Nicolai Sarad advises financial institutions, developers, equity investors and governmental agencies in the United States and internationally on project structuring, development and financing, acquisitions and dispositions, and restructurings, as well as operation and maintenance. He focuses on infrastructure projects, including public private partnerships (P3), thermal and renewable power, biofuels, water, mining, process plants and major manufacturing.
Nick’s experience includes working on site selection and negotiating government incentive packages on behalf of private investors and governmental agencies. In addition, Nick represents lenders and borrowers in secured and unsecured corporate, asset-based and structured financings.
Recent Notable Matters
CARES Act Loan Programs — advising lenders and borrowers on documenting and other aspects of the loan programs offered under the US Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
DIF Infra and Idaho Wind Partners — refinancing of the Idaho Wind Partners 183 MW portfolio of wind generation assets in Idaho related to the acquisition by DIF of the balance of equity in Idaho Wind Partners
Compañía Española de Financiación del Desarrollo (COFIDES) — term loan financing for a leading hospitality Group in connection with expansion of its brand in the United States
Algonquin Power — long-term back-leverage equity financing to a subsidiary of Abengoa that holds an interest in the Vista Ridge water project under development in San Antonio, Texas, the largest P3 water project in North America
Texas Microgrid, LLC — project financing for the construction and operation of a portfolio of distributed microgrids consisting of ultra-clean natural gas-fired generators within ERCOT service territory
Citibank, N. A. — project financing for an affiliate of Metrus Energy LLC with respect to the installation and maintenance of certain energy efficiency solutions to be installed at properties owned by a leading medical device manufacturer
Edgemoor-Star America Judicial Partners — procurement and financial closing of the Howard County Maryland Courthouse P3 project, which achieved financial close in October 2018, P3 Awards winner for Best Social Infrastructure Deal of the Year and Best Social Infrastructure Financial Structure of the Year, 2019
Lenders — supporting a short listed consortium on the bid phase for the I-75 P3 road project in Michigan
Lenders — supporting a short listed consortium on the bid phase for the Mobile Bayway Bridge and I-10 Improvements P3 project in Alabama
Tozzi Renewable Energy and Ergon Peru (SAC) — bridge loan and term loan facilities to finance three concessions for the installation and operation of autonomous photovoltaic panels in areas not connected to the interconnected network of Peru
JP Morgan Securities and Barclays Capital — as underwriters, on the issuance of tax-exempt private activity bonds for the Portsmouth Bypass Project, the first P3 road project in Ohio which also had a TIFIA loan*
Idaho Wind Partners — development, financing and operations of a 183MW portfolio of wind generation projects under contract to Idaho Power
Government of Cyprus — tender of a concession for the redevelopment of the Port and Marina of Larnaca*
Lenders — supporting a shortlisted bidder for the Central 70 P3 Project in Colorado *
European investor — acquisition of a multinational telecommunications backbone and infrastructure provider with assets across Latin America*
Sacyr Infrastructure USA LLC and John Laing — as shortlisted consortium in its bid for a light rail project under procurement in Miami Beach, Florida
Administrative agent and senior bank lenders — strict foreclosure, restructuring of debt and equity, and tax structuring of the Pocahontas Parkway toll road project in Virginia*
Puma Energy — refinancing of its acquisition of Exxon-Mobil’s Central American downstream assets located in six Central American jurisdictions*
Sacyr Industrial USA LLC — negotiation of EPC contracts for the remodeling of two biomass power plants in North Carolina*
Abengoa Bioenergy — financing of the Hugoton (Kansas) combined cellulosic ethanol production facility and related biomass-fired power plant under a project financing by the Federal Financing Bank guaranteed by the U.S. Department of Energy under the Section 1705 DOE Loan Guaranty program*
Various financial institutions — variety of syndicated and bilateral loans across sectors*
* Work completed prior to Bracewell
Publications and Speeches
Moderator, “When Public-Private Partnerships Work” Project Finance & Capital Markets Latin America 2020, Miami, February 10, 2020.
Moderator, “Power Markets and Power Prices” Offshore Wind Finance & Investment Summit, San Diego, February 4, 2020
“Illustrating Public-private Partnership Applications in Construction” Construction Executive, April 2019
Moderator, “Choosing Between P3 and Traditional Funding Methods”, The Bond Buyer’s Transportation/P3 Conference, Dallas, November 29, 2018.
Moderator, “Charting the Continued Growth of P3 Utilization in Higher Education” 12th Annual North American Energy and Infrastructure Finance Forum, New York, September 19, 2017.
Moderator, “What Is Driving the Growing Interest in Public Private Partnerships as a Viable Funding Method?” 11th Annual North American Energy & Infrastructure Finance Forum, New York, September 21, 2016.
Moderator, “Power Generation and Market Design – Looking Ahead,” 31st Annual Platts Global Power Markets Conference, Las Vegas, April 20, 2016.
Moderator, “Pending Repayments and Nowhere to Refinance: What Are the Options for Corporates to Refinance or Extend Maturities Over the Next Two Years?” Bonds, Loans & Derivatives Brazil 2016 Conference, São Paulo, April 13, 2016.
Moderator, “Regional Analysis: What Are the Hottest Markets for Infrastructure Investment in Latin America?”10th Anniversary Latin American Energy & Infrastructure Finance Forum, Miami, March 14, 2016.
Moderator, “To What Extent Have Derivatives Become More Important as a Result of Global Market Volatilities, and How Is This Impacting Corporate Financing Activities?” Bonds, Loans & Derivatives Andes 2016 Conference, Bogotá, Columbia, February 23, 2016.
Panelist, “The Aviation Market in Brazil and the U.S.,” Webinar, New York, November 5, 2015.
Moderator, “2 in 1 Case Study: Pennsylvania Rapid Bridge Replacement P3 and Ohio’s Portsmouth Bypass P3,” 10th Annual North American Energy & Infrastructure Finance Forum, New York, September 9, 2015.
“A New York P3 State of Mind,” Project Finance International, Issue 556, July 1, 2015.
Panelist, “Public-Private Partnerships: Why They Are Created, How They Work and What Happens When They Don’t, Part 1,” March 18, 2015.
Moderator, “Long Term Investment Opportunities in Latin America,” 9th Annual Latin American Energy & Infrastructure Finance Forum, Miami, March 11, 2015.
Moderator, “Uncovering New Sources of Liquidity and Diversifying Funding,” 8th Annual Latin American Energy and Infrastructure Finance Forum, Miami, March 12, 2014.