Paul Hastings Advises on Nearly $1.1 Billion Manzanillo LNG-to-Power Project Financing and Joint Venture

Paul Hastings LLP advised the sponsors and borrower on the approximately $1,067,497,266 project financing and joint venture for the Manzanillo LNG-to-power project in the Dominican Republic. The project comprises the design, development, build-out, operation and maintenance of two high-efficiency natural gas power blocks as well as an LNG marine terminal, jetty, floating storage and regasification unit, and high-voltage transmission lines. Such representation also included negotiating the shareholders agreement and related equity commitment arrangements among the sponsors.

Partners Alexandro M. Padrés and Gregory Tan led the Paul Hastings team, which also included partner Luis F. Gomar, of counsel Mark Landsman and Mehran Massih and associates Ashley Acosta, Lucas Casale, Irene Anton Espinosa, Justin Garcia and Jose Pablo Salas.