Richard S. Lincer’s practice spans corporate and financial matters, including international project financings and debt restructurings, corporate and asset acquisitions, joint ventures, and high-yield and leveraged finance transactions, as well as regulation of investment funds and investment advisors.

Richard joined the firm in 1979 and became a partner in 1986. He was resident in the firm’s Hong Kong office in 1998 and 1999.

Notable Experience

Project Finance

  • Aerostar Airport Holdings, a joint venture of Highstar Capital and Grupo Aeroportuario del Sureste, in a public-private partnership to operate the San Juan Luis Muñoz Marin International Airport, the first major U.S. airport to be run by a private operator under the FAA’s Pilot Privatization Program.

  • Highstar Capital and its portfolio company Ports America Chesapeake in its more than $1 billion investment in the Seagirt Marine Terminal in the Port of Baltimore and in the $100 million bond financing for the renovation and improvement of Berth III at the terminal, including the purchase and installation of four new super post-Panamax cranes.

  • AIG Highstar Capital in its acquisition of P&O Ports North America, which comprised the U.S. port operations of DP World, and the subsequent acquisitions of the marine terminal operator MTC Holdings and the Puerta Mexico intermodal terminal facility.

  • Highstar Capital and its portfolio company Ports America in the refinancing of Ports America’s credit facilities into a single, unified capital structure comprising two credit facilities aggregating $850 million.

  • Port Newark Container Terminal (PNCT) in the $300 million bond financing for the expansion and improvement of the terminal in the Port of New York and New Jersey.

  • Oaktree Capital Management in the $160 million proposed public-private partnership for operation of the Westchester County Airport.

  • Project financing of the Stendal pulp mill (the largest-ever project financing in Germany).

  • Sateri International in the project financing for the expansion of the pulp mill owned by its subsidiary, Bahia Pulp, in Brazil.

  • Substantial work with cogeneration and other electrical power projects; infrastructure projects, such as toll roads and ports; and various types of industrial facilities, such as pulp and paper mills and methanol plants.

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Latin America Electrical Power and Infrastructure Projects

  • General Electric, Bechtel Enterprises, El Paso Natural Gas Company, and ICA Fluor Daniel in the project development and financing for Samalayuca II, a 700 MW combined cycle gas-fired power plant to be built in Mexico and leased to CFE.

  • Sponsors and underwriters in connection with the groundbreaking international capital markets financings for various Mexican and Chilean toll road projects.

  • Sponsors in the project financing of the Caucedo container terminal in the Dominican Republic and the Callao container terminal in Peru.

  • DP World in various transactions, including:

    • its joint venture and project financing of the Caucedo terminal in the Dominican Republic,
    • its concession and project financing of the Callao terminal in Peru,
    • the acquisition of AIH in Peru, and
    • the acquisition of Cosmos Agencia Maritima, a logistics and ports company in Peru.

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Financing Aspects of Mergers and Acquisitions, and Other Corporate Transactions

  • Tech Data in its pending $5.4 billion sale to Apollo Global Management, its $2.6 billion acquisition of Avnet’s technology solutions business, in the amendment and restatement of its $1.5 billion revolving credit facility, and in the $300 million refinancing of its term loan credit facility.

  • 3M in its $6.7 billion acquisition of Acelity.

  • Pinterest in its $500 million revolving credit facility.

  • International Seaways’ $435 million acquisition of six VLCCs from Euronav NV.

  • Stanley Black & Decker’s $1.4 billion sale of its Hardware & Home Improvement Group to Spectrum Brands Holdings.

  • Google’s $2.35 billion sale of its Motorola Home Business to ARRIS Group, and Alphabet’s $4 billion revolving credit facility.

  • Northern Tier Energy’s purchase of Marathon Oil’s St. Paul Park, Minnesota, refinery and related assets.

  • LS Cable’s $1.2 billion acquisition of Superior Essex.

  • Kindred Healthcare’s $1.8 billion acquisition of Gentiva Health Services; $1.3 billion acquisition of RehabCare; and in financing matters related to its $4.1 billion sale to TPG, WCAS, and Humana.

  • Istithmar World’s acquisition of the luxury specialty retailer Barneys New York.

  • The financing arrangements for the proposed acquisition of Qantas by a consortium of private equity firms, among other transactions.

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Bankruptcy and Restructuring

  • CROSSMARK in its successful out-of-court restructuring, including its entry into a new asset-based loan revolving credit facility.

  • The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) in its negotiations with General Motors Corp., Ford Motor Co., and Chrysler Corp. regarding funding arrangements for their retiree healthcare benefit obligations and in connection with the bankruptcies of General Motors and Chrysler.

  • Apex Silver Mines in its restructuring of the project debt and joint venture arrangements for its San Cristobal Mine in Bolivia.

  • American Roads in the restructuring of its $830 million in debt.

  • Overseas Shipholding Group in its bankruptcy exit financing facility.

  • Noble Group’s successful bid to purchase substantially all of the assets of SemFuel, a subsidiary of SemGroup, through a bankruptcy auction.

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Nordic Region

  • Valmet in its acquisition of North American-based GL&V.

  • Ahlstrom in its acquisition of Expera Specialty Solutions, sale of its wipes fabrics to Suominen, sale of its Power Generation Business to Foster Wheeler, and previous acquisition of the nonwovens division of Dexter Corp.

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Asia

  • The restructuring of the foreign debt of the Daewoo companies (one of the largest private sector restructurings ever).

  • The acquisition of a controlling interest in Korea First Bank by Newbridge Capital.

  • The acquisition by an investment affiliate of the Goldman Sachs Group of an interest in Kookmin Bank.

  • Note issues by Malaysia and by Petroliam Nasional Berhard (PETRONAS), the Malaysian national oil company.

  • SK Global in the restructuring of more than $7 billion in debt.

  • The $3.3 billion sale of Korea First Bank by Newbridge Asia, the largest-ever foreign investment in South Korea.

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SELECTED ACTIVITIES

  • Member of the Board of Visitors & Governors, St. John’s College
  • Chairman of the Board of Trustees, The Cooper Union for the Advancement of Science and Art, 2013-2016

Publications

Events