Lucas F. Torres

Lucas F. Torres has extensive experience in all aspects of domestic and international capital markets transactions, with a particular familiarity in financings by utilities and other energy companies.

PRACTICE & BACKGROUND
Mr. Torres represents one of the largest investor-owned electric utility systems in the United States in a wide range of corporate finance and securities matters and has experience acting as issuer’s or designated underwriters’ counsel for a number of other large domestic utility and telecommunications systems. His practice involves providing advice to clients on a wide range of corporate, finance and securities matters, including corporate and financial restructuring issues.

Mr. Torres has also represented energy companies in mergers and acquisitions and related financings; underwriters in debt offerings in the United States by foreign energy companies; and issuers in public offerings of telecom debt.

REPRESENTATIVE MATTERS
Mr. Torres’ significant representations include advising:

  • a public utility holding company in a $1.04 billion acquisition of two gas utilities
  • a buyer in $8.5 billion merger transaction
  • issuers in both public and private offerings of more than $3.5 billion of common equity and secured and unsecured long-term debt securities, including senior notes and first mortgage bonds
  • the lessee and parent guarantor of over $1 billion of 144A pass through trust certificates relating to the financing of the sale and leaseback of a coal-fired power plant
  • conduit borrowers, underwriters and remarketing agents in the issuance, refunding and remarketing of more than $2.0 billion of pollution control and other tax-exempt debt, including credit-enhanced auction rate securities and variable rate demand bonds
  • conduit borrowers in the restructuring of over $500 million of auction rate bonds in response to disruptions in the auction market
  • borrowers in connection with the refinancing and restructuring of over $3.0 billion of syndicated bank facilities
  • underwriters and initial purchasers of more than $2.5 billion of secured, unsecured and convertible debt securities and common equity, including over $750 million of utility stranded cost securitization bonds
  • public companies on SEC reporting and other public disclosure issues, Sarbanes-Oxley compliance and other federal securities law matters.

 

SPEAKING ENGAGEMENTS
Mr. Torres was a panelist on the Energy Central-sponsored webinar about financing power generation and transmission projects titled “Thriving Financially Amid Turmoil.”