Matthew C. Brown

Primary Focus & Experience

Mr. Brown represents sponsors, lenders, export credit agencies, and governments on all aspects of energy and infrastructure development and finance matters world-wide. He has a significant focus on energy transition matters (including battery gigafactories, battery storage, hydrogen and other green industrial projects) as well as oil and gas, LNG, and conventional and renewable power matters. His experience also includes advising on global shipping matters – including vessel (including LNG, LPG, FSRU, FPSO and cruise ship) financings and related development matters.

Mr. Brown's experience includes advising:

• GM Holdings in the US$980 million concurrent bank and bond project finance transaction for a portfolio of existing and new-build conventional and renewable electricity generation assets in Chile, awarded Americas Power Deal of the Year at Project Finance International (PFI) Awards 2021.
• The export credit agencies and commercial bank lenders in the US$1.6 billion financing arrangements for Northvolt’s first gigafactory project in Sweden, awarded Project Finance Deal of the Year at IFLR's Europe Awards 2021 and Europe Industrial Deal of the Year by Project Finance International.
• The sponsor in connection with the development and financing of a hydrogen and green-steel manufacturing facility in Europe.
• The sponsors in connection with the financing of the development and construction of a gas-fired power generation facility and related LNG regasification and import terminal in Chile incorporating an FSRU.
• Qatar Gas Transport Company (Nakilat) and its subsidiary, Nakilat Inc., in connection with a US$6.8 billion program financing in respect of Nakilat Inc.’s acquisition and construction of 25 LNG tankers. The first phase of the financing included US$4.3 billion of senior and subordinated debt funded by commercial banks, the Export-Import Bank of Korea, a tranche supported by the Korea Export Insurance Corporation, and the issuance of senior and subordinated capital markets debt. The deal was named Middle East LNG Deal of the Year by Project Finance magazine. The US$1.5 billion second phase of the transaction consisted of senior and subordinated commercial bank debt as well as a tranche of senior debt supported by the Korea Export Insurance Corporation. The US$940 million third phase of the transaction consisted of senior and subordinated commercial bank debt. The almost US$1 billion fourth phase of the transaction consisted of senior and subordinated commercial bank debt.
• Maran Nakilat Co. Ltd. on multiple financing arrangements for its fleet of LNG vessels – including a US$662.44 million Shari’ah compliant refinancing of three existing facilities and the acquisition and financing of two new vessels; a US$669 million refinancing of two existing facilities and the acquisition and financing of two new vessels and a US$807.44 million Shari’ah compliant refinancing of an existing facility and the acquisition and financing of one new vessel.
• Nakilat Holdco L.L.C. (a joint venture between Teekay LNG Partners L.P. and Qatar Gas Transport Company Limited) on the refinancing of an existing US$450 million finance facility.
• Eight export credit agencies from Japan, Australia, Korea, France, Germany, and the Netherlands, and a syndicate of 33 commercial lenders, on a US$20 billion project financing of the Ichthys liquefied natural gas (LNG) project in Australia sponsored by Inpex Corporation and TotalEnergies. This transaction was named Global Deal of the Year by Project Finance magazine, Asia-Pacific Deal of the Year by Project Finance International (PFI), Project Finance Deal of the Year by Asia-MENA Counsel, and Trade Finance Deal of the Year by Trade Finance.
• The sponsors in connection with the refinancing of 8 LNG vessel acquisition facilities.
• The export credit agencies and commercial banks on the project financing of the PNG LNG project in Papua New Guinea.
• DnB NOR Bank ASA and Crédit Agricole Corporate & Investment Bank as lead arrangers and agents in connection with the US$1.8 billion financing of four ultra deep-water drill ships to be owned by subsidiaries of Pacific Drilling Limited.

Recognition & Accomplishments

Mr. Brown received his Bachelor of Laws and his Bachelor of Commerce from the University of Adelaide. Prior to joining Milbank in 2022, he was a partner in the London office of a leading US law firm.