Photo of Benjamin A. Huffman

Benjamin A. Huffman

Associate
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 an associate in the Finance and Bankruptcy Practice Group in the Chicago office.

Areas of Practice

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

Mr. Huffman 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, Mr. Huffman has particular experience with tax credit monetization transactions and renewable energy production facilities.

Experience

Indicative Enterprise-Level Financing Representation:

Asset-Based Lending

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

Cash Flow Based Lending

  • Regional bank; $25M 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; $725M revolving and term facility to support acquisitions by a publicly listed financial products company.
  • Private equity fund; acquisition financing for a $2.2B leveraged buyout of a publicly listed retailer.
  • Private equity fund medical device portfolio company; $131M acquisition financing in the form of senior secured term and revolving credit agreement and subordinated notes.
  • Global bank; $105M leveraged loan to finance acquisition of a multi-national computer hardware manufacturer.
  • Global bank; $120M 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; $490M term-convertible construction debt and tax equity financing for a wind generation facility in Illinois.
  • Domestic wind energy developer; $568M term-convertible construction debt and tax equity financing for a wind generation facility in Michigan.
  • Domestic wind energy developer; $650M term-convertible construction debt and tax equity financing for a wind generation facility in Nebraska.
  • Domestic wind energy developer; $96M term loan refinancing for a wind generation facility in West Virginia.
  • Domestic wind energy developer; $106M term loan refinancing for a wind generation facility in Illinois.

Tax and Cash Equity Investments

  • National bank; $84M tax equity investment in a joint wind and solar generation facility in Arizona.
  • National bank; $13M tax equity investment in a multiple solar generation facilities in Massachusetts.
  • National bank; $34M tax equity investment in a solar generation facility in Texas
  • Global wind energy developer; $96M tax equity financing for a wind generation facility in Texas.
  • Global wind energy developer; $430M tax equity financing for a wind generation facility in Indiana.
  • Global wind energy developer; $336M 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; $59M sale of tax equity interests in a wind generation facility to original developer.
  • Global bank; $137M 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; $25M 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; $340M 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; $800M 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 J. PUB. L. & POL'Y 83, Fall 2010.

Events