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Daniel Tsarevsky is a senior associate in King & Spalding’s Project Finance practice based in New York, with a focus on renewable energy and conventional power. Daniel represents private equity and strategic sponsors, developers and financial institutions in complex energy and infrastructure construction and acquisition finance transactions in the US and Latin America. He has been involved in financing utility-scale wind and solar projects, natural gas-fired power plants, electric utilities, telecommunications networks and oil & gas assets including pipelines, gas gathering systems, refineries and marine storage terminals.

Daniel also has experience advising private equity funds and their portfolio companies, corporate borrowers, financial institutions and private credit funds in leveraged buyouts, dividend recapitalizations, bolt-on acquisitions, syndicated credit facilities and asset-based lending transactions in the US and Canada.

Full Bio

Credentials

B.C.L./LL.B., McGill University, Faculty of Law

B.S. in Microbiology and Immunology, McGill University

New York

English

French

Russian

Matters

Conventional Power

Represented Morgan Stanley, BNP Paribas and Credit Suisse, as lead arrangers, in connection with a US$900 million term loan B facility and a US$115 million revolving credit facility to finance the acquisition of Panda Power Funds' 1,671 MW Patriot and Liberty combined-cycle gas-fired power plants in Pennsylvania by The Carlyle Group and EIG Global Energy Partners. The acquisition financing was named Term Loan B Deal of the Year for 2020 by Power Finance & Risk.*

Represented LS Power in connection with syndicated credit facilities to refinance Hummel Power Station, a 1,124 MW natural gas-fired combined cycle power plant in Pennsylvania.*

Represented LS Power in connection with a US$1.4 billion term loan B facility and a US$100 million revolving credit facility to refinance its 4,782 MW Granite Generation portfolio of gas-fired power plants in the PJM Interconnection.*

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Matters

Conventional Power

Represented Morgan Stanley, BNP Paribas and Credit Suisse, as lead arrangers, in connection with a US$900 million term loan B facility and a US$115 million revolving credit facility to finance the acquisition of Panda Power Funds' 1,671 MW Patriot and Liberty combined-cycle gas-fired power plants in Pennsylvania by The Carlyle Group and EIG Global Energy Partners. The acquisition financing was named Term Loan B Deal of the Year for 2020 by Power Finance & Risk.*

Represented LS Power in connection with syndicated credit facilities to refinance Hummel Power Station, a 1,124 MW natural gas-fired combined cycle power plant in Pennsylvania.*

Represented LS Power in connection with a US$1.4 billion term loan B facility and a US$100 million revolving credit facility to refinance its 4,782 MW Granite Generation portfolio of gas-fired power plants in the PJM Interconnection.*

Represented Actis, a leading global infrastructure investor, and its portfolio company Saavi Energia, the largest privately held stand-alone power producer in Mexico, in connection with a US$325 million holdco term loan facility provided by Global Infrastructure Partners, which at the time of the transaction was one of the largest holdco loans for a private sponsor in the Latin American energy and infrastructure sector.*

Represented Arroyo Energy Investors in connection with the financing of its acquisition of Central Generadora Eléctrica Huinala, S. de R.L. de C.V., a 142MW combined-cycle gas-fired power plant and transmission line located in Monterrey, Mexico, with electricity from the power plant being distributed to Guatemala under contracted PPAs.*

Renewable Energy

Represented Axium Infrastructure in connection with an incremental delayed draw term loan facility to finance contribution obligations of its joint venture interest for the repowering of the 70 MW Criterion wind farm in Maryland, a joint venture of Axium Infrastructure and Constellation Energy Corporation.

Represented a major independent power producer in connection with term loan and letter of credit facilities to refinance its existing debt and to finance the buyout of its JV partner in a portfolio of US-based solar generation projects.*

Represented Competitive Power Ventures in connection with credit facilities to refinance Keenan II, a 152 MW wind farm in Oklahoma.*

Represented a consortium of investors led by Axium Infrastructure and including Manulife Financial and Alberta Teachers’ Retirement Fund in connection with a mezzanine financing provided by Caisse de Dépot et Placement du Québec to finance the acquisition of a one-third interest in K2 Wind, a Southern Ontario-based 270 MW wind project, from Samsung Renewable Energy.*

Represented Mainstream Renewable Power in connection with a US$280 million holdco mezzanine debt facility provided by AMP Capital to finance its construction equity in its 1,300 MW Andes Renovables portfolio of wind and solar power-generation projects in Chile.*

Represented Sumitomo Mitsui Bank Corporation (SMBC), as lead arranger, in connection with a US$120 million financing consisting of term loan, working capital and letter of credit facilities in favor of Sonnedix Cox Energy Chile, a joint venture of Sonnedix and Cox Energy America, to finance the construction of Meseta de los Andes, a 160 MW solar PV plant and 15km transmission line complex located in the Valparaiso region of Chile.*

Midstream Oil & Gas

Represented ArcLight Capital Partners and Cutlass Energy Partners on the private placement of senior secured notes by their affiliate, Saber Midstream, to finance the acquisition of a natural gas gathering system in the Haynesville basin of Louisiana and Texas.

Represented the lead arrangers in connection with term loan and revolving credit facilities and the holdco lenders in connection with a holdco loan facility in favor of a portfolio company of a major private equity sponsor to refinance existing debt and finance its strategic acquisition of oil and gas pipeline assets.*

Represented the lead arrangers in connection with a holdco loan facility in favor of a major private equity sponsor to finance its acquisition of a JV interest in an owner and operator of marine storage terminals for refined petroleum products.*

Electric Utilities

Represented a consortium of private equity investors in connection with commitment papers to support a bid to acquire Empresa de Energía de Boyacá, the sole electricity distributor for the department of Boyacá in Colombia, from Brookfield Infrastructure.*

Represented a consortium of institutional investors in connection with commitment papers by a syndicate of Latin American banks to support a bid to acquire Sempra Energy’s Peruvian businesses, including its majority stake in Luz del Sur, one of the largest electricity distributors in Peru.*

Telecommunications

Represented three international lenders led by Cordiant Capital, an infrastructure private equity and debt fund manager headquartered in Montreal, in connection with US$104 million senior secured credit facilities in favor of Brazil Tower Company to finance the development and construction of multi-tenant wireless and broadcast communication towers in Brazil.*

Infrastructure

Represented Sea to Sky Highway Investment Limited Partnership in the refinancing of the Sea-to-Sky Highway Improvement Project, a public-private partnership project managed by Axium Infrastructure, by way of a $556.5 million private placement of 2.629% fixed rate senior secured amortizing bonds in Canada, the United States and certain other international jurisdictions.*

Representations prior to joining King & Spalding

Matters

Conventional Power

Represented Morgan Stanley, BNP Paribas and Credit Suisse, as lead arrangers, in connection with a US$900 million term loan B facility and a US$115 million revolving credit facility to finance the acquisition of Panda Power Funds' 1,671 MW Patriot and Liberty combined-cycle gas-fired power plants in Pennsylvania by The Carlyle Group and EIG Global Energy Partners. The acquisition financing was named Term Loan B Deal of the Year for 2020 by Power Finance & Risk.*

Represented LS Power in connection with syndicated credit facilities to refinance Hummel Power Station, a 1,124 MW natural gas-fired combined cycle power plant in Pennsylvania.*

Represented LS Power in connection with a US$1.4 billion term loan B facility and a US$100 million revolving credit facility to refinance its 4,782 MW Granite Generation portfolio of gas-fired power plants in the PJM Interconnection.*

See more
Icon close

Close

Matters

Conventional Power

Represented Morgan Stanley, BNP Paribas and Credit Suisse, as lead arrangers, in connection with a US$900 million term loan B facility and a US$115 million revolving credit facility to finance the acquisition of Panda Power Funds' 1,671 MW Patriot and Liberty combined-cycle gas-fired power plants in Pennsylvania by The Carlyle Group and EIG Global Energy Partners. The acquisition financing was named Term Loan B Deal of the Year for 2020 by Power Finance & Risk.*

Represented LS Power in connection with syndicated credit facilities to refinance Hummel Power Station, a 1,124 MW natural gas-fired combined cycle power plant in Pennsylvania.*

Represented LS Power in connection with a US$1.4 billion term loan B facility and a US$100 million revolving credit facility to refinance its 4,782 MW Granite Generation portfolio of gas-fired power plants in the PJM Interconnection.*

Represented Actis, a leading global infrastructure investor, and its portfolio company Saavi Energia, the largest privately held stand-alone power producer in Mexico, in connection with a US$325 million holdco term loan facility provided by Global Infrastructure Partners, which at the time of the transaction was one of the largest holdco loans for a private sponsor in the Latin American energy and infrastructure sector.*

Represented Arroyo Energy Investors in connection with the financing of its acquisition of Central Generadora Eléctrica Huinala, S. de R.L. de C.V., a 142MW combined-cycle gas-fired power plant and transmission line located in Monterrey, Mexico, with electricity from the power plant being distributed to Guatemala under contracted PPAs.*

Renewable Energy

Represented Axium Infrastructure in connection with an incremental delayed draw term loan facility to finance contribution obligations of its joint venture interest for the repowering of the 70 MW Criterion wind farm in Maryland, a joint venture of Axium Infrastructure and Constellation Energy Corporation.

Represented a major independent power producer in connection with term loan and letter of credit facilities to refinance its existing debt and to finance the buyout of its JV partner in a portfolio of US-based solar generation projects.*

Represented Competitive Power Ventures in connection with credit facilities to refinance Keenan II, a 152 MW wind farm in Oklahoma.*

Represented a consortium of investors led by Axium Infrastructure and including Manulife Financial and Alberta Teachers’ Retirement Fund in connection with a mezzanine financing provided by Caisse de Dépot et Placement du Québec to finance the acquisition of a one-third interest in K2 Wind, a Southern Ontario-based 270 MW wind project, from Samsung Renewable Energy.*

Represented Mainstream Renewable Power in connection with a US$280 million holdco mezzanine debt facility provided by AMP Capital to finance its construction equity in its 1,300 MW Andes Renovables portfolio of wind and solar power-generation projects in Chile.*

Represented Sumitomo Mitsui Bank Corporation (SMBC), as lead arranger, in connection with a US$120 million financing consisting of term loan, working capital and letter of credit facilities in favor of Sonnedix Cox Energy Chile, a joint venture of Sonnedix and Cox Energy America, to finance the construction of Meseta de los Andes, a 160 MW solar PV plant and 15km transmission line complex located in the Valparaiso region of Chile.*

Midstream Oil & Gas

Represented ArcLight Capital Partners and Cutlass Energy Partners on the private placement of senior secured notes by their affiliate, Saber Midstream, to finance the acquisition of a natural gas gathering system in the Haynesville basin of Louisiana and Texas.

Represented the lead arrangers in connection with term loan and revolving credit facilities and the holdco lenders in connection with a holdco loan facility in favor of a portfolio company of a major private equity sponsor to refinance existing debt and finance its strategic acquisition of oil and gas pipeline assets.*

Represented the lead arrangers in connection with a holdco loan facility in favor of a major private equity sponsor to finance its acquisition of a JV interest in an owner and operator of marine storage terminals for refined petroleum products.*

Electric Utilities

Represented a consortium of private equity investors in connection with commitment papers to support a bid to acquire Empresa de Energía de Boyacá, the sole electricity distributor for the department of Boyacá in Colombia, from Brookfield Infrastructure.*

Represented a consortium of institutional investors in connection with commitment papers by a syndicate of Latin American banks to support a bid to acquire Sempra Energy’s Peruvian businesses, including its majority stake in Luz del Sur, one of the largest electricity distributors in Peru.*

Telecommunications

Represented three international lenders led by Cordiant Capital, an infrastructure private equity and debt fund manager headquartered in Montreal, in connection with US$104 million senior secured credit facilities in favor of Brazil Tower Company to finance the development and construction of multi-tenant wireless and broadcast communication towers in Brazil.*

Infrastructure

Represented Sea to Sky Highway Investment Limited Partnership in the refinancing of the Sea-to-Sky Highway Improvement Project, a public-private partnership project managed by Axium Infrastructure, by way of a $556.5 million private placement of 2.629% fixed rate senior secured amortizing bonds in Canada, the United States and certain other international jurisdictions.*

Representations prior to joining King & Spalding

Credentials

B.C.L./LL.B., McGill University, Faculty of Law

B.S. in Microbiology and Immunology, McGill University

New York

English

French

Russian