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Ryan Covington is an associate in the Firm's Energy, Infrastructure, Project and Asset Finance group at White & Case in New York. His practice focuses on domestic and international project finance transactions and other corporate transactions.
Representation of AMP Capital Investors Ltd., an Australian specialist global investment manager and subsidiary of Australia's largest retail and corporate pension provider, in the acquisition of Everstream Solutions LLC, a super-regional network service provider of fiber-based Ethernet, internet and data center solutions.
Representation of Global Infrastructure Partners, a leading global, independent infrastructure investor, 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 Calpine Corporation, America's largest generator of electricity from natural gas and geothermal resources, in its US$17 billion sale to Energy Capital Partners, an energy-focused private equity firm, and a consortium of investors including Access Industries and Canadian Pension Plan Investment Board.
Representation of a Deutsche Bank and JPMorgan Chase & Co as joint lead arrangers and joint bookrunners in a US$1.385 billion senior secured term loan for Traverse Midstream Partners. Proceeds will be used to fund ongoing capital requirements associated with Traverse's interests in the 715-mile Rover Pipeline and the 52-mile Ohio River System pipeline that both harness natural gas from the Marcellus and Utica shales.
Representation of KEXIM and The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., Natixis, New York branch, and Sumitomo Mitsui Banking Corporation as mandated lead arrangers and lenders, in connection with the design, engineering, procurement, construction, financing, ownership, operation and maintenance of Kelar S.A., an up to 517 MW combined-cycle gas power plant located in the province of Antofagasta, Chile. This matter was named "Latam Power Deal of the Year" in Project Finance International's annual Year Book 2014 and won the 2014 "Latin American Power Deal of the Year" by IJGlobal.