Michael Pignato
PEOPLE

Michael Pignato

Partner
pignato.michael@dorsey.com

Overview

MIKE HELPS CLIENTS WITH PROJECT DEVELOPMENT AND FINANCING, NATIVE AMERICAN FINANCE TRANSACTIONS, COMMERCIAL LENDING AND DERIVATIVES.

Mike is a partner in Dorsey's Finance and Restructuring group and co-Chair of the Project Development & Finance group.

Mike represents developers, investor owned utilities, municipal power agencies, generation and transmission cooperatives, lenders and investors in the development, construction, financing, acquisition disposition and restructuring of electric generation facilities (wind, solar, biomass, cogeneration, gas, coal, other), mining projects, water desalinization facilities, biofuel facilities, synthetic natural gas facilities and other projects.

A significant part of Mike’s practice is focused on the representation of lenders, tribes and other participants in Native American finance transactions, including in connection with the construction and expansion of casino and entertainment facilities, natural resource projects, energy projects and tribal infrastructure projects.

Mike also devotes a portion of this practice to representing corporate end-users, energy companies, borrowers and others in derivatives transactions, primarily in connection with commodity, interest rate and foreign exchange swap transactions.

Mike’s commercial lending practice includes the representation of lenders and borrowers in syndicated and participating loans, revolving and seasonal loan facilities, term loan facilities, letter of credit facilities, construction and real estate loans, leveraged leases, issuance of bonds and notes, acquisition financings, leveraged lending and asset-based financings.

Education & Admissions

University of California, Santa Cruz (B.A., 1991)

University of California, Hastings College of Law (J.D., 1994)

Admissions

  • Minnesota
  • California
  • U.S. Court of Appeals for the Ninth Circuit
  • U.S. District Court for the Northern and Eastern Districts of California

Experience

Representative Transactions

Representative Tribal Lending and Commercial Gaming Transactions

  • Counsel to lender in connection with $50 million senior secured credit facility for tribal gaming operations in Washington.
  • Counsel to tribal enterprise in connection with $80 million senior secured credit facilities for tribal gaming operations in Washington.
  • Counsel to administrative agent in connection with $75 million senior secured credit facilities for tribal gaming operations in Michigan.
  • Counsel to tribe in connection with $200 million senior secured credit facilities, including a convertible tax exempt loan facility, for tribal gaming operations and other governmental projects in California.
  • Counsel to administrative agent in connection with $290 million senior secured credit facilities for tribal gaming operations in New York.
  • Counsel to administrative agent in connection with $70 million senior secured credit facilities, including a convertible tax exempt loan facility, for tribal gaming operations and other governmental projects for a tribal enterprise in California.
  • Counsel to administrative agent in connection with $85 million liquidity facility for tribe in Alabama.
  • Counsel to lender in connection with $38 million senior secured tax exempt term loan facility for hotel expansion for a tribe in Oklahoma.
  • Counsel to administrative agent in connection with $165 million senior secured credit facilities for tribal gaming operations in Michigan.
  • Counsel to administrative agent in connection with $105 million senior secured credit facilities for commercial gaming operations in Iowa and Illinois.
  • Counsel to administrative agent and lead arranger in connection with $100 million senior secured credit facilities for commercial gaming operations in Iowa.
  • Counsel to lender in connection with $26 million senior secured credit facilities for commercial gaming operations in Nevada.
  • Counsel to lender in connection with $15 million senior secured credit facilities for manufacturer and supplier of casino currency and table game equipment.

Representative Commercial Lending Transactions

  • Counsel to administrative agent in connection with a $200 million senior secured working capital loan for a wine company.
  • Counsel to administrative agent in connection with a $205 million senior secured credit facility for a wireless device retailer.
  • Counsel to administrative agent in connection with a $100 million senior secured credit facility for an agricultural products company.
  • Counsel to medical device company in connection with $1.5 billion senior revolving credit facility and $500 million term loan facility.
  • Counsel to New York branch of foreign bank in connection with letter of credit facilities, cash management agreements and loan transactions.
  • Counsel to independent exploration and production company in connection with $1.5 billion senior secured credit facilities.

Representative Energy and Project Finance Transactions

  • Counsel to investor owned utility in connection with multiple build-to-transfer wind power projects located in Minnesota (100 MW, 200 MW) and North Dakota (150 MW).
  • Counsel to investor owned utility in connection with the acquisition of operating wind power projects in South Dakota (39 MW and 41 MW).
  • Outside general counsel to municipal power agency, including in connection with wholesale power contracts, facility construction agreements, power purchase agreements and other matters.
  • Counsel to investor owned utility in connection with acquisition of construction-ready wind power projects in Colorado (400 MW, 200 MW).
  • Counsel to investor owned utility in connection with acquisition of built-to-transfer wind power project located in Montana (25 MW).
  • Counsel to municipal power agency in connection with negotiation of renewable energy power purchase agreements (wind, solar, landfill gas, hydro).
  • Counsel to mining company in connection with $200 million project financing of precious metals mine in Nevada.
  • Counsel to mining company in connection with multiple financings for precious metals mine located in Nevada.
  • Counsel to project company in connection with development $423 million project financing (equity, subordinated debt and senior debt) and development of three 100-million gallon ethanol facilities, located in Indiana, Nebraska and Ohio. (Americas Environmental Deal of the Year, 2006, Project Finance International).
  • Counsel to administrative agent with respect to project financing of a water desalinization facility in Massachusetts.
  • Counsel to generation and transmission cooperative in connection with $939 million leveraged lease financing ($179 million lease equity, $760 million rule 144A note issue) for development of a 400 MW coal plant in Arizona (U.S. Power Generation Deal of the Year, 2003, Asset Finance International and Project Finance Magazine).
  • Counsel to independent power producer in connection with the development and project financing ($150 million - $2.5 billion) of over 30 gas-fired power projects (240 MW – 800 MW) located throughout the United States.

Industries & Practices

Bankruptcy & Financial Restructuring
  • Banking and Financial Institutions
  • Bankruptcy & Financial Restructuring
  • Clean Technology
  • Construction & Design
  • Construction Litigation
  • Cooperative Law
  • Electric Power
  • Energy
  • Health Care
  • Indian & Alaska Native
  • Latin America
  • Lending Transactions
  • Mergers & Acquisitions
  • Private Equity
  • Project Development & Finance
  • Public-Private Partnerships
  • Real Estate & Land Use

Professional & Civic

Professional Achievements

  • Board of Directors, Lawyers’ Committee for Civil Rights Under Law

Accolades

  • Minnesota Lawyers of the Year (2012)

North Star Lawyer logo

  • MSBA North Star Lawyer (2012-2014 and 2016)
Michael Pignato