Joshua Nickerson represents clients in transportation, energy, water and sports-related transactional matters. He has more than 20 years of experience arranging and closing complex transactions involving project development and construction, public-private partnerships (P3), debt financings and restructurings, equity investments, corporate and project acquisitions and dispositions, and partnerships and joint ventures.

Bio

United States Federal Credit Programs

Mr. Nickerson’s work includes representation of the U.S. Department of Transportation, as lender under the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation & Improvement Financing (RRIF) credit programs, in connection with loan and loan restructuring transactions for transportation P3s and other road-, rail- and airport-related transportation infrastructure. His representative transactions include:

  • the $1.2 billion loan for the Transform66 Outside the Beltway P3 in Virginia;
  • the $209 million loan for the Portsmouth Bypass P3 in Ohio;
  • the debt restructuring for the Pocahontas Parkway P3 in Virginia;
  • $1.88 billion of aggregate financing for the Dulles Corridor Metrorail Project (Silver Line Phase 2) in Virginia;
  • the $452 million loan for the Downtown Crossing portion of the Louisville-Southern Indiana Ohio River Bridges project;
  • the debt restructuring for the Transbay Transit Center in San Francisco;
  • approximately $350 million of loans in support of managed lane projects in California;
  • two separate loans to the Central Texas Regional Mobility Authority for the 183-S and Manor Expressway (290E) projects near Austin, Texas; and
  • financing for the Chicago O’Hare International Airport consolidated rental car (ConRAC) facility.

He also represents the U.S. Environmental Protection Agency, as lender in matters related to the Water Infrastructure Finance and Innovation Act (WIFIA), including in connection with:

  • financing for the Deer Creek Sanitary Tunnel and Sanitary Relief project in St. Louis, Missouri; and
  • financing for the Groundwater Replenishment System expansion project in Orange County, California.

Public-Private Partnerships

Mr. Nickerson represents bidders, lenders and contractors in connection with road, rail, airport and other transportation P3 transactions, including:

  • a primary contractor to a bidder for the MBTA Automated Fare Collection System P3 in Massachusetts;
  • a shortlisted consortium in the 2015 bankruptcy-related auction for the Indiana Toll Road concessionaire;
  • lenders to the winning bidder for the $2.5 billion proposed long-term concession of Midway Airport in Chicago, the first large air carrier hub airport to participate in the Federal Aviation Administration’s airport privatization pilot program;
  • the lenders to a shortlisted bidder for the PR-22/PR-5 long-term toll road concession in Puerto Rico; and
  • the state of New Jersey in developing a $35 billion proposed public-private partnership for the state’s toll roads.

Energy and Power Transactions

Mr. Nickerson represents developers, investors and lenders in electric power and other energy-related projects and transactions, including:

  • EDF Renewable Energy in its acquisition of groSolar, a developer and construction contractor of solar projects;
  • Goldman Sachs in connection with an inverted lease tax equity financing for, and acquisition of, residential rooftop solar facilities;
  • Frontier Renewables in the sale of three late-development stage, utility scale, photovoltaic solar power projects in California;
  • a client in connection with the development and operation of a network of liquefied natural gas (LNG) truck fueling facilities across the United States;
  • SolarReserve in connection with a $737 million loan guarantee from the U.S. Department of Energy for the 110 MW Crescent Dunes concentrating solar power project near Tonopah, Nevada; and
  • the lenders in the $1.8 billion non-recourse financing of Phase II of Dabhol Power Company’s 2,450 MW generating station and LNG regasification facility in India.

Sports-Related Transactions

Mr. Nickerson represents lenders, borrowers and investors in sports-related transactions, including:

  • the lenders in the construction financing for Audi Field, the stadium for DC United;
  • an investor in On Location Events, a major sports and entertainment event hospitality and production provider;
  • a shortlisted bidder for the acquisition of the Buffalo Bills;
  • the lenders in a revolving credit facility to the Kansas City Chiefs for upgrades to Arrowhead Stadium;
  • the lenders in a refinancing of the construction and term loan for Comerica Park, the stadium of the Detroit Tigers;
  • the Minnesota Vikings in a refinancing of its limited partner acquisition financing;
  • an investment bank in connection with a shortlisted bidder for the bankruptcy sale of the Los Angeles Dodgers; and
  • lenders in other team acquisition and stadium related financings for the Houston Astros and the Denver Broncos.

Credentials

Education

  • J.D., University of Virginia School of Law, 1997
  • M.A., Tufts University, Fletcher School of Law and Diplomacy, 1997
  • B.A., Georgetown University, 1992

Admissions

  • New York
  • District of Columbia

Joshua B. Nickerson

Counsel, Energy and Infrastructure Projects; Sports
joshua.nickerson@skadden.com