Patrick Selinger
Partner
Patrick advises clients in connection with a wide range of transactional matters, with a focus on the development, financing, acquisition, and disposition of energy and infrastructure projects.
Key Matters
Some of the experience represented below may have been handled at a previous firm.
- Representing Patriot Rail its acquisition from BRX Transportation Holdings of Pioneer Lines, Inc., a railroad holding company operating 15 short line railroads across 12 states in the United States
- Representing a leading renewable energy company in the acquisition of 250 MW development-stage battery storage project in Texas
- Representing the portfolio company of an international infrastructure fund in its acquisition of a logistics company providing rail and transloading, warehousing and distribution services
- Representing Patriot Rail in the acquisition of Granite State Scenic Railway, a 54-mile scenic railroad operating in the White Mountains and Lakes Region of New Hampshire
- Representing Meridiam Infrastructure, Kiewit Development Company, and Kiewit Meridiam Partners LLC in connection with the refinancing of the Central 70 Project, which consists of improvements to an approximately 10-mile stretch of I-70 East in greater Denver, Colorado, consisting of a US$464.96M TIFIA Loan to replace a US$41M TIFIA Loan provided in 2017, which was refinanced with the issuance of two series of taxable bonds in the amount of US$51.7M and US$464.9M , which were also used to fund additional project costs; the project was awarded the “North America Transport Deal of the Year” at the 2021 Proximo Americas Deals of the Year Awards
- Representing Patriot Rail in its acquisition of Delta Southern Railroad Inc., a short line railroad company operating over 40 miles of track serving two port facilities in Louisiana
- Representing an owner and operator of fixed-base operators (FBOs) in connection with acquisitions of additional fixed-base operator (FBO) assets and related incremental financing facilities
- Representing Harrison Street in the acquisition of Blackbird Air Force Living, LLC, which operates and maintains 4,095 homes located on six Air Force installations pursuant to a long-term public private partnership with the Air Force, including: Edwards Air Force Base (California), Eglin Air Force Base and Hurlburt Field (Florida), Eielson Air Force Base (Alaska), McConnell Air Force Base (Kansas), and Seymour Johnson Air Force Base (North Carolina
- Representing an international infrastructure fund in connection with the refinancing of an approximately 1600 MW portfolio of wind energy generating projects, including a senior secured term loan facility and senior secured revolving letter of credit facility
- Representing an international infrastructure fund in connection with the refinancing of a portfolio of solar power generating projects, including a senior secured term loan facility and senior secured revolving letter of credit facility
- Representing Axium Infrastructure in connection with the acquisition of a 50% indirect interest in Georgetown Energy Partners LLC, which is party to a long-term concession agreement with Georgetown University to operate, maintain, and modernize the University’s utility system including steam, chilled water, power and domestic water for their main campus location and downtown law center facilities; the project was awarded the “Social Infrastructure ESG Award” at the 2022 IJGlobal ESG Awards
- Representing Patriot Rail and Ports in the sale of Patriot Port Holdings LLC, which operates six terminals in Jacksonville, FL, Savannah, GA, Mobile, AL, and Sunny Point, NC with approximately 1.2 million square feet of industrial warehouse capacity, including 10.2 million cubic feet of cold storage
- Representing Patriot Rail in its acquisition of Salt Lake, Garfield and Western Railway, a 26-mile short line railroad located in Salt Lake City’s industrial corridor, and its related entities that provide storage and transload services
- Representing Denver Rail (Eagle) Holdings Inc. (a subsidiary of John Laing Group PLC) in the acquisition of additional equity interests in the Denver Eagle P3 Project to increase its ownership to 50%, which operates and maintains commuter rail lines across the Denver metropolitan area, including a line connecting Denver International Airport to Denver Union Station
- Representing Empire State Thruway Partners LLC in connection with a project to redevelop, finance, operate, and maintain 27 service plazas along the New York State Thruway pursuant to a lease agreement with the New York State Thruway Authority; the project was named the “2021 Public-Private Partnership Financing Deal of the Year” by The Bond Buyer and was awarded the “North America P3 Deal of the Year” at the 2021 Proximo Americas Deals of the Year Awards
- Representing Manulife Investment Management and certain affiliates in connection with the acquisition, alongside Abertis Infraestructuras, S.A., from of Elizabeth River Crossings HoldCo, LLC and its wholly owned subsidiary, Elizabeth River Crossings OpCo, LLC, which operates and maintains the Elizabeth River Tunnels Project under a 58-year concession agreement with the Virginia Department of Transportation
- Representing the subsidiary of an international infrastructure fund in connection with a US$48.5M term loan facility and a US$12M letter of credit facility to refinance a solar photovoltaic power generating facility located in California
- Representing Axium Infrastructure in connection with its acquisition, and financing of the acquisition, of 100% of the membership interests in WETT Holdings LLC, owner of 100% of the membership interests in Wind Energy Transmission Texas, LLC (WETT), from PSP Investments and Brookfield Infrastructure Partners. WETT owns and operates 375 miles of 345 kV transmission lines and six substations across eleven West Texas counties as part of the Competitive Renewable Energy Zone program
- Representing Axium Infrastructure in connection with its acquisition of a 19.6% indirect interest in Autopistas Metropolitanas de Puerto Rico, LLC, which operates and maintains PR-22 (the Jose de Diego Expressway), a 52-mile, 4- and 6-lane toll highway that stretches westward from San Juan to Arecibo along Puerto Rico’s northern coast and Puerto Rico’s most heavily travelled roadway, and PR-5 (Rio Hondo Expressway), a 2.5-mile eastward extension of PR-22 to Bayamon, under a long-term concession agreement with the Puerto Rico Highways and Transportation Authority
- Representing an owner and operator of a portfolio of fixed-base operator (FBO) assets in connection with a term loan and delayed draw credit facility
- Representing an international infrastructure fund in the acquisition of a 521 unit/861 bed on-campus student housing project at the University of Iowa
- Representing a lender in the financing of portfolio of landfill gas processing projects
- Representing SteelRiver Infrastructure Partners in the sale of PNG Companies, a portfolio of regulated local gas utilities engaged in the distribution of natural gas for US$4.275B
- Representing SteelRiver Infrastructure Partners in the sale of Patriot Rail and Ports, which operates a portfolio of 12 short line freight railroads with more than 585 track miles across 14 states in the United States
- Representing SteelRiver Infrastructure Partners in the sale of Trans Bay Cable LLC, which owns a 53-mile, high-voltage direct current underwater electric transmission cable system buried under the San Francisco Bay
- Representing Axium Infrastructure in the acquisition of BBCS-Hawkeye Housing LLC, which owns a 521 unit/862 bed on-campus student housing project at the University of Iowa known as Aspire at West Campus and is operated pursuant to a long term ground lease and operating agreement with the University of Iowa
- Representing Brooklyn Navy Yard Cogeneration Partners, L.P. in connection with the issuance of US$322,512,400 of senior secured notes privately placed with institutional investors, a US$30M letter of credit facility and a US$82,125,000 subordinated loan from Build NYC Resource Corporation made from the proceeds of tax-exempt refunding revenue bonds issued by Build NYC Resource Corporation. The proceeds from the financing were used to redeem approximately US$31M of senior secured bonds issued by Brooklyn Navy Yard Cogeneration Partners, L.P. in 1997 and 2004, defease US$307M of tax-exempt industrial revenue bonds issued by the New York City Industrial Development Agency in 1997 and prepay a US$60M bridge loan
- Representing Axium Infrastructure in its acquisition of Brooklyn Navy Yard Cogeneration Partners L.P., which owns and operates a 286 MW gas-fired plant that supplies electricity and steam to New York City
- Representing Meridiam Infrastructure, Kiewit Development Company, and Kiewit Meridiam Partners LLC in connection with a project to design, build, finance, operate, and maintain the approximately US$1 billion Central 70 Project, which consists of improvements to an approximately 10-mile stretch of I-70 East in greater Denver, Colorado from I-25 to Chambers Road, adding one new tolled express lane in each direction, removing the existing viaduct, lowering the highway between Brighton Boulevard and Colorado Boulevard, and placing an approximately four-acre cover over a portion of the lowered highway; the project received the Gold Award as the “Best Road/Bridge/Tunnel Project” and the Gold Award for the “Best Financial Structure” at the 2018 P3 Awards
- Representing HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, Northleaf Infrastructure Capital Partners LP, and Northleaf Infrastructure Capital Partners II LP, and DIF Infrastructure IV Cooperatief in connection with the acquisition and financing of Northwest Parkway LLC and GO-PASS Mobility Services LLC, which provides certain electronic toll collection systems and services to Northwest Parkway LLC. Northwest Parkway LLC operates the Northwest Parkway, an 8.9-mile segment of the partial beltway system extending around the Denver metropolitan area, under a 99-year concession and lease agreement with the Northwest Parkway Public Highway Authority, which was originally granted in 2007; the deal was recognized as the North American M&A Deal of the Year at the 2017 IJGlobal Awards
- Representing John Laing Investments in connection with its equity investment in a project to develop, design, build, finance, operate, maintain, and toll high occupancy/toll lanes (in each direction), access points to the high occupancy/toll lanes and to park and ride facilities, interchanges, new transit and park and ride facilities, and associated facilities along the 22-mile I-66 corridor from I-495 (Capital Beltway) in Fairfax County to US 29 (Gainesville) in Prince William County; the project received the Gold Award as the Best Transportation Project at the 2017 P3 Awards & Conference and was recognized as the North American Roads Deal of the Year at the 2017 IJGlobal Awards, the Silver Award as the “Best Road/Bridge/Tunnel Project” at the 2018 P3 Awards and was recognized as the North American Roads Deal of the Year at the 2017 IJGlobal Awards
- Representing Plenary Properties Purdue, LLC, in connection with a project to develop, design, build, finance, operate and maintain two new student housing facilities to accommodate approximately 1,300 beds at Purdue University’s West Lafayette campus
- Representing an international infrastructure fund (operating jointly with a joint venture partner) in the acquisition and financing of a microgrid and district energy system with capacity of 101 megawatts of electricity, 1,000,000 pounds per hour of steam, and 41,000 tons of chilled water serving five hospitals and the Harvard Institutes of Medicine in the Longwood Medical Area in Boston
- Representing an international infrastructure fund in the acquisition of a 110 MW solar portfolio in North America
- Representing an international infrastructure fund in the acquisition and going private of a gas storage MLP valued at US$912M
- Representing a Japanese trading house in connection with its participation in a joint venture among a consortium of investors for the financing and development of a U.S. Gulf Coast LNG export facility, including advising on associated supply chain transaction matters and LNG sales arrangements
- Representing a Japanese trading house in connection with the development of an LNG export terminal in Western Canada
- Representing a publicly traded provider of energy, water and hygiene technologies in its US$2.16B acquisition of a privately held provider of specialty chemicals and related services to customers in the oil and gas industry
- Representing Aldridge Electric, Inc., as the D&C contractor, and Aldridge Freeway Lighting, LLC, as an equity investor, in connection with a project in Michigan to design, build, and finance improvements to existing freeway and tunnel lighting systems in the Detroit Metro Region and operate and maintain these lighting systems for a period of 15 years; the Metro Region Freeway Lighting P3 Project is the first freeway lighting PPP project in the United States and the first PPP project in Michigan
- Representing the preferred bidder for an approximately US$500M project to design, build, finance, operate and maintain five new interconnected buildings critical to the criminal justice system of the City of Indianapolis, Indiana and Marion County, Indiana, including an adult detention center, community corrections facility, courthouse, juvenile justice center, sheriff's department and parking facilities
- Representing a multi-national commodity trading company in connection with a US$20M borrowing base facility used to finance its physical cotton trading activities in the United States and Asia
- Representing an independent power producer in its sale of a 300 MW natural gas fired generating facility
- Representing a developer in a greenfield LNG export terminal and an interstate pipeline
- Representing a privately held glass manufacturer and its special committee in its sale to a multinational corporation
- Representing a private equity fund in its bid to acquire a 286 MW natural gas-fired cogeneration facility
- Representing a private equity fund in connection with the potential acquisition of a tow boat and barge company
- Representing a sovereign wealth fund in its bid to acquire a group of electric power distribution and transmission companies in South America for approximately US$600M
- Representing a private equity fund in the acquisition and development of a series of rooftop solar photovoltaic electricity generation projects
- Representing Enova Energy Group, LLC and its project company, Plainfield Renewable Energy, LLC, in the development and US$224.5M project financing of a 37.5 MW (net) biomass-fired electricity generating facility to be located in Plainfield, Connecticut; the project was recognized by Project Finance magazine as its “North American Mezzanine Deal of the Year 2011” and by Power Finance & Risk as a finalist for its 2011 Deal of the Year for Renewables
- Representing an international club of lenders in the approximately US$925M project financing of a new, world-scale, membrane chlor-alkali facility in Texas