Latham Advises on US$600 Million Private Placement and Letter of Credit Facility for the Gemini Solar + Storage Project

Primergy and Quinbrook have announced that the Gemini Solar + Storage Project has secured a landmark refinancing through a US$600 million private placement of senior secured notes together with a US$160 million letter of credit facility. Gemini is the largest co-located, single-phase project operating in the US and consists of 690 MWac of solar PV and 380 MWac of battery storage. 

Latham & Watkins LLP advised the note purchasers and letter of credit facility banks in the refinancing with a Project Development & Finance team led by San Diego partner Omar Nazif and New York partner Kelly Cataldo. Project development and finance advice was also provided by San Diego counsel Sosi Biricik, with associates Hiroko Ito, Emily Moreton, Taylor Owens,* Henry Miller, and Eliane Bach. Advice on securities matters was also provided by Chicago/New York partner Roderick Branch; on tax matters by New York partner Eli Katz, with associate Andrea Herman; on ELR matters by Los Angeles/Houston partner Joshua Marnitz, with associate Brian McCall; and on energy regulatory matters by Washington, D.C. partner Tyler Brown and counsel Anna Biegelsen.

*Admitted to practice in Australia only