Frank X. Schoen is a partner in the Global Projects Department. Frank represents private equity sponsors and project developers, as well as commercial and investment banks, investment firms and other financial institutions, on project finance, leveraged finance and acquisition finance transactions in the conventional power, renewable energy, oil and gas, and infrastructure sectors. Frank has extensive experience with the development, construction, financing, acquisition, sale and restructuring of large-scale projects.
Prior to joining Baker Botts, Frank practiced for many years in the New York offices of international law firms. In addition, 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 solar power projects in North America.
Related Experience
- Represented a leading producer of biofuels in connection with the proposed construction financing and tax equity financing of carbon capture and storage facilities in Texas under development through a joint venture with an affiliate of an international energy company *
- 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 $365 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 $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 $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 $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 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 $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 $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
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Sunnova’s $3 Billion U.S. Department of Energy Conditional Commitment
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Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar Systems
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Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar and Battery Loan Agreements
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Baker Botts adds Project Finance Partner in New York
Private Equity WirePrivate Equity Wire
Baker Botts hires project finance partner | News
IJGlobalIJGlobal
Baker Botts adds project finance partner in New York
TXF NewsTXF News
Baker Botts Bolsters Project Finance Bench, Adding Frank Schoen
Bloomberg LawBloomberg Law
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Thought Leadership
Significant Updates to DOE LPO Clean Energy Finance Programs Under Sections 1703 and 1706
Client UpdatesEnergy Update
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