Eric J. Nedell

Eric is a finance lawyer who represents agents, lenders, sponsors and borrowers in commercial financing matters across a broad range of industries and asset classes. Many of his clients are in the energy industry, including solar, wind and other renewable assets, or provide financing to energy clients.

 

Relevant Experience

  • Represented buyers and sells of energy tax credits (ITC and PTC) in various tax credit transfer transactions

  • Represented seller in connection with the transfer of up to $700 million of 45X advanced manufacturing production tax credits
  • Represented tax equity investors in connection with refinancing and restructuring of a portfolio of wind projects affected by Winter Storm Uri
  • Represented electric utility borrower in connection with a $1.0 billion master revolving credit facility
  • Represented electric utility borrower in connection with a $2.5 billion master revolving credit facility with sustainability-linked loan (“SLL”) features
  • Served as designated underwriters counsel in connection with issuance by WEC Infrastructure Wind Holding I LLC of $413.6 million private placement and $30 million letter of credit facility supported by a portfolio of wind assets
  • Represented operator of a toll road in Texas in connection with the amend and extend of its $298 million credit facilities
  • Represented Administrative Agent and Lead Arranger in connection with a $175 million senior credit facility to a leading tow boat, barge and diesel service provider
  • Represented a private charitable foundation in the issuance of $124 million term loan to refinance existing indebtedness
  • Represented fund client in connection with issuance by onshore/offshore funds of a $150 million secured credit facilities 
  • Represented publicly traded postal REIT in the negotiation of $200 million unsecured term and revolving credit facilities.
  • Represented publicly traded diversified telecommunications holding company in a $400 million senior secured financing.
  • Represented electric utility borrower in connection with four credit facilities totaling $9.75 billion in connection with emergence from bankruptcy.
  • Represented publicly traded diversified telecommunications holding company in an amend and extend transaction of its $865 million senior secured credit facilities.
  • Represented electric utility borrower in connection with a $2.5 billion master revolving credit facility.
  • Represented publicly traded provider of secure transportation logistics borrower in connection with a $1.5 billion senior secured term loan and revolving multicurrency credit facility.
  • Represented Administrative Agent and Lead Arranger in connection with a $140 million senior secured term loan and letter of credit facility secured by a portfolio of solar assets.
  • Represented Administrative Agent and Lead Arranger in connection with a $63 million senior secured construction loan facility to finance the construction of a 93 MW wind generation facility in Illinois.
  • Represented Administrative Agent and Lead Arranger in connection with a $27 million senior secured term loan and letter of credit facility to finance the construction and development of a 99 MWac solar powered generation facility in Utah.
  • Represented publicly traded diversified telecommunications holding company in a $960 million senior secured financing the proceeds of which were used to acquire a publicly traded provider of wireless communications services.
  • Represented publicly traded used car dealer in connection with the issuance of $500 million of senior unsecured notes in a 4(a)(2) private placement.
  • Represented publicly traded REIT client in the negotiation of $450 million senior credit facilities.
  • Represented Administrative Agent and Joint Lead Arrangers in connection with $160 million senior secured credit facilities to a publicly traded gaming company in connection with a leveraged buyout.
  • Represented mortgage lender in connection with a $200 million term loan secured by mortgages on more than 130 retail locations.
  • Represented Administrative Agent and Lead Arranger in connection with a $225 million senior revolving credit facility to a publicly traded home health care company.
  • Represented private equity company borrower in connection with $391 million senior secured credit facilities in connection with the acquisition of an interest in two coal-fired power plants located in Pennsylvania.
  • Represented publicly traded financial services company borrower in connection with a $400 million senior secured covenant lite credit facility, including a subsequent amend and extend transaction.
  • Represented publicly traded borrower in a $1 billion amend and extend transaction of its senior credit facility.
  • Represented lender in connection with a $38 million credit facility made available to a middle-market private equity fund portfolio company borrower.
  • Represented lender in connection with a $75 million senior unsecured term loan facility to a financial services company borrower.
  • Represented private equity fund portfolio company borrower in connection with the refinancing of senior and mezzanine credit facilities with $50 million of senior and subordinated notes issued in a private placement and a $20 million working capital revolving credit facility.
  • Represented subsidiary of a national residential solar electricity provider in the issuance of $27.2 million of senior notes in a back-leverage financing.
  • Represented private equity fund portfolio company borrower in connection with a multi-tranche acquisition financing for a “going private” transaction.
  • Represented publicly traded borrower in connection with its $525 million multi-currency senior credit facility.
  • Represented provider of secure transportation logistics borrower in connection with a series of bilateral credit facilities in an aggregate amount in excess of $300 million.
  • Represented public company in connection with the issuance of $100 million of senior unsecured notes in a private placement.
  • Represented a private charitable foundation in a refinancing of $325 million of indebtedness through the issuance of $275 million of senior notes in a private placement and a $50 million revolving credit facility.
  • Represented public company borrower in connection with a $650 million acquisition financing.
  • Represented publicly traded energy company borrower in connection with a $200 million ABL credit facility.
  • Represented lender in connection with an $18.5 million construction and term loan facility related to seven solar projects in Arizona.
  • Represented public utility borrower in connection with a $2.1 billion bridge loan.

Memberships

  • Member, Virginia Bar Association and Richmond Bar Association
  • Former Chair, Pro Bono Committee of the Richmond Bar Association (2011-12); Committee Member (2009-12)
  • Member, Mid-Atlantic Innocence Project Screening Committee
  • Member, Hunton Andrews Kurth Recruiting Committee
  • Past-President, Maymont Foundation
  • Member, Board of Directors of St. Michael’s Episcopal School (2017-2023)

Awards & Recognition

  • Recommended for Project Finance (2019, 2021-2023) and Energy Transactions: Electric Power (2021, 2023), Legal 500 United States

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