Sidley represented a subsidiary of a fund managed by Macquarie Asset Management, as Borrower in a new revolving and term loan credit facility, with Mizuho Bank as the administrative and collateral agent, in the acquisition financing of a 40% equity stake in select U.S. Gulf Coast infrastructure assets from Dow Inc., with an option to increase the term loan if the Borrower opts to increase its equity stake to 49% within six months after closing. The new partnership, Diamond Infrastructure Solutions, will be a specialist infrastructure provider to Dow and other industrial customers at five of Dow’s manufacturing sites in Texas and Louisiana.
The Sidley team was led by Daniel Allison (Energy and Infrastructure Finance) and Azad Assadipour (Investment Funds). The team also included partner Carla Teodoro (Investment Funds), with support from senior managing associates Hye Kyoung Lee (Energy and Infrastructure), Alice Sarvi (Investment Funds), Christian Barraza (Tax), and Joe Zenruffinen (Global Finance); managing associate Renaud Poizat (Securities Enforcement and Regulatory); associates Harvey Lou, Claire Manson, Khoa Nguyen, and Katy Yu (Energy and Infrastructure), and law clerk Rob Lee (Investment Funds).
