Adam O’Brian

Adam's practice focuses on capital markets transactions with an emphasis on public utilities and energy companies.

Adam is a member of the firm's energy and infrastructure team. He has experience representing issuers and underwriters on a range of securities transactions including debt and equity financings. Adam counsels clients on SEC registered public offerings, Rule 144A/Regulation S offerings and private placements. In addition to his traditional capital markets experience, Adam has represented the underwriters in several dedicated utility rate securitization transactions.

Relevant Experience

Dedicated Rate Securitization Transactions:

  • Company counsel to Duke Energy Florida, LLC, as sponsor, for the offering of nuclear asset-recovery bonds issued in connection with early retirement of the Crystal River 3 nuclear plant
  • Underwriters’ counsel for Consumers Energy Company for the issuance of securitization bonds
  • Underwriters’ counsel for the issuance of system restoration bonds by the Louisiana Local Government Environmental Facilities and Community Development Authority (Louisiana Utilities Restoration Corporation)
  • Underwriters’ counsel for issuances of rate reduction bonds by subsidiaries of American Electric Power Company, CenterPoint Energy Inc. and Entergy Corp.

Debt:

  • Initial Purchasers’ counsel for AEP Transmission Company, LLC’s inaugural issuance of debt securities
  • Initial Purchasers’ counsel for Oncor Electric Delivery Company LLC in multiple issuances of debt securities
  • Initial Purchasers’ counsel for Colonial Pipeline Company’s issuance of debt securities
  • Underwriters’ counsel for WEC Energy Group, Inc. in connection with the financing of its acquisition of Integrys Energy Group Inc.
  • Underwriters’ counsel for National Rural Utilities Cooperative Finance Corporation in multiple issuances of collateral trust bonds and subordinated debt securities
  • Underwriters’ counsel for CenterPoint Energy Houston Electric LLC, Public Service Company of Colorado, Southwestern Public Service Company in multiple first mortgage bonds issuances
  • Underwriters’ counsel for Xcel Energy Inc., American Electric Power Company and its subsidiaries and WEC Energy Group, Inc. and its subsidiaries, in multiple debt securities issuances
  • Lender’s counsel for ÖBB-Infrastruktur Aktiengesellschaft issuance of unsecured debt
  • Counsel for the project company of the I-595 managed lanes project in Florida in the refinancing of its original debt
  • Company and purchasers’ counsel for utilities for multiple private placements of debt securities
  • Dealer manager’s counsel in connection with multiple debt-for-debt exchange offers, including the first-ever corporate Dutch auction debt-for-debt exchange
  • Lenders’ counsel for several revolving credit agreements of a borrower

Equity:

  • Underwriters’ counsel for Chesapeake Utilities Corp. in a common stock offering
  • Underwriters’ counsel for Trade Street Residential, Inc. for its initial public offering of common stock
  • Company and underwriters’ counsel for several REITs issuances of common stock and preferred stock

Insights