1301 Avenue of the Americas
New York, NY 10019-6022
United States of America

+1 (212) 408-5121
mmasri@chadbourne.com

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Michael Masri

Associate

Practice Description

Michael Masri is a transactional lawyer whose principal areas of practice are tax and project finance. Mr. Masri regularly advises his clients on energy tax credits, government incentive programs, project development and finance, mergers and acquisitions, and all forms of leasing transactions.  Over the past few years, Mr. Masri has regularly represented investors and developers in tax equity financings across the renewable energy sector, including wind, utility scale solar, distributed solar and biomass.  Some of his recent client representations include NRG Energy, Terra-Gen Power, LS Power, First Reserve Energy, Metlife and GE Capital.

Mr. Masri also advises clients in a broad range of federal income tax matters, including domestic and cross-border mergers and acquisitions, restructurings, financings, private equity, and securities offerings.

Prior to joining Chadbourne & Parke, Mr. Masri was a tax associate at another large international law firm.

Representative Matters

Project Finance

  • Represented the lenders in a US$222 million construction loan for the 150 MW Border Winds project in Rolette County, North Dakota and a US$286 million construction loan for the 200 MW Pleasant Valley Wind project in Mower and Dodge Counties, Minnesota.
  • Represented NRG Energy, Inc. in connection with a $100 million tax equity lease financing transaction with Credit Suisse for a portfolio of residential rooftop solar projects.
  • Represented NRG Energy, Inc. in connection with a $40 million tax equity financing transaction with US Bank for a portfolio of residential rooftop solar projects.
  • Represented Atlantic Power Limited Partnership (APLP) and its subsidiaries, as borrower and guarantors, in connection with new senior secured credit facilities comprising a US$600 million term loan B facility and a US$210 million revolving credit facility. APLP, which owns a portfolio of 17 power generation facilities located in various states in the US and in several provinces in Canada, is a subsidiary of Atlantic Power Corporation.
  • Represented a subsidiary of Goldman Sachs & Co. and two other owners in the sale of Solar Gen 2 LLC, the owner of a 150 MW solar photovoltaic under development in the Imperial Valley in California.
  • Represented GE Energy Financial Services, Inc. in its construction period investments and subsequent partnership flip financings for (i) the $375 million Chisholm View Wind Project, a 235 MW wind energy project in Oklahoma, (ii) the $305 million Prairie Rose Wind Project, a 200 MW wind energy project in Minnesota and (iii) the $370 million Buffalo Dunes Wind Project, a 250 MW wind energy project in Kansas.
  • Representing the lead arranger in connection with the financing of the 614 MW gas-fired Oakley Power Project in Contra Costa, CA.
  • Represented the lenders in the senior secured bank financing of the $842 million Woodbridge Energy Center, a 700 MW natural gas-fired generation project in New Jersey.
  • Represented LS Power in connection with the financing of its 170 MW Centinela Solar Energy project located near El Centro, CA.
  • Represented LS Power in connection with the financing of its 127 MW Arlington Valley Solar Energy II project near Arlington, AZ.
  • Represented the sponsor in the acquisition and financing of the approximately US$3 billion 550 MW Desert Sunlight photovoltaic solar power project in Riverside County, California.
  • Represented the sponsor in the sale of a 150 MW windfarm in California for approximately US$450 million.
  • Represented Metlife Capital Credit in the acquisition and tax equity financing of a 35 MW photovoltaic solar generating facility in Webberville, Texas.

Mergers & Acquisitions

  • Represented Rockwell Collins, Inc. in its acquisition of ARINC Incorporated, a portfolio company of The Carlyle Group, for US$1.39 billion.
  • Represented Tenaska Capital Management, LLC in the acquisition by its affiliate of US Power Generating Company, which owns and operates 53 generating units in Queens and Brooklyn that have capacity sufficient to serve approximately 20 percent of the overall electricity load in New York City.
  • Represented Hess in connection with its acquisition of American Oil & Gas for approximately US$445 million in Hess stock.
  • Represented Excel Maritime Carriers Ltd. in connection with its acquisition of Quintana Maritime Limited for US$2.45 billion.
  • Represented SSAB Svenskt Stål AB in connection with its acquisition of Canadian steel producer, IPSCO Inc., for approximately US$7.7 billion.

Capital Markets

  • Represented Calpine in connection with its US$1 billion Senior Note Offering.
  • Represented Inn Of The Mountain Gods Resorts & Casino in its offer to exchange its outstanding 12% Senior Notes due 2010 for (1) new 8.750% Senior Notes due 2020, (2) new Senior PIK Notes due 2020 and (3) a pro rata amount of US$18 million in cash.

Publications

Speeches and Events

  • "Utilities 2.0: The Role of DG and DR in Evolving Utility Business Models," Agrion Global Network for Energy, New York, NY, February 27, 2014
  • "The Return of Tax Equity―Crucial Financing Piece," (Speaker), Infocast Project Finance: The Tutorial, New York, NY, September 25, 2013
  • "Capital Market Solutions for Renewable Energy and Energy Efficient Projects," (Speaker), Agrion Global Network for Energy, New York, NY, April 25, 2013
  • "Renewable Energy Transactions—An Investor Perspective," (Speaker), Pre-Conference Workshop, Novogradac Renewable Energy Tax Credit Conference, Washington, D.C., Nov. 7, 2012
  • "Utilities 2.0: The Role of DG and DR in Evolving Utility Business Models," Agrion Global Network for Energy, New York, NY, February 27, 2014
  • "The Return of Tax Equity―Crucial Financing Piece," (Speaker), Infocast Project Finance: The Tutorial, New York, NY, September 25, 2013
  • "Capital Market Solutions for Renewable Energy and Energy Efficient Projects," (Speaker), Agrion Global Network for Energy, New York, NY, April 25, 2013
  • "Renewable Energy Transactions—An Investor Perspective," (Speaker), Pre-Conference Workshop, Novogradac Renewable Energy Tax Credit Conference, Washington, D.C., Nov. 7, 2012
 

Practice Areas

Project Finance

Tax

Leasing

Capital Markets

Mergers and Acquisitions

Industries

Renewable Energy

Energy

Regions

North America

United States

Education

  • Baruch College of the City of New York, B.B.A., summa cum laude, 2000
  • Baruch College of the City of New York, M.S., 2001
  • Fordham University School of Law, J.D., magna cum laude, Order of the Coif, 2007

Professional Background

Approved as a Certified Public Accountant (CPA), 2003

Admissions

2007

New York

Languages

English