Jared Joyce-Schleimer
Partner
New York
Jared Joyce-Schleimer advises borrowers and sponsors, lenders and investors in financings for major energy and infrastructure transactions at all stages of the project lifecycle.
Jared’s practice focuses on debt financing of a broad range of domestic and cross-border renewable and conventional power, energy and infrastructure, satellite and telecommunications and transportation projects. He supports scaling into large projects and portfolios and commercializing new technology in clean energy, sustainable infrastructure and space.
Working with private equity sponsors, credit funds and portfolio companies, he has significant experience with a variety of finance structures, including development and construction financings and traditional project finance, subordinated and mezzanine financings, term loan B financings, direct lending, syndicated debt financings, private placements, climate and impact finance, acquisition financings, M&A and restructurings. He has also represented debtors and creditors in restructuring matters.
Jared also maintains an active pro bono practice and assists developing countries in bringing sustainable projects to market. He has worked with representatives of Bangladesh, Chile, Colombia, Egypt, Ethiopia, Fiji, Jamaica, Kenya and Vietnam on high-level sustainable project preparation and structuring matters.
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Renewable Power
- Represented the development lenders in financing matters for Intersect Power, including in the company’s 2021 mezz, construction and tax equity financings for certain solar assets, in a 2021 North American solar deal of the year.
- Represented the development lender in a $300 million 2021 financing for Enfinity Global’s 3 GW portfolio of solar assets in Europe and Asia.
- Represented Blackstone in its $3 billion investment in Invenergy, in one of the largest renewables investments in North American history.
- Represented private equity fund in proposed 2021 loan to developer of green hydrogen fueling stations.
- Represented sponsor in 2020 refinancing of warehouse facility for portfolio of U.S. solar and wind projects.
- Represented purchasers in 2020 $500 million private placement of green bonds for portfolio of nearly 400 U.S. solar power projects (Power Finance & Risk's 2019 Project Bond Deal of the Year).
- Represented emerging company in joint development agreement with utility partner in 2020 financing of pilot project for utility-scale battery storage technology.
- Represented lender for bridge financing of a 28 MW portfolio of utility solar power assets in North Carolina, constructed by Conergy.
- Represented sponsor in 2019 construction financing of 40 MW wind farm in Oregon.
- Represented U.S. joint venture partner in 2016-18 equity financing of portfolio of development-stage utility solar projects in Japan.
- Represented purchasers in 2019 bid for potential acquisition of 105 MW biomass facility in Texas, with respect to acquisition financing matters.
Thermal Power
- Represented lead arranger in 2020 refinancing of 1,145 MW dual-fired generation facility in New York.
- Represented lead arranger in 2019 term loan B refinancing of 751 MW gas-fired combined-cycle generation facility in New Jersey (Power Finance & Risk's 2019 Term Loan B Deal of the Year).
- Represented lenders in 2018 term loan B refinancing of 608 MW gas-fired combined-cycle generation facility near San Diego, California.
- Represented owner lessors party to series of leveraged lease transactions involving undivided interests in two coal-fired generation facilities in Maryland, in relation to 2017 restructuring of operator's parent companies and certain related litigation.
- Represented administrative agent and purchasers in hybrid institutional loan to acquirer of minority interest of utility's 200 MW gas-fired generation facility in Colorado.
- Represented minority equity sponsor in the development and $730 million financing of the Salem Harbor Power Station, a 700 MW gas-fired combined-cycle generation facility that replaced a coal-and oil-fired facility in Salem, MA (2015 PFIAmericas Power Deal of the Year).
- Represented minority equity sponsor in the development financing and 2015 construction financing of the St. Joseph Energy Center, a greenfield 700 MW gas-fired combined-cycle generation facility in New Carlisle, Indiana.
- Represented purchaser of a 4.8 GWportfolio of U.S. gas-and dual-fired generation facilities located within the NYISOand PJMpower markets, including in Illinois, Michigan, New York and Ohio, in its acquisition and subsequent finance matters.
- Represented DIP agent for the $4.475 billion debtor-in-possession financing of Texas Competitive Electric Holdings Company LLC, whose parent Energy Future Holdings filed for chapter 11 protection in the District of Delaware in 2014.
- Represented administrative agent for the refinancing/repricing, and subsequent acquisition financing of additional assets, of EquiPowerResources Holdings, LLC, an affiliate of Energy Capital Partners (including the 2012 PF North American Power Portfolio Deal of the Year).
Oil & Gas and Midstream
- Represented Valaris plc, industry leader in offshore drilling, in its 2021 restructuring of $7.1 billion of debt, with respect to its $550 million exit financing and security matters.
- Represented the sponsor in the 2021 $175 million construction financing of the Double E pipeline in New Mexico and Texas.
- Represented second lien lenders in 2019 restructuring of Legacy Reserves Inc., with respect to $350 million debtor-in-possession financing an exit financing matters.
- Represented lenders in 2019 purchase of debt and refinancing of drilling equipment manufacturer.
- Represented collateral agent and depositary bank in 2019 construction financing of the Permian Highway Pipeline in Texas, with respect to agency matters.
- Represented lender in financing of development-stage fracsand mining project in Barron County, Wisconsin.
Infrastructure
- Represented private equity fund in financing matters relating to its approx. $156 million financing of Redaptive Inc., a leading energy efficiency company.
- Represented purchasers in 2018 issuance of convertible secured notes for developer of cutting edge waste-to-biofuels projects.
- Represented leading satellite communications service provider of voice, data and internet in multiple corporate finance matters, including relating to financing for its second generation satellite constellation and tosenior debt aspects of a $360 million issuance of high yield bonds.
- Represented Steering Committee of Senior Secured Lenders in the 2016-17 chapter 11 restructuring of SH130 Concession Company, LLC, concessionaire of Texas toll road SH130 Segments 5 & 6.
- Represented purchasers in 2017 private placement of supplemental notes for owner/operator of portfolio of district energy thermal and cooling systems.
- Represented administrative agent in $1.6 billion refinancing of Carrix, Inc., the world's largest privately held marine and rail terminal operator.
Additionally, selected corporate restructuring experience includes the following:
Corporate Restructuring
- Represented Official Committee of Unsecured Creditors of Lehman Brothers Holdings Inc. (2012 Turnaround Deal of the Year).
- Represented LightSquared, Inc. in the 2012 filing of its chapter 11 restructuring.
- Represented Ad Hoc Group of Senior Secured Lenders of NovasepHoldings S.A.S. in its then historically largest French mandataireproceedings.
- Represented Official Committee of Unsecured Creditors of Sea Launch, LLC, the world's only sea-based satellite launch provider (2010 Turnaround Cross-Border Deal of the Year).
- Represented Ad Hoc Group of Senior Secured Lenders of Lyondell Chemical Company in the company's chapter 11 proceedings, which included the then historically largest debtor-in-possession financing.
Jared’s experience includes that prior to joining Orrick.
