Dale E. Caldwell

Partner

Tokyo, 81 3 3214 6522

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Education

University of Arizona (B.A., 1990)
;
University of Minnesota Law School (J.D., 1994)

Practices

Project Finance | Japan

Finance | Japan

Mergers + Acquisitions | Japan

Bar Admissions

Japan (Gaikokuho-Jimu-Bengoshi)
California

Dale Caldwell's practice focuses on a broad variety of sophisticated financing transactions, including: project finance, in which he represents lenders, project sponsors and construction contractors in connection with development and financing of infrastructure projects around the world; and LBO/MBO and other acquisition finance, in which he regularly represents lenders and both strategic and financial buyers. Mr. Caldwell also has substantial experience advising companies on cross-border M&A, joint venture and strategic alliance transactions.

Caserones Copper and Molybdenum Mining Project.

Represented SCM Minera Lumina Copper Chile in connection with the $1.4 billion limited recourse project financing for the development of the Caserones Copper and Molybdenum Mining Project in Chile. Minera Lumina is 75% owned by Pan Pacific Copper (which is a joint venture of JX Holdings, Inc. and Mitsui Mining & Smelting Co., Ltd.) and 25% owned by Mitsui & Co., Ltd. The financing consisted of a $1.1 billion senior facility provided by JBIC and a group of commercial banks that received the benefit of a NEXI guaranty, and a $300 million junior facility provided by a group of commercial banks that received a guaranty from JOGMEC.

South Texas Nuclear Power Project 3 & 4.

We represent Toshiba America Nuclear Energy Corporation (TANE) in its role as EPC contractor for the design and construction of a two unit, 2800 MW Advanced Boiling Water Reactor nuclear power plant at the South Texas Project in Texas. Also representing TANE in connection with a vendor financing credit facility made available to one of the owners of the new units at the South Texas Project.

Mexican Power Stations and Pipeline Acquisition.

We represent Mitsui & Co., Ltd. and Tokyo Gas Co., Ltd. in their $1.2 billion acquisition of a controlling interest in five gas-fired combined cycle power stations in Mexico with an aggregate total generating capacity of 2,233MW and a related gas pipeline company, and in connection with the financing for such acquisition.

Toshiba America Nuclear Energy's $300 million investment in Nuclear Innovations North America.

We represented Toshiba America Nuclear Energy Corporation in its $300 million investment in Nuclear Innovation North American LLC, a joint venture with NRG Energy Inc. that was formed to develop nuclear projects in North America.

Mizuho Corporate Bank LBO Financings.

Represented Mizuho Corporate Bank, Ltd., as lead arranger, agent, and lender in several leveraged buy-out acquisition financings, including (l) the 10,000,000,000 (yen) financing for a private equity firm's acquisition of a group of located in Japan, Australia, New Zealand, Singapore and Canada, including the extension of a post-acquisition revolving credit facility and (ii) the $210,000,000 financing provided in connection with two private equity firms' acquisition of a group of companies located in Japan and the U.S. (including post-acquisition revolving credit and letter of credit facilities).

Pluto LNG Project

We represented Woodside Petroleum Limited in the $1.5 billion financing for this liquefied natural gas project in Australia. Japan Bank for International Cooperation (JBIC) provided a $1.0 billion tranche, and a syndicate of commercial lenders, lead by The Bank of Tokyo Mitsubishi UFJ, Ltd., provided the remaining $500 million tranche.