Troy advises sponsors, lenders and sovereign government clients on international finance and banking matters, with strong focus on project finance. He has helped numerous clients to develop and finance major international projects, often worth billions of US dollars.
Recognized by leading professional directories as a top tier project finance practitioner, Troy's experience in this area spans a wide range of sectors, but he is particularly active in the power and oil and gas industries.
Through his general corporate work, Troy has accumulated a wide-ranging understanding of a variety of projects and structures and a broad base of knowledge which he brings to his advisory practice. He has been involved in construction projects, joint ventures, leasing, corporate acquisitions, public securities offerings and domestic and international loan transactions.
Having worked for more than three years in Jakarta on various public and private sector matters, he also has an excellent working knowledge of doing business in the Asia-Pacific region.
Kelar Chile, 2014
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 approximately US$700 million project financing for the design, engineering, procurement, construction, financing, ownership, operation and maintenance of an up to 517 MW combined-cycle gas power plant, Kelar, located in the province of Antofagasta, Chile.
PV Salvador SpA, 2013
Representation of PV Salvador SpA as the project company, and its shareholders Holding Solventus Salvador SpA, Total Nuevas Energías Chile SpA, and Etrion Chile SpA, in connection with the development, construction and financing of the 70 MW Salvador solar photovoltaic power project in the Atacama desert region of Chile, the world’s largest merchant solar project.
BBVA, BNP Paribas, Credit Agricole Securities, Banco Santander and Société Générale, 2012
Representation of BBVA, BNP Paribas, Credit Agricole Securities, Banco Santander and Société Générale, as initial purchasers, (as co-counsel) in connection with the Rule 144A/Regulation S issuances by CE Oaxaca Dos of US$148 million of notes and by CE Oaxaca Cuatro of US$150 million of notes. Located near Oaxaca, Mexico, the Oaxaca Dos and Oaxaca Cuatro projects each generate 102 MWs of power. These were the first two project bond offerings for wind farm projects in Mexico, and this transaction was selected as 2012 Latin American Project Bond Deal of the Year by Project Finance magazine and as 2013 Best Renewable Energy Financing by LatinFinance magazine Infrastructure Finance Awards.
Qatar Petroleum and Exxon Mobil, 2011
Representation of Qatar Petroleum and Exxon Mobil as sponsors on the closing of its US$10.3 billion Barzan Gas Project in Ras Laffan Industrial City, the largest single financing project ever undertaken in Qatar. The Export-Import Bank of Korea was one of the many lenders involved. This deal was selected as 2011 Middle East and Africa Oil & Gas Deal of the Year by Project Finance International magazine, as one of the Best Deals of 2011 by Global Trade Review magazine, and as 2011 Middle East Oil & Gas Deal of the Year and 2011 Global Deal of the Year by Project Finance magazine.
Bayonne Energy Center, 2010
Representation of Bayonne Energy Center, a joint venture of Hess Corporation and affiliates of ArcLight Capital Partners, in connection with the development, construction and project financing of a 512 megawatt (MW) natural gas-fired, simple-cycle power generation facility to be located at Bayonne, New Jersey. This facility would be interconnected via subaquatic transmission lines with the Gowanus substation owned by Consolidated Edison Company in Brooklyn, New York. This deal was selected as 2010 North America Single Asset Power Deal of the Year by Project Finance magazine and as 2010 Americas Power Deal of the Year by Project Finance International magazine.
Representation of IFC and KfW in connection with the US $500 million project financing of the CTA 165 MW coal-fired power project in Mejillones, Chile, sponsored by Suez Energy Andino, S.A. 2010.
Issues to Improve the Prospects of Financing Nuclear Power Plants, International Atomic Energy Agency, July 2009, (contributor)
Financing Global IPPs, Reuters Project Finance International, 2008, (contributor)
Project Finance, New York Lawyers Guide to Business Organizations, West Publications, 1997, (co-author with Eugene W. Goodwillie, Jr.)
Leading Lawyer (Band 1), Chambers Global 2014, Chambers USA 2014
Projects - USA
Leading Lawyer (Band 1), Chambers Latin America 2014
Projects – Latin America
Leading Lawyer, Chambers USA 2014
New York – Latin American Investment
Leading Lawyer, The Legal 500 USA
Project Finance – US; Projects and Energy – Latin America