Jai Khanna

Project Finance

• Represented U.S. independent conventional power producer in approximately $900 million construction financing for a gas-fired power plant located in the Midwest.
• Represented U.S. independent conventional power producer in $390 million holdco-level, financing (term loan, working capital and fixed-rate note tranche) secured by nine U.S. operating plants, including plants with existing project-level debt.
• Represented U.S. equity investor in $183 million holdco-level, term loan financing secured by tax equity membership interests in a portfolio of U.S.-located operating wind power generation projects.
• Represented U.S. equity investor in $90 million back leverage, term loan financing secured by tax equity membership interests in a portfolio of U.S.-located operating wind power generation projects.
• Represented U.S. equity investor in $42 million back leverage, term loan financing secured by tax equity membership interests in a portfolio of U.S.-located operating wind power generation projects.
• Represented Canadian project developer in $90 million CAD tranche and $21 million USD tranche back leverage, term loan financing secured by cash flows from operating wind power generation projects and projects under development.
• Represented U.S. project developer in $8.2 million construction loan, $4.6 million tax equity bridge loan and $8.2 million back leverage term loan in connection with community wind power generation project.
• Representing U.S. project developer in $6.5 million construction loan, $3.5 million tax equity bridge loan and $6.5 million back leverage term loan in connection with community wind power generation project.
• Represented major U.S. renewable energy developer in over $750 million of tax equity financing for multiple wind power generation projects.
• Represented major U.S. money center bank in sale of over $200 million of tax equity interests in wind power generation projects to newly-formed joint ventures with sponsors and third-party institutional investors.
• Represented major U.S. money center bank as co-investor in over $300 million tax equity investment in sale-leaseback of refined coal processing facility.

Structured Finance

• Represented U.S. manufacturer in $400 million equipment loan securitization facility and $100 million trade receivables securitization facility.
• Represented Japanese industrial client in structuring a bespoke receivables financing program involving the creation and sale of long-stop payment obligations under long-term servicing agreements.
• Represented U.S. public company in over $3 billion of publicly-issued, asset-backed securities backed by motorcycle loans.
• Represented several investment managers in over $8 billion of privately-placed collateralized loan obligation transactions involving broadly syndicated and middle-market commercial loans.
• Represented bank group in $300 million financing secured by contractual payment streams involving television rights.
• Represented major U.S. technology company in trade receivables financing program involving receivables generated by subsidiaries in the U.S., U.K., Germany, Singapore and Costa Rica.
• Represented Japanese bank in $300 million dealer floorplan receivables financing for U.S. division of major Japanese equipment manufacturer.
• Represented Japanese bank in multi-billion dollar, asset-backed financing for major U.S. cellular phone service provider involving cellular phone leases.
• Represented specialty finance lender in $140 million private placement backed by life sciences and technology loans.
• Represented equipment leasing subsidiary of U.S. railcar manufacturer in two separate private placement financings of railcar leases aggregating $334 million.
• Represented major U.S. finance company in $56 million acquisition financing of manufacturing line structured as an equipment lease.
• Represented major U.S. finance company in $28 million sale-leaseback of steam generation utility plant.

Credit Facilities

• Represented multinational financial institution as administrative agent and a lender in $100 million secured financing.
• Represented multinational financial institution as administrative agent and a lender in $85 million secured revolving and term loan facilities.
• Represented multinational financial institution as administrative agent and a lender in $45 million secured term loan.
• Represented major Japanese bank as administrative agent and a lender in $300 million secured term loan.
• Represented multinational financial institution as administrative agent and a lender in distressed restructuring of over $140 million of debt in first lien/second lien structure.
• Represented public company in incremental increase and refinancing of $2 billion of revolving and term loan facilities.
• Represented public company in $450 million pari passu secured term loan.
• Represented public company in $1.25 billon unsecured revolving credit facility.
• Represented public company in $150 million secured revolving credit agreement.
• Represented private company in $33 million term loan secured by its corporate headquarters.
• Represented private company in $250 million unsecured term loan.
• Represented private company in $50 million secured revolving and term loan facilities.
• Represented private equity sponsor in $1 billion secured acquisition financing which included separate ABL credit facility, first lien term loan and second lien term loan.
• Represented private equity sponsor in $100 million secured acquisition financing which included separate ABL credit facility and term loan.