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- Carter Ledyard Advises on $115 Million Financing for Tribal Energy Company
Carter Ledyard Advises on $115 Million Financing for Tribal Energy Company
Our clients Keybanc Capital Markets and Keybank N.A. recently led a syndicate of other lenders in a $115 million Senior Secured Credit Facility for the Navajo Transitional Energy Company, operator of the Navajo coal mine on the Navajo Nation reservation. The funds were used to pay off the company’s acquisition loan for the mine, which had allowed the Navajo Nation to take control of its natural resources on an unprecedented scale for an Indian tribe. Carter Ledyard has previously represented Keybanc Capital Markets and Keybank N.A. on loan agreements and tax-exempt bond issuances by the Navajo Nation itself. Corporate partner Steven Paul McSloy led the effort as Indian law counsel to the lenders, along with associate Guy Ben-Ami and summer associate James S. Arrabito.
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Mr. McSloy taught at the College's semi-annual Leadership & Governance Certificate Program, designed for current and aspiring tribal leaders.
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Ms. Wallace has been a partner at CLM since 2017 and practices Art Law, Environmental Law and Litigation.
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Carter Ledyard is pleased to welcome the arrival of Ms. Dreizen to the firm as Counsel in the Corporate department.
Partner Steven Paul McSloy gave a presentation at the Consulate General of Ireland in NYC on “The American Indian as Irishman: The Lost Connection”
Carter Ledyard client Global SC Finance IV Limited completed an offering of $196 million of fixed rate asset backed notes.
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Jack was honored with the Chairman's Award, in recognition of his "tireless efforts and unending dedication to the foundation."
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Our 2017 Year in Review highlights the cutting-edge work of our clients, both foreign and domestic, and some of the ways we helped them succeed.