Paul Hastings Represents InterGen in $3.4 Billion Debt Recapitalization

Washington, D.C. (October 22, 2007) – LAWFUEL – The Legal Newswire – Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm advised InterGen, a leading global power generation company, in raising $3.4 billion in debt and revolving credit facilities to refinance its debt at the parent company level and repay project level debt associated with certain of InterGen’s power plants in the United Kingdom and Mexico. The financing, which closed on July 31, 2007, consists of a $1.875 billion issuance of InterGen’s senior secured bonds in dollars, euros and pounds sterling and $1.52 billion in senior secured term loans and multi-currency revolving credit facilities.

Washington, D.C. finance partner Ellis Butler led the international Paul Hastings team, which included partners Michael Chernick, Alexander Lee, Philip Marzetti, Jeff Schroeder and William Schwitter, and associates Yumiko Abe, Raquel Bierzwinsky, Kirk Lovric, David Marshall, Jason Miller, Michael Moscarello, Christian Peterson, Alishia Sullivan and Eduardo Travesi.

Commenting on the deal, Ellis Butler said, “This milestone refinancing for InterGen, with its diverse portfolio of projects and its global footprint, demanded a similarly diverse and global team from Paul Hastings, drawing equally on the international resources of our Global Projects Group and on our capital markets and leveraged finance capabilities. We were proud to be part of the InterGen team that brought this deal to a successful conclusion in the face of increasingly volatile debt markets this summer.”

About InterGen: InterGen is a global power generation firm with nine power plants representing an equity share of 5,235 MW of production capacity. InterGen has projects in operation or in active development in the United Kingdom, the Philippines, Mexico, Australia, the Netherlands and Singapore.

About Paul Hastings’ Global Projects Group: The Paul Hastings Global Projects Group is internationally recognized for the breadth and depth of its project finance capabilities. With more than 25 years of experience, Paul Hastings has one of the most experienced teams of projects lawyers in the world. In the last few years, the Global Projects Group has represented clients in more than $40 billion of project transactions globally.

About Paul Hastings’ Leveraged Finance Group: Paul Hastings’ Leveraged Finance Group is a leading provider of services to financial institutions and borrowers/issuers in the syndicated lending and high yield markets in connection with both leveraged acquisitions and stand-alone financings. According to Bloomberg’s Year End Legal Adviser League Table for U.S. High Yield Issuer Advisers, in 2006, Paul Hastings was ranked sixth among all law firms in terms of the number of issuer – side representations for high yield bond offerings.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in capital markets, finance and restructuring, intellectual property, international arbitration and dispute resolution, investment management, labor and employment, mergers and acquisitions, private equity, product liability, project finance, real estate, securities litigation and tax advisory services. For additional information, please visit our website at

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