Photo of Benjamin A. Huffman

Benjamin A. Huffman

Partner
Chicago
F: +1.312.962.0759

Education

  • J.D., Notre Dame Law School, 2010, summa cum laude
  • B.A., DePauw University, 2007, cum laude, Phi Beta Kappa, Management Fellow
  • Illinois
  • Indiana
Overview
Experience
Thought Leadership

Overview

Ben Huffman is a partner in the Energy, Infrastructure and Project Finance Team and the Real Estate, Land Use and Environmental Practice Group in the firm's Chicago office.

Areas of Practice

Ben is experienced with a variety of enterprise-level and project-level debt and equity financings, including origination and secondary market transactions. 

Ben works with financing providers (including banks, non-bank lenders, insurance companies and investment funds) and financing users (including project developers, public company borrowers and privately held borrowers) in connection with construction, acquisition and working capital debt facilities, passive tax and cash equity investments and secondary market purchase and sale of debt and equity financing products.

While he works with a variety of industries, Ben is particularly experienced with tax credit monetization transactions and renewable energy production facilities.

Experience

Indicative Enterprise-Level Financing Representation

Asset-Based Lending

  • Domestic wind energy developer; $190 million equipment loan.
  • Vertically integrated oil and gas company; $2.2 billion senior secured revolving credit agreement and $250 million private placement of notes.
  • Global bank; $160 million first-lien senior secured revolving facility for a security and alarm retail company.

Cash Flow-Based Lending

  • Regional bank; $25 million term loan secured by cash flows from coal treatment facilities.

Acquisition Lending

  • Development and construction company; Multiple-term loan facilities to finance acquisition of solar energy facility portfolio.
  • Global bank; $725 million revolving and term facility to support acquisitions by a publicly listed financial products company.
  • Private equity fund; Acquisition financing for a $2.2 billion leveraged buyout of a publicly listed retailer.
  • Private equity fund medical device portfolio company; $131 million acquisition financing in the form of senior secured term and revolving credit agreement and subordinated notes.
  • Global bank; $105 million leveraged loan to finance acquisition of a multi-national computer hardware manufacturer.
  • Global bank; $120 million leveraged loan to support acquisitions by a multi-national chemicals manufacturer.

Indicative Project-Level Financing Experience

Construction and Term-Converted Debt

  • Domestic wind energy developer; $490 million term-convertible construction debt and tax equity financing for a wind generation facility in Illinois.
  • Domestic wind energy developer; $568 million term-convertible construction debt and tax equity financing for a wind generation facility in Michigan.
  • Domestic wind energy developer; $650 million term-convertible construction debt and tax equity financing for a wind generation facility in Nebraska.
  • Domestic wind energy developer; $96 million term loan refinancing for a wind generation facility in West Virginia.
  • Domestic wind energy developer; $106 million term loan refinancing for a wind generation facility in Illinois.

Tax and Cash Equity Investments

  • National bank; $84 million tax equity investment in a joint wind and solar generation facility in Arizona.
  • National bank; $13 million tax equity investment in a multiple solar generation facilities in Massachusetts.
  • National bank; $34 million tax equity investment in a solar generation facility in Texas.
  • Global wind energy developer; $96 million tax equity financing for a wind generation facility in Texas.
  • Global wind energy developer; $430 million tax equity financing for a wind generation facility in Indiana.
  • Global wind energy developer; $336 million tax equity financing for a wind generation facility in Texas.
  • Global wind energy developer; Upper tier sale of 80% of cash equity interests in operating wind generation facilities.
  • Multiple leading domestic and global energy developers; Multi-project leveraged lease photovoltaic generation facilities in several western states.

Indicative Secondary Market Experience

Purchase/Sale of Tax Equity Interests

  • Global bank; $59 million sale of tax equity interests in a wind generation facility to original developer.
  • Global bank; $137 million sale of tax equity interests in a portfolio of wind generation facilities to a holding company jointly owned by tax equity investor and original developer.
  • Global bank; $25 million partial sale of tax equity in a construction-phase solar and wind generation facility.
  • Global bank; Purchase of several portfolios of LIHTC-generating properties from multiple originators, including acquisition of direct ownership of limited partner interests as well as acquisition of interests in multi-investor funds.
  • Global banks and national insurance company; Sale of remainder cash interest in multiple tax equity investments in wind generation facilities

Purchase/Sale of Cash Equity and Operating Interests

  • Global wind developer; $340 million sale of cash generating interests in a portfolio of wind generating facilities to a holding company jointly owned by developer and investor.
  • Global wind energy developer; $800 million joint venture for a wind generation facility in Texas.

Thought Leadership

Articles

  • "Federal Preemption of State Labor Laws in the Context of Workers Compensation for Undocumented Workers," 32 Hamline Journal of Public Law & Policy, 83, Fall 2010

Real Estate, Land Use, & Environmental Law Blog Posts 

Events