Cristian Blumm is an associate in the Energy, Infrastructure, Project and Asset Finance group in the Firm's Houston office. Prior to moving to Houston, he was based in the Firm's New York and Singapore offices.
His practice focuses on project development and financing, including related capital markets and other corporate transactions. He has experience advising developers, lenders and other stakeholders in connection with projects in the Americas, Asia, Europe and the Middle East, primarily in the oil and gas and petrochemical sectors and also in the renewable energy, conventional power and infrastructure sectors. His experience also includes asset-based financings in the transportation sector.
Saudi Arabian Oil Company
Representation of Saudi Aramco in connection with its US$5-6 billion potential joint venture with PT Pertamina (Persero) to acquire, expand and upgrade Pertamina's refinery at Cilacap, Indonesia as part of Pertamina's Refinery Development Master Plan (RDMP).
Drillship Offshore Brazil
Representation of ABN AMRO Bank N.V., Citibank, N.A., DNB Capital LLC, HSBC Bank USA, National Association, ING Capital LLC, Natixis, New York Branch, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation, or their affiliates, as lenders and as hedge providers in the US$803.7 million term loan financing and related bridge loan financing of the Libra FPSO project in Brazil. Pursuant to the international bid launched by Petróleo Brasileiro S.A., the borrower, a joint venture owned 50/50 by Odebrecht Óleo e Gás S.A. and Teekay Offshore Partners LP, will use such financing in connection with the hull conversion, topsides construction and operation of the Extended Well Test FPSO unit for the Libra pre-salt oil field off the coast of Brazil.
German Offshore Wind Farm
Representation of an international syndicate of noteholders, lenders and institutional investors on the €1 billion structured refinancing of German offshore wind farm "Meerwind", operated by WindMW and controlled by private equity investor Blackstone. It is the first placement of senior secured green bonds for an operational German offshore wind farm and one of the largest issues of green bonds in recent years. This transaction was recognized as the "2016 Green Bond of the Year (Project Bond)" by Environmental Finance.
Representation of Freeport LNG with respect to over US$14 billion of third party cash equity, mezzanine debt and senior secured debt financings for two of the first three liquefaction trains of the Freeport LNG multi-train natural gas liquefaction facility at Quintana Island in Texas. The individual liquefaction trains comprising the facility are separately owned and financed by wholly and partially-owned subsidiaries of Freeport LNG. The four transactions comprising the third party equity and senior secured debt financing of the first two liquefaction trains were the largest fully non-recourse project financing in history and were collectively named "2014 Global Deal of the Year" by IJGlobal, "2014 Americas Deal of the Year" by Project Finance International magazine and one of the "2014 Americas Deals of the Year" by Trade Finance magazine. The mezzanine and senior secured debt financings of the third liquefaction train subsequently closed in April 2015.
Guam Solar Project
Representation of Mizuho Bank, Ltd., as mandated lead arranger, in the US$108 million financing of a 26 MW photovoltaic solar power project in the U.S. territory of Guam. The financing consisted of a converting construction to term loan, a cash grant bridge loan and two letter of credit facilities.
Spirit Airlines EETC
Representation of Citigroup Global Markets and Morgan Stanley, as joint structuring agents and joint lead bookrunners, and Credit Suisse, as bookrunner, in the public offering and sale of US$455 million in aggregate face amount of Spirit Airlines Class A Pass Through Certificates, Series 2015-1 and US$121 million in aggregate face amount of Spirit Airlines Class B Pass Through Certificates, Series 2015-1.The proceeds from the offering, which was Spirit Airlines' first EETC and debt capital markets transaction, will be used to finance the purchase of 15 new aircraft.