In the News

TDJ signed advisory agreement for Desalination Project in Kingdom Saudi Arabia.

TDJ is negotiating a cooperation agreement with SANBAN Group-a prominent investment group in Abu Dhabi.

Texas SH 288 Toll Lanes PPP Project Reaches Financial Close

TaylorDeJongh acted as financial advisor to TIFIA on a USD 357 million loan to the Blueridge Transportation Group, LLC (“BTG”), a special purpose vehicle set up by ACS Infrastructure Development Inc., Shikun & Binui Concessions USA, Inc., Infrared Capital Partners, Northleaf Capital Partners, Clal Insurance Group, and Star America Fund GP, for the SH 288 Toll Lanes PPP Project. The TIFIA loan reached financial close on April 28, 2016. This proposed toll lanes roadway, a USD 1,036.5 million project, will include four managed (tolled) lanes, 10.3 miles in length, within the existing median of SH 288, from US 59 to the Harris County line and a two‐lane two‐way connector up to 1.3 miles in length from SH 288 to Holcombe Boulevard. The project is a collaborative effort between BTG and the Texas Department of Transportation (“TxDOT”).

BTG will be responsible for the construction, financing, operations, and maintenance of the Project roadways. The tolled lanes will be constructed by Almeda-Genoa Contractors, a fully integrated construction joint venture between Dragados USA, Pulice Construction, and Shikun & Binui America. TaylorDeJongh supported TIFIA during the financing process through to financial close, including negotiations with the BTG, the borrower.

TaylorDeJongh CEO, Mr. Fadi Hallak, said: “TaylorDeJongh was very pleased to act as Financial Advisor to TIFIA on this transaction. By utilizing a Public-Private Partnership agreement to deliver a much needed project in a heavily congested area, TxDOT and BTG have developed a project that will benefit the state and the residents of the metro region of Houston. The growing use of PPPs in delivering improvements to the nation’s infrastructure is something TDJ is very proud to be a part of.”

Young Leaders of Tomorrow

November 2014
TaylorDeJongh’s Celine Rottier was among the Young Leaders of Tomorrow interviewed at the Oil & Money conference.

Banda Gas-to-Power Project in Mauritania

October 2014
TaylorDeJongh is advising the Société de Production d’Electricité à Partir du Gaz (SPEG), the developer of a 310 MW gas-fired power plant in the Islamic Republic of Mauritania, which will monetize the indigenous gas resources from the Banda field off-shore the coast of Mauritania. TDJ is advising on all aspect of the transaction, including the structuring of the credit support package through the use of various World Bank Group Guarantees.

The World Bank Group has produced a video focused on the Banda Gas-to-Power project in Mauritania, discussing how it will bring sustainable energy, growth, jobs, and business to the region.

Islamic Finance Roundtable

September 2014
Group President Ibrahim Mardam-Bey recently participated in the Corporate LiveWire Virtual Round Table, Islamic Finance 2014. He was one of 7 experts discussing the changes and developments in Islamic Finance, and shared his thoughts on topics including the markets and sectors that are producing the best results, and the main benefits and challenges for Islamic Banking.

North American Natural Gas Industry Shift

July 2014
Ramesh Raman, Managing Director of TaylorDeJongh, discusses the fundamental shift in the natural gas industry in North America driven by technology advances and the implications for the development of projects in subsectors such as methanol, nitrogen based fertilizer, DME, and gas to liquids.

North American Transport Deal of the Year: TDJ Advisor to TIFIA

12 May 2014
For a PDF of the full press release

Infrastructure Investor magazine has named the Texas North Tarrant Express Segments 3A and 3B project as the North American Transport Deal of the Year. TaylorDeJongh (TDJ) was the financial advisor to US Department of Transportation TIFIA program, as a core lender to the transaction.

The project involves the reconstruction of general lanes and the addition of managed toll lanes to double the capacity of  I-35W north of Fort Worth, Texas. The financing package of the project included two senior debt tranches consisting of tax-exempt, fixed-rate Private Activity Bonds (PABs) issued through Texas Department of Transportation, and subordinated debt from TIFIA (Transportation Infrastructure Finance and Innovation Act).

The North Tarrant Express project was selected for this award because it “showed the public and private sides in the US working in harmony, on both project delivery and financing.” The dual delivery method, where responsibility for the construction was split between the private concessionaire and the public sponsor, requires a creative project structuring solution and careful balancing of risk allocation between the two key parties, matched by an appropriate mix of public and private funds.

The judges for Infrastructure Investor commented that the project was impressive in that it presented new concepts and investors, and that the structure is different and complex.

TaylorDeJongh CEO Terry Newendorp commented: “We are very pleased to have advised the TIFIA program on the financing of NTE. Working closely with and on behalf of TIFIA, TaylorDeJongh contributed in-depth understanding of the interrelationship between private and public sources of capital and the structuring of innovative complex transactions.”

TDJ Appointed by Sonde Resources

March 28, 2014
TaylorDeJongh has been selected as a strategic and financial advisory to Sonde Resources Corp., to assist in the marketing of the Joint Oil Block.  The selection was made public in this press release issued by Sonde Resources and available through The Wall Street Journal.

Islamic Banks, Stuffed With Cash, Explore Partnerships in West

December 25, 2013
“Middle Eastern banks, in search of diversified investment opportunities, are seeking companies abroad that can do business in ways compliant with Islamic law.” The New York Times article examines the spread of Islamic financing in the West, focusing on Continental Rail Corporation’s rail car project, for which TDJ is the financial advisor.

Uganda Shortlists 6 Bidders for Refinery

December 16, 2013
The Ugandan government has shortlisted 6 bidders for the building of a $2.5 billion oil refinery. TDJ is advising the Government on this project. The Wall Street Journal and Reuters included articles naming the shortlisted firms.

Oil & Gas Industry Outlook for 2014

November 2013
TDJ CEO Terry Newendorp shared his thoughts on the future of the oil & gas industry with Proactive Investors at the Oil Council’s World Assembly in London. His interview is available online.

Infranews Article Discusses TDJ’s Recent Mandates

May 10, 2013
Infranews discusses the three recent TIFIA advisory mandates—two in Texas and one in Georgia—that have been awarded to TaylorDeJongh.

TDJ Contributes to IFC Mining Infrastructure Report

April 2013
TaylorDeJongh contributed to the IFC’s report, “Fostering the Development of Greenfield Mining-Related Transport Infrastructure through Project Financing.”

The State of Project Financing in the Near East

April 2013
The April issue of Chadbourne & Parke LLP’s Project Finance Newswire includes an article summarizing the thoughts of CEO Terry Newendorp and the other panelists at an emerging markets conference hosted by Chadbourne in January. “The State of Project Financing in the Near East” begins on page 48 of the issue.

Ibrahim Mardam-Bey Interviewed by Islamic Finance News

January 30, 2013
Group President Ibrahim Mardam-Bey was interview by Islamic Finance News for cover story of the January 30, 2013 issue, “Wall Street Banks: Where is the money?

An Interview with Sirine Tajer

December 2012
Sirine Tajer, Managing Director of MENA Energy Partners, TDJ’s representative office in the GCC, is profiled in the Meet the Members section of the December issue of Driller and Dealers. Click here to read the profile.

Anything but Ordinary

October/November 2012
The October/November 2012 issue of EMEA Finance includes an article profiling TaylorDeJongh. Both Chairman and CEO Terry Newendorp and Group President Ibrahim Mardam-Bey were interviewed for the article, which discusses how the firm is evolving to address its clients’ needs given ongoing tight credit markets. Click here to read the full article.