Red Oak’s $369 Million Financing


Kirkland & Ellis LLP counsels the lenders, led by Investec, Nomura, Industrial and Commercial Bank of China and China Merchants Bank, on the financing for Red Oak Power LLC, a gas-fired power project in the EMAAC Zone of the PJM power market.

The sponsor is Morgan Stanley Infrastructure Partners and the financing size is $369 million, which consists of the $334 million term loan and $35 million revolver.

The Kirkland team was led by debt finance partner Rohit Chaudhry (Picure) and associate Ben Clark; real estate partner Josh Faulkner; energy regulatory partner Bob Fleishman; environmental transactions partner Stefanie Gitler and associate Devi Chandrasekaran; corporate partner Drue Santora; and debt finance associate Amanda Rahav.

Involved fees earner: Devi Chandrasekaran – Kirkland & Ellis; Rohit Chaudhry – Kirkland & Ellis; Benjamin Clark – Kirkland & Ellis; Joshua Faulkner – Kirkland & Ellis; Robert Fleishman – Kirkland & Ellis; Stefanie Gitler – Kirkland & Ellis; Amanda Rahav – Kirkland & Ellis; Drue Santora – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: China Merchants Bank; Industrial and Commercial Bank of China; Investec Bank Plc; Nomura;