People

Overview

Frank X. Schoen is a Project Finance Partner in the Global Projects department. Frank advises clients on complex debt finance transactions in the energy and infrastructure sectors, primarily in the U.S.

Frank represents private equity sponsors, their portfolio companies, corporate sponsors and project developers, as well as infrastructure funds, commercial banks, investment banks and other financing sources.

He has extensive experience with the spectrum of project finance and other debt finance products that span the full lifecycles of projects and other assets, from construction finance and acquisition finance to special situations financings and restructurings.

Prior to joining Baker Botts, Frank practiced for many years in the New York offices of top law firms. Early in his career, he served as in-house counsel in the New York office of a leading renewable energy company, where he focused on the development, construction, financing and sale of utility-scale renewable energy projects in North America. Frank began his career at an elite New York law firm.

Admissions & Affiliations

  • New York State Bar
  • New York City Bar Association
  • Energy Bar Association

Education

  • J.D., New York University School of Law
    Law Review
    Edmond Cahn Law Review Award
    Lawrence Lederman Fellowship in Law and Business
    Robert McKay Scholar
  • A.B., Philosophy & Business Economics, Brown University

Experience

  • Represented a private equity-backed solar project developer with EPC capabilities in connection with an $82.5 million revolving back-leverage and letter-of credit-facility for the development and construction of C&I solar projects
  • Represented a private equity-backed energy technology company in connection with a $40 million borrowing base facility agreement to finance the operations of its subsidiaries in the retail electricity business and in connection with the subsequent amendment and restatement of that facility to, among other things, include retail gas and upsize that facility to $80 million
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with all aspects of a $1.36 billion senior secured revolving back-leverage residential solar asset warehouse facility, including $761 million of upsizings, an amendment and restatement, various amendments and consents, drop downs of tax equity vehicles and takeouts of solar assets for ABS transactions
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with all aspects of a $1.0 billion senior secured revolving residential solar loan warehouse facility, including $650 million of upsizings, an amendment and restatement, various amendments and consents, and takeouts of solar loans for ABS transactions
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with all aspects of a $215 million senior secured revolving back-leverage warehouse facility for solar loans and solar assets located in Puerto Rico, including $155 million of upsizings, various amendments and consents, drop downs of tax equity vehicles, and takeouts of solar loans and solar assets for ABS transactions
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with all aspects of a $65 million senior secured revolving warehouse facility for home improvement and accessory loans, including takeouts of loans for ABS transactions
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with all aspects of a $25 million senior secured construction and term loan facility for C&I projects
  • Represented Sunnova Energy International, Inc. and its affiliates in connection with a $3.0 billion partial loan guarantee by the U.S. Department of Energy through its Loan Program Office for the financing of up to $3.3 billion of term loans to support solar loans originated by Sunnova under a new solar loan channel named Project Hestia
  • Represented a leading infrastructure investment fund, as agent and lender, in connection with the $70.6 million first- and second-lien acquisition financing for the purchase of an electrical contractor by a private equity firm focused on acquiring infrastructure-related contractors
  • Represented a leading infrastructure investment fund, as agent and lender, in connection with amendments and waivers related to an existing $33 million acquisition financing for the purchase of an asphalt paving manufacturer and contractor by a private equity firm focused on acquiring infrastructure-related contractors
  • Represented an advanced science and engineering company in connection with a $60 million senior secured term loan facility for the construction of a plant in California to recover precious metals and polymers from electronic waste *
  • Represented a project developer focused on midstream and downstream assets in North America in connection with a $160 million secured holdco term loan facility to finance a portion of the equity contributions required under the related project financing for the development and construction of an alkylate production facility in Texas *
  • Represented a leading developer of biofuels in connection with the $380 million senior secured opco and holdco term loan facilities to finance the acquisition of an existing diesel refinery in California and its conversion into a renewable diesel and jet fuel refinery *
  • Represented a project developer focused on designing, developing, owning and managing large-scale multi-modal logistics centers and energy-related midstream infrastructure across North America in connection with the $285.3 million senior secured term loan and letter of credit facilities for the development and construction of a bitumen and diluent separation unit in Alberta and rail tanker and barge terminal facilities in Texas *
  • Represented a project developer focused on midstream and downstream assets in North America in connection with the $523.6 million senior secured term loan, revolving loan and letter of credit facilities for the development and construction of an alkylate production facility in Texas *
  • Represented a leading private equity investment firm specializing in energy infrastructure investments in connection with the $575 million senior secured term loan, revolving loan and letter of credit facilities for the development and construction of an anhydrous ammonia facility in Texas *
  • Represented a leading private equity investment firm specializing in energy infrastructure investments in connection with a $275 million incremental senior secured term loan facility to finance the acquisition of two natural gas-fired combined-cycle power projects *
  • Represented the then-largest European wood pellet and biomass producer in connection with a $60 million senior secured term loan facility to finance the acquisition of certain wood pellet production and shipping assets in Texas pursuant to a Section 363 sale *
  • Represented a leading private equity investment firm specializing in energy infrastructure investments in connection with a $100 million incremental senior secured term loan facility to finance the acquisition of a natural gas-fired combined-cycle power project in Ohio *
  • Represented a private equity fund focused on power and infrastructure assets in connection with a $41.2 million senior secured term facility to finance the acquisition of an option to acquire a minority interest in a transmission line in California *
  • Represented a leading international bank, as lead arranger, in connection with the $555 million senior secured term loan and revolving loan facilities to refinance a natural gas-fired combined-cycle power project in Michigan *
  • Represented a leading international bank, as lead arranger, in connection with the $415 million senior secured term loan and revolving loan facilities to finance the acquisition of two natural gas-fired combined-cycle power projects *
  • Represented a leading international bank, as lead arranger, in connection with a $190 million senior secured bridge term loan facility to finance certain North American pipeline assets and related infrastructure assets *
  • Represented a leading international bank, as lead arranger, in connection with a $145 million senior secured exit financing facility for a coal-fired power project upon its emergence from bankruptcy *
  • Represented a leading LNG export company in connection with the $3.7 billion senior secured debt financing for the third train of its multi-train natural gas liquefaction and LNG export facility in Texas *
  • Represented a leading LNG export company in connection with the $4.0 billion senior secured debt financing for the second train of its multi-train natural gas liquefaction and LNG export facility in Texas *
  • Represented leading banks, as the underwriters and initial purchasers, in connection with the issuance of $244 million in private activity bonds (PABs) to finance a four-lane median-divided highway in Indiana under a public-private agreement *

*Prior to Joining Baker Botts