Peter Dagher

Associate, New York

Biography

Overview

Peter is an associate in White & Case's Energy, Infrastructure, Project Finance and Asset Finance Group in New York.

His practice focuses on infrastructure projects (in the power generation, oil and gas, and renewables sectors) and aircraft finance (asset-based, corporate, and Export-Import Bank supported loans). He has represented investment banks, private equity funds, large institutional clients, airlines and aircraft leasing companies in connection with international and domestic transactions.

Bars and Courts
New York State Bar
Education
LLM
European Law
Université Paris II Panthéon-Assas
JD
Fordham University School of Law
BS
Finance and International Business
Georgetown University McDonough School of Business
Languages
English
German

Experience

Representation of Saudi Aramco in connection with its US$29.4 billion Initial Public Offering on the Saudi Stock Exchange (Tadawul), which was the world's largest IPO in history. At listing, Saudi Aramco's valuation was US$1.7 trillion, making it the world's most valuable public company.

Representation of Carlyle Power Partners and Cogentrix Energy Power Management LLC in its US$590 million acquisition of and related financing for three natural gas-fired generation facilities in New England, known as Bridgeport Energy, Tiverton Power and Rumford Power.  The generation facilities were sold by Emera, Inc. and have a combined capacity of approximately 1,100 MW.

Representation of MUFG Union Bank, N.A. as the initial guaranteed lender in connection with an Aviation Capital Group (ACG) guaranteed financing for one Boeing 747-8F aircraft to be operated and leased by AirBridgeCargo Airlines. This transaction marked the first ever aircraft financing under ACG's Aircraft Financing Solutions program, in which ACG insures the repayment of principal and interest payable by the borrower / lessee. 

Representation of the Saudi Arabian Oil Company (Saudi Aramco) on multiple confidential matters.

Representation of Goldman Sachs, IDB Invest, IFC, and Swiss Export Risk Insurance (SERV) in connection with the structuring of the financing for the design, construction, and operation of the CELSE project - a 1,516 MW thermoelectric power plant and related LNG receiving and gas transportation infrastructure (including an FSRU charter), located in Brazil.  In connection with the financing, Goldman Sachs served as global coordinator, sole book-running manager and sole initial purchaser in the offering by a Luxembourg special purpose vehicle (Lux SPV) of Senior Secured Notes.  The Lux SPV used the proceeds from the notes to purchase zero withholding tax Brazilian debentures issued by CELSE, which were insured by SERV for 95% of the payment obligations.  CELSE also received committed loans from IDB Invest and IFC. At approximately BRL$5.0 billion (U.S.$1.8 billion), this transaction was the largest LNG-to-power financing in Latin America at the time of closing. 

Representation of a confidential client who is providing mezzanine financing to support the construction and development in Chile of (i) a photovoltaic solar power project and (ii) an integrated gas to power project including a combined cycle gas-fired power plant, an LNG floating storage and regasification terminal (with multiple users) along with a dedicated FSRU, and related pipelines and transmission lines.

Representation of Global Infrastructure Partners in its US$1.825 billion acquisition of Medallion Gathering & Processing, LLC, the largest privately held crude oil transportation system in the Midland Basin of West Texas.

Representation of Deutsche Bank and JPMorgan Chase & Co. in connection with a US$1.385 billion term loan to Traverse Midstream Partners LLC, a pipeline company whose portfolio includes the 715-mile Rover Pipeline and the 52-mile Ohio River System pipeline.

Representation of Pegasus Airlines on the AFIC-backed financing to purchase three new 737-800 aircraft and on multiple US Export-Import Bank related transactions including prepayments, wet leases and engine substitutions.

Representation of Wings Capital Partners in connection with a secured revolving loan facility with Wells Fargo Securities, LLC and a secured commercial paper conduit facility with Crédit Agricole Corporate and Investment Bank used to finance the purchase of aircraft leased to various domestic and international airlines.

Representation of IFM Investors in the sale of Essential Power, a 1,767 MW power generation portfolio to the Carlyle Group.

Publications

Social Impact Bonds and the Private Benefit Doctrine: Will Participation Jeopardize a Nonprofit's Tax-Exempt Status?, 81 Fordham Law Review 3479, 2013

Awards and Recognition

Fordham Law Review

Fordham Moot Court Board

Alpha Sigma Nu