Aryan Moniri

Financing

Mr. Moniri has represented borrowers and lenders in financing transactions of all types, including project financings, acquisition financings and corporate financings. Significant recent representations include:

• Intel in connection with a first-of-its-kind $30 billion joint investment arrangement with Brookfield relating to two new chip factories in Arizona;
• TerraForm Power in connection with:
  • a $475 million acquisition financing for an approximately 320 MW portfolio of distributed generation, residential and fuel cell assets acquired from AltaGas;
  • a $131 million private placement relating to a portfolio of wind projects;
  • a $113 million commercial bank financing of distributed generation solar projects;
  • a $78.8 million private placement relating to a 51 MW portfolio of utility-scale and distributed generation solar projects;
  • a $84 million private placement relating to a portfolio of utility-scale solar projects;
  • a $189.3 million term loan facility and $22.5 million letter of credit facility for a portfolio of solar PV assets across 11 states and Washington, D.C.;
  • a $171 million private placement by the owner of a wind project; and
  • its corporate credit facilities and various other project financings;
• borrowers and lenders in numerous conventional power financings;
• borrowers in numerous upstream and midstream oil and gas financings;
• an ad hoc group of bondholders in connection with the restructuring and related exchange offer of indebtedness of a midstream master limited partnership;
• Goldman Sachs Renewable Power in connection with a $500 million private placement and other renewables financing transactions;
• Brookfield Asset Management in connection with acquisition financing for the Los Ramones pipeline system in Mexico and a separate private placement relating to the northern portion of the pipeline;
• Brookfield Renewable in connection with an acquisition financing for a distributed generation platform purchased from Exelon Generation Company that includes approximately 360 MW of operating projects (located in 13 states and Washington, D.C.) and 700 MW of capacity under development;
• Pattern Energy in connection with:
  • the construction and tax equity financing of the 220 MW Grady wind farm;
  • construction, tax equity and back leverage financings totaling over $1 billion for its two Broadview wind farms and the Western Interconnect transmission line;
  • the $1.7 billion debt and the tax equity financing for the Western Spirit wind project and transmission line, totaling approximately 1,050 MW in central New Mexico;
  • the debt and tax-equity financings of its 105.2 MW Phoenix Solar project located in Fannin County, Texas;
  • its investment in the 298 MW El Cabo wind farm; and
  • the $205 million financing of the 122 MW Conejo solar project in Chile;
• Sonnedix in a joint venture with Cox Energy America in securing a $120 million project financing provided by Sumitomo Mitsui Banking Corporation for its 160 MWp Meseta de los Andes solar PV plant located in the Valparaiso region of Chile;
• SunEdison and its subsidiaries in connection with more than $4 billion in secured corporate credit facilities, project financings and warehouse facilities, including project financings in Chile, Honduras, India, Israel, Jordan and South Africa;
• Talen Energy in connection with:
  • its secured corporate credit facilities;
  • the $450 million project financing of its Lower Mount Bethel and Martins Creek power plants in PJM; and
  • the restructuring of its 2,532 MW Mach Gen portfolio;
• First Solar in connection with the $290 million financing of the 141 MW Luz del Norte solar project in Chile;
• Peru LNG S.R.L. in the financing of its $3.8 billion LNG export project in Peru; and
• lenders in numerous acquisition and project financing transactions.

M&A

Mr. Moniri has extensive experience representing both buyers and sellers in connection with investments in energy and infrastructure assets. Significant recent representations include:

• Brookfield Asset Management in connection with various investments in the energy sector, including Brookfield Infrastructure Partners’ acquisition of co-controlling interests in two natural gas pipelines in Mexico from affiliates of BlackRock, Inc.;
• Brookfield Renewable in connection with the $733 million sale of a 391 MW portfolio of four operating wind assets in California and New Hampshire to NextEra Energy Partners;
• Brookfield Renewable Partners in the $1.5 billion sale (enterprise value) of a 49.9% equity interest in an 852 MW portfolio of wind generating assets in the U.S. to a group of South Korean infrastructure investors comprised of Korea Hydro & Nuclear Power Co., Ltd., Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment Co., Ltd. and Korea Investment & Securities Co., Ltd.;
• Francis Renewable Energy, an electric vehicle charging station operator, in a minority investment by Alliance Resource Partners, L.P.;
• the seller of a portfolio of solar energy projects in Texas;
• SunEdison in connection with the sale, through bankruptcy, of nearly all of its assets; and
• Samchully Asset Management Co. Ltd. in the acquisition of a 34% interest in the Neptune Gas Processing Plant in St. Mary Parish, Louisiana.

Mr. Moniri was named a 2021 Rising Star by The National Law Journal and a 2020 Rising Star in Project Finance by Law360. He also has been recognized in Chambers USA and The Legal 500 U.S.