For more than 30 years, Nancy Persechino has concentrated her practice in infrastructure development and finance. She represents institutional investors, commercial and multilateral lenders, investors and sponsors in the development, acquisition, financing and restructuring of fossil fuel and renewable energy projects in the United States and internationally.
Nancy is a member of the American College of Investment Counsel. Before joining Morgan Lewis, she was a partner at another international law firm.
Representative Transactions in the United States include:
Represented commercial banks and institutional investors in the project financing of a 156 MW wind farm in Quebec, Canada.
Represented institutional investors in the purchase of senior notes issued by the owner of an estate for years in the site for a large biomass (turkey litter) power plant in Benson, Minnesota. Proceeds of the notes were applied to purchase the interest in the project site and to purchase the power plant when built by the lessee/operator.
Represented the agent bank in the project financing of a portfolio of solar projects in California. The lender group provided construction, cash grant bridge and term financing.
Represented of a group of insurance company investors as senior noteholders in the leveraged lease financing of a 70-MW biomass (wood chip) power project in Berlin, New Hampshire. The project financing includes a Section 1603 Cash Grant bridge loan provided by Starwood Energy Group and leveraged New Market Tax Credit investments by a group of community development enterprises.
Represented a group of institutional investors purchasing fixed and floating rate secured limited recourse notes issued by the developer of a 20 MW solar facility in New Jersey. The note agreement contained a shelf facility pursuant to which the developer could request that the investors purchase additional notes if the developer entered into additional contracts for sales of renewable energy credits.
Represented the institutional investors in their purchase of senior secured limited recourse term notes issued jointly by a parent company and its two project developer subsidiaries, each of which proposed to use note proceeds to construct a separate solar power generating facility in Arizona. The investors also provided a Section 1603 Cash Grant bridge loan.
Represented the purchasers of senior secured notes issued to refinance the issuer’s purchase of a portfolio of hydropower generating facilities in New England.
Represented the institutional investors in their purchase of fixed and floating rate senior secured limited recourse notes, the proceeds of which were used to install a 133 MW wind power generating facility in Idaho. The investors also provided an ITC bridge loan.
Represented an institutional investor that provided a floating rate senior secured revolving facility to an issuer that proposed to develop a portfolio of rooftop and ground mounted solar projects at different intervals over a several year period. The note purchase agreement outlined the conditions required to be met before any particular project became “eligible” to receive note proceeds.
The University of Chicago, 1976, Bachelor of Arts
The University of Chicago Law School, 1980, Juris Doctor
Awards and Affiliations
Recognized, Project Finance Law, The Best Lawyers in America (2009–2018)
Top Woman Lawyer, The Best Lawyers in America (2016, 2017)
Recommended, Finance - Project Finance - Advice to Lender, The Legal 500 US (2017)
Recommended, The Legal 500 US (2016)
Recognized, Project Finance, Who's Who Legal (2016)