Bracewell’s infrastructure lawyers have represented clients on a variety of projects, including transportation, energy and social infrastructure. We have facilitated the construction of major public infrastructure projects and assisted in developing tax and financing strategies. We have handled naming rights deals and sponsorship agreements for stadiums, arenas, social infrastructure, and entertainment venues. We frequently prepare development and lease contracts that include both public and private equity and debt financing. Our clients include Major League Baseball and National Basketball Association teams, the world’s largest rodeo, local governmental entities, private entertainment venue operators, hotel developers and family offices and foundations.
Today, as never before, clients across multiple industries must adapt to rapid changes in information technology (IT). Advances in digital infrastructure, including cloud computing, colocation, networks, systems, and software, have impacted the way everyone does business. Bracewell assists infrastructure funds, real estate firms, developers, operators, and users of IT goods and services by providing solutions through a multi-disciplinary team that anticipates trends and offers guidance. Our experience includes representing clients in acquisitions, data center development and tax incentives, and agreements for procuring IT goods and services.
As one of the world’s leading energy law firms, Bracewell is unmatched in its knowledge of global energy markets and the legal, commercial and regulatory issues facing our energy clients. We are a firm of choice for infrastructure projects across the energy spectrum, including oil and gas, electric, wind, solar and battery storage projects. We recently played a central role in 10 of the 16 long-haul Permian-to-Gulf Coast pipeline projects announced in 2018, as well as the successful closing of the financing and equity arrangements for the $1.3 billion South Field Energy facility in Ohio. Bracewell serves as the chief outside counsel to Norwegian multinational Equinor on its flagship offshore wind project in the United States. We also have advised Alcazar Energy Partners on the project financing of wind and solar projects in the Middle East.
Bracewell is the only firm to be named Infrastructure and Energy Projects Team of the Year more than once at the annual Middle East Legal Awards (2017, 2018). Our infrastructure team has also been consistently recognized by IJ Global, Project Finance International and Chambers.
Our project finance and public finance lawyers have extensive experience at every stage of social infrastructure projects. This includes creating innovative public-private partnerships, or P3s, between local governments and the private sector that facilitate the development or redevelopment of arts, hospitality, medical, sports and other social infrastructure projects.
Recently, for example, we represented the sponsors and project company in the development and financing of a modern courthouse in Howard County, Maryland, through a unique P3 arrangement.
Other notable projects include Texas Medical Center, Texas Rangers Stadium, Museum of Fine Arts Houston, and the Toyota Field and STAR Soccer Complex in San Antonio, as well as the development of a convention center headquarters hotel and mixed-use development in New Orleans.
We advise public and private sector clients on transportation projects throughout the United States. Our team is currently advising lenders in connection with the Alabama River Bridge & Bayway, as well as the I-75 P3 road projects under procurement in Michigan. In early 2019, we represented Upper Bay Infrastructure Partners in its acquisition of Tidewater Transportation & Terminals to better serve the changing transportation needs in the Pacific Northwest.
Recent Notable Matters
Alcazar Energy Partners — acquisition, development and project financing of the 84 MW Al Rajef Wind Project in Jordan being procured pursuant to Jordan’s renewable energy program, which achieved successful financial close in November 2016
AP Energy Holdings Inc and South Field Energy LLC — $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project, a 1,182 MW combined-cycle natural gas electric generating facility located near Wellsville, Ohio
Apache Corporation — creation of $3.5 billion midstream company with Kayne Anderson Acquisition Corp., forming the only publicly traded, pure-play Permian Basin midstream company that is a C-corporation
Brazos Presbyterian Homes, Inc. and BHP Holding Co. — acquisition of Longhorn Village, an entrance fee life plan community in Austin, Texas, through a member substitution transaction resulting in BPHH becoming the sole member of Longhorn Village; before the change in control, Longhorn Village was previously sponsored by The Texas Exes, the official alumni association of the University of Texas
City of Arlington, Texas – development and funding agreement between the Dallas Cowboys NFL football club and the City setting forth the terms, conditions and obligations of the City and the Dallas Cowboys for the development and financing of the Dallas Cowboys Stadium. The estimated total cost of the Cowboys Stadium was approximately $1.1 billion. The Stadium was completed and opened as scheduled.
Dallas/Fort Worth International Airport — bond counsel to issuer in connection with $280.43 million of Joint Revenue Refunding and Improvement Bonds, Series 2016A
Diamond Generating Europe, Ltd. (Mitsubishi Corporation’s 100% subsidiary), Qatar-based Nebras Power Q.S.C. and the Kawar Group from Jordan — project development and financing of the 52.5 MW Shams Ma’an Solar Photovoltaic Project procured in Round 1 of Jordan’s renewable energy program
Edgemoor-Star America Judicial Partners — preferred bidder on the Howard County Maryland Courthouse P3 project, which achieved financial close in October 2018
Harvest Midstream Company—$1.125 billion acquisition from Williams Partners L.P. of certain assets in the Four Corners area, including over 3,700 miles of pipeline, two gas processing plants and a CO2 treating facility
Houston Livestock Show and Rodeo Inc. — initial development, leasing, financing and sponsorship of NRG Stadium (then Reliant Stadium), as well as ongoing matters related to further development NRG Park and redevelopment of NRG Astrodome
Idaho Wind Partners — development, financing and operations of a 183MW portfolio of wind generation projects under contact to Idaho Power
Kinder Foundation — $215 million public-private partnership for the development and financing of the Bayou Greenways 2020 project to create an interconnected park and trail system along each of the ten bayous located in Houston, Texas, including the structuring of a synthetic TIRZ financing mechanism
Kinder Morgan, Inc. — investment between Kinder Morgan Texas Pipeline LLC, DCP Midstream, LP and an affiliate of Targa Resources for the $1.7 billion Gulf Coast Express Pipeline Project, designed to transport up to 1.92 billion cubic feet per day of natural gas
Lenders — supporting a consortium bidding on the I-75 P3 road project currently under procurement in Michigan
Manchester Texas Financial Group — Representation of the owner/developer of a $390 million convention center hotel in Austin, Texas with respect to financing and construction matters. The property features over 1,000 guest rooms and suites and nearly 140,000 square feet of total meeting space.
Museum of Fine Arts Houston — served as counsel in connection with the approximately $325 million expansion and redevelopment of its current campus, including structuring an economic development agreement in connection with the project
Ophir Energy plc — $2 billion floating LNG project offshore Equatorial Guinea, including host government arrangements, LNG sales agreements, chartering agreements, joint venture arrangements, project financing, and construction
Phillips 66 Partners LP — joint venture construction and operating agreements with Andeavor and an equity option with Canadian midstream company Enbridge Inc. in relation to the Gray Oak Pipeline, LLC joint venture, and in a joint venture with Buckeye Partners LP to develop the new South Texas Gateway Terminal at the mouth of Corpus Christi Bay
Port of Houston Authority — bond counsel to issuer in connection with $300 million of Senior Lien Flexible Rate Revolving Note Program
Sacyr Infrastructure USA LLC and John Laing - as shortlisted consortium in its bid for a light rail project under procurement in Miami Beach, Florida
San Antonio Spurs Entertainment — $100 million modernization of AT&T Center and the acquisition of lease and development rights for Toyota Field and the STAR Soccer Complex, home and practice facility to San Antonio FC
Texas Department of Transportation — disclosure counsel to issuer in connection with $775.240 million Grand Parkway System Subordinate Tier Toll Revenue Bonds, Series 2018A (TELA Supported) and $100 million Grand Parkway System Subordinate Tier Toll Revenue Put Bonds, Series 2018B (TELA Supported)
Texas Medical Center — Development of a 28-acre biomedical innovation and commercialization campus known as TMC3. The facility will be a cooperative development between the medical center and four public medical institutions, including a world-renowned cancer center and a major public university’s health center. Texas Medical Center will also be entering into a participation agreement with a private party for the development, lease and operation of a hotel and conference room facility to serve the Texas Medical Center and the TMC3 project.
Texas Microgrid, LLC — first-of-its-kind 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 with up to 232 MW of generating capacity
Yuhuang Chemical, Inc. — project development and financing of a $1.85 billion greenfield methanol project in Louisiana