Overview
David Avila is of counsel in the Energy and Infrastructure practice of Paul Hastings and is based in the firm’s New York office. He focuses on project development and finance, private equity, subordinated and mezzanine debt, private placement offerings, asset acquisitions and dispositions, and other corporate transactions in the natural gas, renewable energy and infrastructure sectors. Mr. Avila’s clients include both sponsors and lenders, including major corporations, developers, equity investors, investment banks and other institutional investors, banks and financial institutions.
Education
- American University Washington College of Law, J.D., cum laude, 2008
- Member, American University International Law Review
- Duke University, B.A. in Economics, 2002
Representations
- Represented the administrative agent and lenders on a $300 million credit facility for the construction and expansion of an up to 500 MW partially contracted portfolio of battery energy storage projects in California.
- Represented the lead arrangers, agents and lenders on a $370 million credit facility to refinance a portfolio of three operating wind projects in Maine.
- Represented the construction lenders, agents and note purchasers on the construction bridge loan to tax equity and back-leveraged private placement financing for an approximately 456 MW contracted portfolio of three solar projects and one battery energy storage system in California, in which a separate tax equity and private placement funding and bridge prepayment occurred for each of the projects in the portfolio.
- Represented the lead arrangers, agents and lenders on a $460 million construction to term loan and tax equity financing structure for a 300 MW wind project in Texas.
- Represented the lead arrangers, agents and lenders on a $220 million construction to term facility for a 185 MW battery energy storage facility located in Hawaii.
- Represented the borrower and lead sponsor on the financing of the St. Joseph Energy Center, a nameplate 700 MW combined-cycle natural gas-fired electric generation facility located in Indiana.
- Represented the lead arrangers, agents and lenders on a $600 million credit facility for the acquisition and refinancing of a portfolio of 10 operating natural gas-fired power plants located in California.
- Represented a major U.S. corporation on a $1.2 billion unsecured syndicated credit facility to finance the acquisition of a majority interest in a lithium mining project in Western Australia.
- Represented the note purchasers on the private placement financing for the construction of the Longitudinal de la Sierra Norte Tramo 2 Toll Road Project in Peru, secured by the securitized payment rights due from the Government of Peru to the concessionaire.
- Represented a U.S. smart buildings technology company on a secured credit facility to finance the company’s energy savings and energy management equipment sale and installation business for corporate customers in the U.S., Canada and Puerto Rico.
- Represented two affiliated natural gas pipeline companies on the aggregate offerings of $250 million of senior high yield and $230 million of senior investment grade notes, and in related cash tender offers and consent solicitations with respect to their then-existing notes.
- Represented the construction lenders, agents and note purchasers on a $640 million construction bridge loan to tax equity and back-leveraged private placement financing for an approximately 456 MW contracted portfolio of three solar projects and one battery energy storage system in California, in which a separate tax equity and private placement funding and bridge prepayment occurred for each of the projects in the portfolio.