Dominican airport company Aeropuertos Dominicanos Siglo XXI, SA (Aerodom).
The sponsors selected by MDOT to design, build, finance, operate and maintain the Purple Line light rail project in Maryland. We counseled the sponsors in negotiating the concession agreement and the procurement documents and other interactions with the public entity, drafting and negotiating of the term sheets and the full financing documents, in addition to drafting and negotiating the design-build contract, the operations and maintenance contract, and the interface agreement and related documents.
Bouygues Construction, the international industrial group, on a unique sea urbanization project that will increase the size of Monaco, the world’s second-smallest country.
The lenders (CACIB) and project bond subscribers (Allianz Global Investors) on an innovative financing of the Ports of Calais and Boulogne-Sur-Mer under a concession contract for the management of the Boulogne and Calais ports, named the Port Deal of the Year in 2016 by both Project Finance International and Infrastructure Journal.
IFM Investors Pty Ltd in its $5.72 billion acquisition of ITR Concession Company, the holder of a concession for the Indiana Toll Road. This deal was awarded M&A Distressed Deal of the Year (Over US$1B) 2015 by The M&A Advisor, M&A Deal of the Year (over US$5B) 2015 by The M&A Advisor, North America M&A Deal of the Year 2015 by IJ Global and Americas Transport Deal of the Year 2015 by Project Finance International.
The Government of the Democratic Republic of Congo on the construction of the 4,800 MW hydro project Inga 3. This project is the first phase of a 40,000 MW continental project (Grand Inga Dam), the largest energy project in the world.
The senior lenders on the $450 million Lekki Toll Road project, the first project financed real toll road project in sub-Saharan Africa.
June.19.2018 - June.20.2018
A high-quality, full-service shop, the team provides good value and balances a commercial mindset with the ability to spot real issues for its clients.Chambers USA, 2017
They know the African market very well.Chambers Europe, 2017
They are technically very good lawyers who show clear leadership and knowledge of the PPP space.Chambers, 2016
Earns praise for its strong offering across francophone Africa.Chambers Global, 2016
Orrick Rambaud Martel is instructed on the largest infrastructure projects in France and is assisting Bouyges with Monaco’s sea urbanization project, as well as acting for the lenders on the Ports of Calais and Boulogne-sur-Mer project bond financing.Legal 500
Orrick, Herrington & Sutcliffe’s ‘excellent’ team provides a ‘high level of service’, attracting praise for its ‘commercial approach’ and ‘responsiveness’.Legal 500
Chambers Global, 2017
Law360, 2016 and 4 times
Magazine des Affaires, 2016
Power Finance & Risk
Project Finance International
Project Finance International
Magazine des Affaires