Elena is a partner in the Project Development and Finance Group in White & Case’s New York office. She has significant experience in a variety of project financings in the Americas, primarily in the power, oil & gas and infrastructure sectors. Elena’s cutting-edge approach to deal structure enables her to develop innovative solutions to help clients achieve their business objectives. She combines a keen understanding of the commercial arrangements that underpin energy and infrastructure projects with a sophisticated knowledge of term loan B, mezzanine and hybrid finance structures. She also has extensive experience on acquisition financings, project bonds/private placements and other debt structured products as well as equity financings.
Elena has worked on multiple award-winning, first-of-their-kind transactions, including the Meerwind offshore wind and Panda Power Funds projects. Clients describe her as having a "finely tuned commercial sense," and providing "strong support and advice through complicated transactions," according to Chambers USA.
U.S. Well Services US$250 Million Senior Secured Term Loan, 2019
Representation of Beal Bank as sole lender in a US$250 million senior secured term loan to U.S. Well Services, a leader in electric hydraulic fracturing services and technology. The term loan provides U.S. Well Services with permanent financing and the ability to fund growth initiatives in the growing market demand for electric-powered hydraulic fracturing services.
Heritage Power US$620 Million Secured Debt Financing, 2019
Representation of GenOn, Heritage Power and its subsidiaries in connection with the US$520 million term loan B financing of Heritage Power, a 2,240 MW portfolio of 16 power generation assets in the PJM Interconnection. In addition to the term loan B, the financing included a total of nearly US$100 million in revolver and letter of credit facilities to support Heritage Power.
Revere Power US$570 Million Acquisition Financing, 2019
Representation of Carlyle as sponsor in a US$570 million loan package for the acquisition by its affiliate Revere power of a 1,100 MW portfolio of three combined-cycle gas fired facilities in New England from Emera. The financing consisted of a term loan B, term loan C and revolver.
EPIC Crude Pipeline US$350 Million Secured Bridge Loan, 2018
Representation of the lead arranger in a US$350 million secured bridge loan facility to EPIC, an affiliate of Ares Management. The proceeds will be used for the development and financing of the EPIC Crude Pipeline, a greenfield crude oil pipeline project linking the Permian Basin and Eagle Ford Basin to Corpus Christi, Texas.
MACH Gen US$600 Million Power Portfolio Restructuring, 2018
Representation of Beal Bank as lender and its affiliate CLMG as agent in negotiating and documenting the restructuring of over US$600 million in liabilities and providing DIP and exit financing in connection with the prepackaged Chapter 11 case of Talen Energy's power portfolio, MACH Gen.
Paradigm Midstream US$425 Million Acquisition Financing, 2018
Representation of Macquarie as arranger in a US$425 senior secured debt package to finance the acquisition by Ares EIF of Paradigm Energy Partners' midstream gathering systems from an affiliate of Stonepeak Infrastructure Partners. The acquisition consists of two oil and natural gas gathering systems in North Dakota and a third in South Texas, along with joint venture interests in the Sacagawea Pipeline Company and various logistics assets in North Dakota.
Hunterstown CCGT US$440 Million Acquisition Financing, 2018
Representation of Morgan Stanley and Goldman Sachs as lead arrangers in a US$440 senior secured credit package to finance the acquisition by Platinum Equity of the 810 MW Hunterstown combined-cycle gas-fired power plant from GenOn. Hunterstown is located in Pennsylvania along the PJM Interconnection. The financing consisted of a term loan B, an incremental term loan and a revolving facility.
Medallion Gathering & Processing US$725 Million Acquisition Financing, 2017
Representation of Global Infrastructure Partners in connection with a US$725 million term loan B to finance its acquisition of Medallion Gathering & Processing, the largest, privately held crude oil transportation system in the Midland Basin of West Texas.
Traverse Midstream US$1.285 Billion Senior Secured Term Loan, 2017
Representation of Deutsche Bank and JPMorgan Chase as lead arrangers in a US$1.285 billion senior secured term loan to Traverse Midstream Partners, a pipeline investor with a portfolio of non-operated midstream assets, including the 715-mile Rover Pipeline and the 52-mile Ohio River System pipeline that both harness natural gas from the Marcellus and Utica shales.
Meerwind Offshore Wind €1 Billion Refinancing, 2015
Representation of an international syndicate of noteholders, lenders and institutional investors (after initially representing the lead placement agent and sole structuring agent) in an approximately €1 billion multi-currency, multi-tranched refinancing of the 288 MW Meerwind offshore wind farm, operated by WindMW and controlled by Blackstone and the first fully operational privately-financed offshore wind in Germany. The complex refinancing was the first placement of senior secured green bonds for an operational German offshore wind farm and one of the largest issuances of green bonds in recent years. The deal was awarded "Green Bond of the Year" by Environmental Finance 2016.
Panda Hummel CCGT Project US$900 Million Hybrid Financing, 2015
Representation of Goldman Sachs, Investec and ICBC as joint lead arrangers in the approximately US$900 million hybrid-term loan A and term loan B funding for the construction, operation and maintenance of an approximately 1,124 MW 3x1 combined cycle natural gas-fired electric generating unit to be constructed in Snyder County, Pennsylvania. The deal was selected as "North American Merchant Power Award" by IJGlobal 2015.
Listed in Euromoney's Women in Business Law Guide for Project Finance, 2020
Band 3: Projects – Nationwide, Chambers USA 2020