Shearman & Sterling represented Credit Suisse Securities (USA) LLC as joint lead arranger and joint bookrunner in connection with a $750 million senior secured financing for LSP Madison Funding, LLC collateralized by a portfolio of LS Power power plants located throughout the United States. The proceeds of the financing are used to pay a one-time dividend to LS Power Equity Partners II, L.P., with the remainder to be applied to refinance existing debt and for other general corporate purposes.
The Shearman & Sterling team included partners Patricia G. Hammes(New York-Project Development & Finance), Robert Freedman (New York-Project Development & Finance), Lisa Brill (New York-Real Estate), andMalcolm Montgomery (New York-Real Estate); counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits) and Jeffrey L. Salinger(New York-Real Estate/Environmental); and associates Nell Beekman (New York-Tax), Jocelyn Bush (New York-Real Estate), Paul Epstein (New York-Project Development & Finance), Devin Lei (New York-Project Development & Finance), Ryan Mahoney (New York-Real Estate), Laura Mulry (New York-Real Estate), Jackson Murley (New York-Project Development & Finance), Gary Tashjian (New York-Executive Compensation & Employee Benefits) and Andrew Vinci (New York-Real Estate).
