Overview
Michael Novak advises clients on sophisticated financings, with a particular focus on debt financings. Michael has extensive experience leading deal teams in structuring, negotiating and executing domestic and cross-border financings ranging from less than $100 million to over $6 billion.
Michael practices in the project finance and tax equity section of Stoel Rives’ Corporate group. Michael has adeptly represented leading global financial institutions, infrastructure investors, project sponsors, direct lenders, and private capital providers in a broad range of financings, including leveraged acquisition financings, unitranche and senior-stretch facilities, syndicated credit facilities, asset-backed financings, project financings, and restructurings. His strategic counsel helps clients navigate ongoing obligations and operational matters associated with sophisticated financing structures.
Before joining Stoel Rives, Michael honed his skills as a leveraged finance and project finance attorney in New York and Los Angeles.
Education
Northwestern University School of Law, J.D., 2014
New York University, Stern School of Business, B.S., Finance and Marketing, 2008
Admissions
California
New York
Experience
- Represented the arrangers and lenders providing $1.1 billion in sustainability-linked infrastructure debt financing to a major infrastructure investment firm in the first ever project finance style FTTH infrastructure financing in the United States for an existing and integrated FTTH platform.
- Represented a leading infrastructure investment firm in obtaining over $1 billion in debt financing to support its acquisition of a 4.8 GW power generating portfolio in the PJM market.
- Represented a leading infrastructure investment firm in obtaining debt financing to support its acquisition of a 1.9 GW power generating portfolio consisting of four facilities in ISO New England and New York ISO.
- Represented the arrangers and lenders providing a construction loan for the development of the first two casinos approved and built in the state of Nebraska.
- Represented the arrangers and lenders providing a $125 million exit credit facility to support the emergence from bankruptcy of one of the largest independent power producers in the United States.