Jones Day - Services - Oil & Gas Financing

Jones Day advises on a range of financing transactions in the oil & gas industry and the wider energy sector. Drawing on our extensive Banking & Finance and Capital Markets teams, we advise on project finance transactions, synthetic and leveraged leases, public and private offerings of debt and equity securities, secured and unsecured bank credit facilities, and derivative financial products.

Jones Day ranks among the top law firms in the world for the representation of clients in financing energy transactions. Our work includes the financing of pipeline; oil & gas; petrochemical; and power generation, transmission, and distribution projects. We advise on all aspects of successful development, financing, and implementation. Recent notable transactions include the financing of the $900 million Guangdong LNG Terminal and Trunkline Project, "Asia-Pacific Oil & Gas Deal of the Year" in 2004 (Project Finance International), and the financing of the $600 million Tuxpan III & IV 1,000 MW combined-cycle, gas-fired power generation facility in Mexico.

Jones Day's lease financing practice includes U.S. and cross-border financings, with emphasis on providing greater economic benefits for our clients, both lessors and lessees. Our lease transactions involve various types of assets, including oil production facilities, gas processing facilities, interstate pipeline systems, and power plants. Our lawyers have extensive experience in the use of synthetic and leveraged lease structures for project financing and in specialized areas such as turbine construction facilities and other construction and bridge financing transactions. Recent notable transactions include the $200 million securitization and synthetic lease financing facility for gas pipeline compressors and related lease receivables for a major energy industry compression services company.

Jones Day advises issuers, underwriters, purchasers, and sellers of securities in public and private debt and equity financings. Our work encompasses financing by U.S. and non-U.S. companies in and outside the United States. Recent experience includes the $3.7 billion monetization by Alfa Group and Access-Renova Group of their respective rights to future delivery of BP ordinary shares.

Jones Day also represents banks and other lenders, as well as borrowers and issuers of securities, in a wide range of financing transactions, including secured and unsecured loans and loan syndications, letters of credit and other credit enhancements, structured receivable arrangements and asset-backed securities, leveraged buyouts, and other acquisition financing and equity participations. We have represented numerous oil & gas clients in their revolving and term loan or other bank credit facilities (including amendments and renewals), and we recently represented El Paso Corporation in a secured financing resulting in a new $3 billion revolving credit facility and the restructuring of eight existing financings aggregating $2 billion with shared collateral and related intercreditor agreement.

Additionally, our lawyers offer advice on derivative financial products. The market for derivatives has grown in recent years, and we have developed and documented the full range of transaction types, including ISDA form swaps, hybrid and structured notes, swaptions, and related instruments. We regularly advise companies on issues under ISDA Master Agreements relating to interest rates and commodity transactions, including electricity and natural gas. Our lawyers have represented clients in a number of derivative-related and commodity trading disputes, including claims arising out of the Enron bankruptcy.

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Lawyers Staff Overview Experience Professionals News Publications Achievements Main Practice Oil & Gas	Jones Day advises on a range of financing transactions in the oil & gas industry and the wider energy sector. Drawing on our extensive Banking & Finance and Capital Markets teams, we advise on project finance transactions, synthetic and leveraged leases, public and private offerings of debt and equity securities, secured and unsecured bank credit facilities, and derivative financial products. Jones Day ranks among the top law firms in the world for the representation of clients in financing energy transactions. Our work includes the financing of pipeline; oil & gas; petrochemical; and power generation, transmission, and distribution projects. We advise on all aspects of successful development, financing, and implementation. Recent notable transactions include the financing of the $900 million Guangdong LNG Terminal and Trunkline Project, "Asia-Pacific Oil & Gas Deal of the Year" in 2004 (Project Finance International), and the financing of the $600 million Tuxpan III & IV 1,000 MW combined-cycle, gas-fired power generation facility in Mexico. Jones Day's lease financing practice includes U.S. and cross-border financings, with emphasis on providing greater economic benefits for our clients, both lessors and lessees. Our lease transactions involve various types of assets, including oil production facilities, gas processing facilities, interstate pipeline systems, and power plants. Our lawyers have extensive experience in the use of synthetic and leveraged lease structures for project financing and in specialized areas such as turbine construction facilities and other construction and bridge financing transactions. Recent notable transactions include the $200 million securitization and synthetic lease financing facility for gas pipeline compressors and related lease receivables for a major energy industry compression services company. Jones Day advises issuers, underwriters, purchasers, and sellers of securities in public and private debt and equity financings. Our work encompasses financing by U.S. and non-U.S. companies in and outside the United States. Recent experience includes the $3.7 billion monetization by Alfa Group and Access-Renova Group of their respective rights to future delivery of BP ordinary shares. Jones Day also represents banks and other lenders, as well as borrowers and issuers of securities, in a wide range of financing transactions, including secured and unsecured loans and loan syndications, letters of credit and other credit enhancements, structured receivable arrangements and asset-backed securities, leveraged buyouts, and other acquisition financing and equity participations. We have represented numerous oil & gas clients in their revolving and term loan or other bank credit facilities (including amendments and renewals), and we recently represented El Paso Corporation in a secured financing resulting in a new $3 billion revolving credit facility and the restructuring of eight existing financings aggregating $2 billion with shared collateral and related intercreditor agreement. Additionally, our lawyers offer advice on derivative financial products. The market for derivatives has grown in recent years, and we have developed and documented the full range of transaction types, including ISDA form swaps, hybrid and structured notes, swaptions, and related instruments. We regularly advise companies on issues under ISDA Master Agreements relating to interest rates and commodity transactions, including electricity and natural gas. Our lawyers have represented clients in a number of derivative-related and commodity trading disputes, including claims arising out of the Enron bankruptcy.