Paul Epstein

Selected experience

• Equity Members as transaction counsel in connection with the bid for the concession to finance, operate, maintain and improve four toll roads on the island of Puerto Rico – PR-20, PR-52, PR-53 and PR-66.
• Private placement investors in connection with the financing of the Long Beach Courthouse P3 Project.
• Private placement investors on the issuance and sale of up to approximately $123 million of senior secured notes by Bulldog Infrastructure Group, LLC, a project company of Meridiam Infrastructure, for the California State University, Fresno Central Utility Plant Replacement Project. This greenfield P3 is the first to feature an impact bond, under which there is a higher interest rate if energy savings targets are not met (“Best Utilities Project of the Year” (2022) by P3 Bulletin and “North America Social Infrastructure Deal of the Year” (2021) by IJGlobal).
• United States DOT on the development of the SR 400 Express Lanes Project in the Atlanta, Georgia metropolitan area. The SR 400 Project, which is part of the Georgia Department of Transportation’s (GDOT) significant Major Mobility Investment Program (MMIP) will add two express lanes in each direction along the vital north-south transportation corridor and is part of the larger Georgia Express Lanes network designed to provide a connected transportation system with reliable trip times for motorists. Estimated project costs are in excess of $1 billion.
• Bank lenders to QIC Global Infrastructure in connection with its acquisition of Enwave’s US district energy business from Brookfield Infrastructure Group, consisting of a large-scale district energy platform across 9 cities in the US, including a 40-year concession with Syracuse University for the exclusive right to operate, maintain, and finance the University’s district energy system, and a long-term concession via a Campus Energy Agreement for the right to provide heating and cooling services to the National Western Center buildings in Denver.
• Bank lenders on a credit facility relating to the bid by Engie to acquire ownership interests in a portfolio of district energy systems, cogeneration, and landfill gas-to-energy plants across the US from Veolia Energy North America.
• Lenders on a financing in connection with the long-term concession to refurbish, operate and maintain the University of Iowa’s energy systems.
• Private placement investors on a private placement in connection with the acquisition by affiliates of Kohlberg, Kravis & Roberts of an interest in a joint venture with affiliates of NextEra Energy (the world’s largest generator of energy from the wind and sun), which owns and operates a portfolio of 12 utility-scale wind and solar projects spread across the United States, totaling 1,125MW in renewable energy capacity.
• Lenders to EdgeConneX Chicago Holdings, a wholly owned subsidiary of EdgeConnex, on a financing for the construction of cloud-enabled edge data center in Illinois leased to Microsoft Corporation (“North America Telecoms Deal of the Year” by IJGlobal).
• Broadband internet service provider (ISP) and equity investor in connection with entry into agreements for the development, construction and installation of broadband fiber-to-the-premises networks.