Warren Lilien is a partner in the New York office of Latham & Watkins and a member of the Finance Department. Mr. Lilien represents financial institutions and private equity sponsors in connection with all phases of the development and financing of power projects (including gas, coal, wind, solar, biomass, and geothermal-fired plants), refineries, midstream assets, railways, communications towers, data centers, roads, bridges, and airports. His experience includes the structuring and negotiation of financing arrangements, project contracts, secured commodity hedge agreements, and extensive experience in acquisitions and dispositions of power projects.
Mr. Lilien is recognized as a Recommended Lawyer in The Legal 500 US 2017. He is listed as a recommended lawyer in Project Finance by Who’s Who Legal, and is also listed as a leading lawyer by IFLR1000. Mr. Lilien is recognized in Chambers USA and Chambers Global 2018 as one of the leading attorneys in the US project finance area.
Mr. Lilien’s recent representative experience includes advising:
- Affiliates of Terra-Gen Power in the construction financing and ultimate divestiture of six separate phases of the Alta Wind Energy Center, located in Southern California. Each phase has a design output of approximately 150 MW, and the aggregate project debt exceeded US$2 billion.
- Arclight Capital in connection with the US$400 million financing of the Delta House Project, a semi submersible floating production system, in the US Gulf of Mexico. This transaction was named the Offshore Deal of the Year 2014 by Marine Money Offshore.
- Carlyle Power Funds in the acquisition and financing of the Rhode Island State Energy Center, a natural gas-fired generation project located in New England.
- Carlyle Power Funds in the restructuring, financing, and eventual disposition of the coal-fired Cedar Bay project in Florida.
- Morgan Stanley as lead arranger in the Term Loan B refinancing of the natural gas-fired Astoria Energy Center in Queens, New York.
- Morgan Stanley as lead arranger in connection with the financing of a portfolio of natural gas-fired generating plants owned by affiliates of Invenergy located throughout the United States.
- Arclight Capital in the acquisition, financing, and refinancing of interests in the Sydney A. Murray hydro-electric generating facility.
- A club of commercial banks in the financing of the US$1.5 billion Florida I-4 Ultimate Improvements project. This transaction was named Project Finance International’s 2014 Americas Transport Deal of the Year.
- Panda Energy in connection with the project financing of a utility scale solar photovoltaic generating facility located in New Jersey.
- Panda Energy in connection with three separate financings of merchant natural gas-fired generating projects located in Texas, with aggregate project debt in excess of US$1 billion. One of these financings was honored by Project Finance International as 2012 Americas Power Deal of the Year.
- Texas Central Partners, the private company that is developing the Dallas-Houston Texas Bullet Train, a US$16+ billion privately sponsored high speed rail project.
- AMP Capital as lender in the holdco financing of several of Vertical Bridge’s telecommunications portfolios in the US.
- AMP Capital as lender to Tillman Infrastructure in connection with the development, construction and acquisition of communication towers located in the United States.
- AMP Capital as lender in the project financing of three data center facilities owned by Edgeconnex.
- Bank of America Merrill Lynch as underwriter in the financing of the Ohio River Bridges (East End Crossing) project through the issuance of private activity bonds. This deal was named Project Finance International’s 2013 Americas Transport Deal of the Year and Project Finance Magazine’s 2013 North American Project Bond Deal of the Year and overall North American Deal of the Year.
- Terra-Gen Power in the leveraged lease financing of the Dixie Valley generating project and transmission assets located in Nevada.
- The underwriters in connection with the combined private activity bond/TIFIA financing of Texas IH-635/LBJ. This transaction was named the 2010 North American Project Bond Deal of the Year by Project Finance and Infrastructure Finance Magazine.
- A club of institutional lenders in the construction financing of the Windstar wind generation project located in Southern California.