A leading middle market investment bank acted as underwriter in a transaction to finance the development and construction of an aviation biofuels production facility to be located in Lake County, Oregon. Our firm represented the investment bank in advising, structuring and documenting an institutional placement of $330 million in senior, tax-exempt bonds, issued by the State of Oregon on a conduit basis.
This project was one of the first operational aviation biofuels facilities in the nation and has a nameplate production capacity of 15 million gallons per year. The jet fuel produced at the facility is sold to two major U.S. air carriers under long-term take or pay contracts.
We advised on all aspects of the transaction including due diligence, contractual negotiations, debt security issuance and related matters. This transaction involved lawyers covering all aspects of the transaction, including environmental, intellectual property, construction, securities, contracts, secured lending and real estate.