Thomas Pate

Partner, New York

Biography

Overview

Thomas advises sponsors, lenders and other investors (including investment banks, funds and institutional investors) in complex, and many times cutting-edge, project and structured finance transactions, PPP transactions and on other financing arrangements across a number of emerging markets, and primarily in Latin America and the Caribbean.

Thomas is a resident of the Firm's New York Office and he receives high praise for his pragmatic solution-oriented approach. Some of the recent transactions that Thomas has led have received industry-wide recognition, including "Structured Bond of the Year" by Bonds & Loans Latin America Awards 2019 and "Latin America Renewables Project Finance Deal of the Year" by Power Finance & Risk and Bonds & Loans 2018.

Bars and Courts
New York State Bar
District of Columbia Bar
Florida State Bar
Venezuela
Education
LLM
Harvard Law School
JD
University of Miami School of Law
JD (equivalent)
Universidad Católica Andrés Bello
Languages
English
Spanish

Experience

Atlas Renewable Energy (Chile)
Representation of Atlas Renewable Energy, as sponsor in connection with its US$253 million issuance of notes in the form of a private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933. The innovative transaction is the largest solar PV green private placement in Latin America to date. The proceeds of the notes are expected to be used to (i) develop and construct a 244 MWp solar project and (ii) refinance an existing 70 MWp solar project, both of which are located in Chile. 

Rutas 2 and 7 Project
Representation of Sacyr Concesiones S.L. and Ocho A S.A., as sponsors, Rutas del Este S.A., as borrower, and Rutas 2 and 7 Finance Limited, as issuer, in the US$458 million zero coupon Rule 144A/Regulation S bond arranged by Goldman Sachs & Co. LLC, acting as sole global coordinator and a US$200 million working capital and long-term project finance facilities provided by the Inter- American Development Bank, in each case for the design, construction, operation and maintenance of the 2 and 7 Road Project in Paraguay. 

Salaverry Port Project
Representation of Trabajos Marítimos S.A., as sponsor, and Salaverry Terminal Internacional S.A. (STI), as borrower, in connection with limited recourse financing the proceeds of which will be used to expand the Salaverry Multipurpose Port in Peru.

LNG to Power Project
Representation of Invenergy and Energía del Pacifico, Ltda. de C.V., as sponsor and borrower respectively, in the development and financing of a 378 MW power plant in El Salvador and its related infrastructure, including a floating storage and regasification unit (FSRU) permanently moored through a modified spread mooring system for liquefied natural gas (LNG) delivery, storage, and regasification, as well as a natural gas pipeline running from the FSRU to the power plant.

Atlas Renewable Energy (Uruguay)
Representation of Atlas Renewable Energy in connection with its US$114.4 million, long-term financing for two solar power projects in Uruguay. The two projects use 238,720 solar panel modules with an installed capacity of 75.8MWp. Atlas estimates the plants will remove 55,500 tons of carbon dioxide emissions annually and power close to 50,000 homes.

Project Huatacondo
Representation of Banco BICE, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, The Iyo Bank, Ltd. and Nippon Export and Investment Insurance in connection with the negotiation and execution of the financing documents for a non-recourse project financing for a 98 MW PVac one axis tracker solar photovoltaic power generation plant known as Project Huatacondo, located in the region of Tarapacá, Chile, and its related 10km 200kv high tension transmission line. 

La Virgen Hydroelectric Power Project
Representation of Corporación Andina de Fomento and DEG – Deutsche Investitions- Und Entwicklungsgesellschaft MBH in connection with the long-term project financing for a hydroelectric power project in Peru with an installed capacity of 84 MW and a 63 km transmission line in the province of Junin, Peru.

La Jacinta Solar Farm
Representation of Invenergy LLC in the purchase of the 64 MW La Jacinta Solar Farm in Uruguay from Fotowatio Renewable Ventures, and an innovative US$68 million hybrid A Loan and B Bond refinancing with the participation of IDB Invest. The A/B structure combines traditional A Loan bank financing with a US$64.75 million B Bond private placement under Section 4(a)(2) and Regulation D of the Securities Act of 1933. 

Awards and Recognition

Next Generation Partner, The Legal 500 Latin America, Banking and Finance, 2019

Next Generation Partner, The Legal 500 Latin America, Projects and Energy, 2019

Chambers and Partners, Chambers Global: Spotlight, Banking & Finance (USA)

Chambers and Partners, Chambers Global: Experts Based Abroad, Banking & Finance