Karen Neugroschl
Associate
Karen focuses her practice on a broad range of corporate and finance transactions, with a particular focus in the energy and infrastructure sectors.
Key Matters
- Represented Capital Power Corporation in connection with its purchase of the 1,062 MW La Paloma natural gas-fired generation facility in California from CSG Investments, Inc., a subsidiary of Beal Financial Corporation.
- Represented Capital Power Corporation in connection with its purchase, together with an affiliate of a fund managed by BlackRock's Diversified Infrastructure business, of the 1,092 MW Harquahala natural gas-fired generation facility in Maricopa County, Arizona from CSG Investments, Inc., a subsidiary of Beal Financial Corporation.
- Represented Basalt Infrastructure Partners LLP in connection with the sale of Project Hyperion, LLC, a portfolio of 121 megawatts of operating distributed solar projects located in Massachusetts, North Carolina, South Carolina, California, New Jersey, and Georgia.
- Represented the lenders, ING Capital LLC, JPMorgan Chase Bank, N.A., and Royal Bank of Canada, in connection with a US$350M credit facility and the note purchasers of US$475M of senior secured notes, the proceeds of which will all be used to refinance SH 130 (Segments 5 and 6). Segments 5 and 6 cover the southernmost approximately 41 miles of SH 130 to its terminus at I-10 and were developed through a design-build-finance-operate-maintain private partnership between TxDOT and the SH 130 Concession Company, LLC.
- Represented JLC Infrastructure in connection with its investment in the 13.3 MW cogeneration facility that serves Hudson Yards in New York City as a microgrid and district energy system. As part of the transaction, JLC entered into a joint venture with Related Companies and Oxford Properties Group, developers of Hudson Yards. Financing for the transaction was provided through a private placement of notes to an institutional purchaser.
- Represented Crowe LLP, a leading public accounting, consulting, and technology firm, in the carveout sale of its technology-enabled healthcare consulting business to TPG, a global alternative asset management firm.
- Represented institutional investors in connection with their purchase of privately placed Washington Economic Development Finance Authority Environmental Improvement Revenue Bonds (Burnham SEV Pasco LLC Project), Series 2023 (Federally Taxable) (Green Bonds) to provide project financing for the construction and development by Burnham SEV Project LLC of a wastewater treatment and renewable natural gas facility in Pasco, WA.
- Represented Capital Power Corporation, John Hancock Life Insurance Company (U.S.A.), and Manulife Infrastructure Fund II in connection with their acquisition of the 1,633 MW Midland Cogeneration Venture from OMERS Infrastructure Management and its co-investors.
- Represented Barings LLC in connection with the purchase by Massachusetts Mutual Life Insurance Company and other institutions of senior secured notes to provide financing for the acquisition of the 36-mile Caddeaux Gas Gathering System in Texas and Louisiana by Saber Midstream, LLC, a portfolio company of ArcLight Energy Partners Fund VII.
- Represented 123-year-old Thomas Publishing Company, a leader in product sourcing, supplier selection, and digital marketing solutions, in connection with its $300,000,000 sale to Xometry, Inc.