Toren Murphy is a partner in the New York office of Gibson, Dunn & Crutcher. He is a member of Gibson Dunn’s Projects and Infrastructure, Latin America, Capital Markets and Global Finance Practice Groups.
Mr. Murphy’s practice focuses on infrastructure projects, with substantial experience in public-private partnerships and related concessions or leases of infrastructure assets between public grantors and private sector developers and operators, with particular expertise in transportation infrastructure, including roads, bridges, airports, ports and rail assets. His experience covers project procurement, concession and lease documentation, construction contracts, and project finance, including project bonds and TIFIA loan financings, as well as secondary market acquisitions and divestiture transactions. He also has significant regional expertise working on various types of financing transactions in Latin America.
Chambers USA: America’s Leading Lawyers for Business and Chambers Global: The World’s Leading Lawyers for Business recognize Mr. Murphy nationally as a leading lawyer in Projects: PPP. He is described as “a really sharp lawyer who is devoted to his clients.”
He received his J.D., magna cum laude, from Syracuse University, along with an M.A. from the Maxwell School of Citizenship & Public Affairs at Syracuse University, in 2007.
- Representation of Purple Line Transit Partners LLC, the concessionaire in respect of the Purple Line Light Rail Project in Maryland, in connection with various construction-related disputes with the Maryland Department of Transportation and the Maryland Transit Administration, the procurement of a new design-build contractor and the $2.6 billion refinancing of the project.
- Representation of Antin Infrastructure Partners in its strategic investment in Lake State Railway Company, a Michigan-based regional short-line freight railroad operator.
- Representation of Ceres Terminals, a leading provider of stevedoring and terminal operation services in North America, in respect of its senior secured credit facilities and a joint venture investment in Galveston Cruise Terminal with Royal Caribbean.
- Representation of NYK Ports in respect of its senior secured credit facilities and an equipment lease financing for its subsidiary operating Yusen Terminal in the Port of Los Angeles.
- Representation of Macquarie Infrastructure and Real Assets in connection with its joint venture with, and then subsequent buyout of, NYK Ports’ minority equity interest in Maher Terminals.
- Representation of the operator of the Long Beach Container Terminal in respect of its senior secured credit facilities.
- Representation of Macquarie Infrastructure and Real Assets in its acquisition and related financing of International Transportation Service, operator of a shipping terminal in the Port of Long Beach, from K-Line and Ports America, and a related joint venture and financing in respect of Husky Terminal and Stevedoring, operator of a shipping terminal in the Port of Tacoma.
- Representation of MIRA in its $1.78 billion acquisition and related financing of the operator of the Long Beach Container Terminal from Orient Overseas Container Line (OOCL), and negotiation of a container stevedoring and terminal services agreement with OOCL.
- Representation of Macquarie Infrastructure and Real Assets in its acquisition of the remaining 50% of Ceres Terminals from NYK Ports.
- Representation of Maher Terminals, one of the largest privately held multiuser container terminals operators in the world, in respect of its senior secured credit facilities.
- Representation of Macquarie Infrastructure and Real Assets in the acquisition and related financing of Maher Terminals, operator of a 454-acre multi-user container terminal in Port Elizabeth, New Jersey, from Deutsche Bank.
- Representation of Autopistas Metropolitanas de Puerto Rico (Metropistas), operator of the PR-22 toll road project in Puerto Rico, in respect of its senior secured credit facilities and private placements of senior secured notes, and in connection with a class action litigation defense in respect of tolling practices.
- Representation of NTE Mobility Partners, the developer of Segments 1 and 2 of the North Tarrant Express Facility, a managed toll lanes facility located in Tarrant County, Texas, in connection with the issuance of $1.2 billion aggregate principal amount of senior lien private activity to refinance existing debt, and its senior secured revolving letter of credit facility.
- Representation of NTE Mobility Partners Segments 3, the developer of the North Tarrant Express Segments 3A and 3B Facility, a managed toll lanes project on I-35W in the Dallas-Fort Worth region in Texas, in connection with the implementation of the Segment 3C facility extension under a comprehensive development agreement with TxDOT and related financing with $654 million of senior lien private activity bonds.
- Representation of LBJ Infrastructure Group and NTE Mobility Partners, subsidiaries of Cintra Infrastructures, in negotiations with TxDOT and the North Texas Tollway Authority in order to implement tolling services transition planning arrangements.
- Representation of Cintra Global and Meridiam Infrastructure as sponsors of I-66 Express Mobility Partners LLC in respect of the winning proposal to develop the Transform 66 P3 Project in Virginia respect of private activity bonds and TIFIA loan financing transactions.
- Representation of I-77 Mobility Partners LLC as winning bidder for a concession to develop the I-77 HOT Lanes Project in North Carolina and in the related financing transaction including the issuance of $100 million of private activity bonds and a $189 million TIFIA loan from the U.S. Department of Transportation.
- Representation of Cintra Infrastructures in connection with its bid for a concession to develop the SH 288 Toll Lanes Project in Harris County, Texas.
- Representation of VINCI Concessions, Meridiam Infrastructure and Walsh Construction as sponsors in connection with their bid for a concession to develop the I-4 Ultimate Project in Florida.
- Representation of Ferrovial Aeropuertos in connection with the Great Hall Project at Denver International Airport in Colorado, the first hybrid demand risk and availability payment transaction in the United States.
- Representation of Cintra Infrastructures and Meridiam Infrastructure as sponsors in connection with their bid in respect of the I-10 Mobile Bayway Project in Alabama.
- Representation of Macquarie Capital in its bid for development of a bridge project in Illinois.
- Representation of Morgan Stanley Senior Funding, Inc., as initial lender and sole lead arranger in respect of establishment of a $75 million senior secured credit facility to Galileo Technologies Corporation, in a cross border transaction secured by collateral in the United Stated, United Kingdom, Argentina and Brazil.
- Representation of Gramercy Funds Management in respect of various project-related credit facilities to companies in Mexico.
- Representation of lending vehicles managed by Gramercy Funds Management in respect of various financing transactions in Peru, Colombia and Panama.
- Representation of Meridiam Infrastructure in connection with a financing transaction in relation to a hospital development project in Chile.
- Representation of Deutsche Bank, as initial lender, sole book-runner and lead arranger in a $300 million term loan facility to Telecom Argentina S.A., and subsequent refinancing with senior notes.
- Representation of CVI Investment Holdings as lender in a $63.4 million senior secured bridge loan facility to Supercanal, an Argentine provider of cable television services, to refinance existing debt and for capital expenditures for network upgrades.
- Representation of Deutsche Bank and Credit Suisse in connection with financing commitments for credit facilities to finance the acquisition of Latin American assets of a major global power producer.
- Representation of Deutsche Bank Securities, Credicorp Capital, Citigroup, Morgan Stanley and Scotiabank as initial purchasers and Interbank as co-manager in the issuance by Orazul Energy Egenor, a Peruvian power company, of $550 million of its 5.625% Senior Notes due 2027.
- Representation of Deutsche Bank, Banco de Credito del Peru, Bank of Nova Scotia and Banco Internacional del Peru as lenders in respect of a $450 million senior secured credit facility to Orazul Energia Partners in order to finance the purchase of the business of Duke Energy International Group.
- Representation of NML Capital, Ltd. (an affiliate of Elliott Management Corporation) in connection with its $2.4 billion settlement with the Republic of Argentina to satisfy NML’s claims on Argentina’s defaulted bonds.
- Representation of Deutsche Bank AG as lender in connection with a structured financing in respect of payroll deduction loan portfolio in Colombia.
- Representation of General Electric International as lender in respect of a $14 million development loan facility for an LNG receiving terminal and combined cycle gas-fired power generation facility in Chile; and representation of GE Power Systems in a related engineered equipment package (EEP) and services supply exclusivity agreement entered into with the project company borrower.
- Representation of Meridiam Infrastructure in respect of its subscription-backed revolving credit facilities.
- Representation of credit fund investment vehicle managed by Gramercy Funds Management as borrower under a senior secured revolving credit facility.
- Representation of Meridiam controlled co-investment vehicle in respect of a $50 million term loan facility secured by co-investor equity commitments and project company distributions.