Press Release

Kirkland Counsels Lenders on Financing for Bayonne

Kirkland & Ellis LLP advised the lenders, led by Credit Agricole and Investec Bank, on the financing of the 644MW Bayonne Energy Center gas-fired power project in New Jersey.  Morgan Stanley Infrastructure Partners acquired the Bayonne power project from Macquarie Infrastructure Corp in October 2018. The $500 million, seven-year mini-perm was three-times oversubscribed and reverse flexed. 

The Kirkland team was led by debt finance partner Rohit Chaudhry and associates Mateo Todd Aceves, Ben Clark and Amanda Rahav; energy regulatory partner Bob Fleishman; real estate partner Josh Faulkner; and environmental transactions partner Stefanie Gitler and associate Devi Chandrasekaran.