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John Donaleski

Partner

New York

John Donaleski focuses on complex financings for energy and infrastructure assets. 

John represents sponsors, debt providers (commercial banks, debt funds and other financial institutions (including ECAs and DFIs)), and equity providers (energy and infrastructure and private equity funds) in financings and acquisitions for various energy and infrastructure assets, including renewable power (including solar and wind), conventional power and a broad range of other infrastructure assets (including smart city and telecommunications infrastructure and oil and gas).   

Notably, he is experienced with a wide array of debt financing structures (including those placed in the commercial bank / term loan A, term loan B, private placement and direct lending markets), involving single-asset and multi-asset portfolios, whether in the form of senior secured project-level financings, or in the form of back-leveraged holdco and super holdco financings.

  • Renewable Power

    • Intersect Power in the US$1.4 billion holdco financing for a portfolio of 2.3 GWdc of late-stage solar projects with 1.8 GWh of storage. Named Americas ESG Deal of the Year by Project Finance International, North American Solar Deal of the Year by Proximo and Deal of the Year by Energy Risk Awards.
    • Clearway Energy in the investment-grade US 4(a)(2) private placement back-leverage / holdco refinancing of a 585 MW portfolio of photovoltaic (PV) solar power generation facilities in Utah, which structure included existing joint venture arrangements. Named Project Bond of the Year by Power Finance and Risk.
    • CleanCapital in a US$71.4 million construction debt financing with CIT, a division of First Citizens Bank to fund a 25 MW solar portfolio in Howard County, Maryland. The project included the largest power purchase agreement (PPA) in the state of Maryland.
    • BlackRock’s Distributed Solar Development (DSD) in a US$150 million construction debt financing and safe harbor equipment revolver with Rabobank. The construction revolver provides a flexible portfolio solution to finance and scale DSD’s distributed generation solar pipeline in the commercial and industrial space (C&I). The revolver will fund DSD’s construction needs throughout the term, with a flexible funding structure that aligns with the US$300 million back-leverage debt facility DSD secured from Credit Suisse in January 2021.
    • A private equity fund in the commercial term loan A back-leverage / holdco recapitalization financing of an approximately 500 MW portfolio of wind power generation facilities in the U.S. Southwest, which structure included cash-equity and tax-equity joint venture arrangements.
    • A renewable energy company in the back-leverage / holdco letter-of-credit financing of a portfolio of photovoltaic (PV) solar power generation facilities in Utah, which structure included existing joint venture arrangements.
    • A renewable energy company in the sale, together with its joint venture partners, of 100 MW of wind power generation facilities in Texas, which structure included existing joint venture and tax-equity arrangements.
    • Financial institutions in connection with the term loan A refinancing of a 101 MW wind power generation facility in Texas.
    • An infrastructure debt fund in connection with the holdco construction financing of a portfolio containing a photovoltaic (PV) solar power project and a thermoelectric power plant and related LNG receiving and gas transportation infrastructure in Chile.
    • Financial institutions in the term loan A construction financing of a 110 MW concentrated solar power (CSP) generation facility and a portfolio of 100 MW of photovoltaic (PV) solar power generation facilities.
    • Financial institutions in the construction financing of a 146 MW photovoltaic (PV) solar power generation facility in Chile.
    • Financial institutions in the construction financing of a 98 MW photovoltaic (PV) solar power generation facility in Chile.

    Conventional Power and Oil & Gas

    • An infrastructure fund-sponsored energy company in the investment-grade US 4(a)(2) private placement and commercial term loan acquisition financing of a 1,276 MW portfolio of combined-cycle natural-gas power generation facilities in Minnesota.
    • An investment bank and several development financial institutions in the construction financing for the design, construction, and operation of a 1,516 MW thermoelectric power plant and related LNG receiving and gas transportation infrastructure in Brazil.
    • An infrastructure fund in the acquisition and term loan B acquisition financing of a 1,100 MW portfolio containing three natural gas-fired generation facilities in New England.
    • Financial institutions in the term loan A financing of a 550 MW natural gas-fired, combined-cycle, fast-start power plant in California.
    • Financial institutions in the US 4(a)(2) private placement acquisition financing of hydrocarbon assets in Texas.
    • Financial institutions in the term loan A and holdco financing of a gas gathering and processing system in Texas.
    • Financial institutions in the bridge financing of a crude and natural-gas pipelines in Texas.
    • An energy company, and its joint venture partners, in the acquisition and financing of a 998 MW portfolio of combined-cycle natural-gas power generation facilities in Idaho, Colorado, Wisconsin and Minnesota.

    Smart Cities and Digital / Telecom Infrastructure

    • An infrastructure fund in its equity investment in and joint venture to construct a city-wide fiber network to be used by both business and residential locations in Simi Valley, California.
    • An infrastructure fund in its equity investment in and joint venture to construct a city-wide fiber network to be used by both business and residential locations in Rhode Island.
    • A smart-city technology and infrastructure company in its pilot development and license agreement with a municipality in New York.
    • An infrastructure fund in its equity investment in a city-wide open-access fiber network in Massachusetts, and joint venture arrangements relating thereto.
    • An infrastructure fund in its investment in an infrastructure technology company and leading carrier hotel datacenter provider with locations in Illinois, Missouri, Pennsylvania and Texas.
    • An infrastructure fund-sponsored fiber network company in the development and deployment of a 4G LTE shared-wholesale telecommunications services network in Mexico.
    • An infrastructure fund and a REIT with respect to the acquisition of the owner of an approximately 5,200-mile fiber network in Missouri and Illinois.
    • An infrastructure fund in its equity investment in a city-wide open-access fiber network in California, and joint venture arrangements relating thereto.
    • An infrastructure fund in its investment in an infrastructure technology company and leading datacenter provider with locations in Arizona, Texas, Utah and Virginia.
    • An infrastructure fund in its acquisition of a controlling equity interest in the owner of wireless telecommunications tower site facilities and distributed antenna systems across the United States, Puerto Rico, U.S. Virgin Islands, Canada, and Australia, and joint venture arrangements relating thereto.

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