Overview
Michael Harrison is a partner and member of Chapman's Corporate Finance Department. He has experience across a broad range of domestic and cross-border corporate and infrastructure financing transactions, including debt private placements, commercial lending, and structured finance.
Michael acts regularly on transactions involving a range of industries and asset types, including transactions involving energy and utility companies, real estate investment trusts, mining and industrial engineering companies, gaming and hospitality companies, media companies, shipping companies, retailers, universities, hospitals and laboratory testing companies, airports, pipelines, water treatment facilities, transportation centers, wind farms, and commodities.
Michael has acted for debt investors and issuers on numerous project finance and infrastructure transactions. In recent years, Michael has acted for debt investors on public-private partnership financings related to electrical distribution networks, toll roads, a major railway station and transportation hub and a water desalination facility, and on secured financings related to LNG facilities, gas storage assets, marine ports, airports, and TV and radio transmission networks. In the social infrastructure space, Michael has significant experience on debt financings by universities and the operators of hospitals and medical centers.
Before joining Chapman in 2013, Michael practiced at a major international law firm in Chicago and in Sydney, Australia. Prior to becoming a lawyer, Michael was a fixed income portfolio analyst for a buy-side institutional investment management firm.
Representative Matters
Project Finance/Infrastructure/Public-Private Partnerships/Non-Utility Energy/Commodities
- Senior notes secured by a gas processing and underground gas storage facility and associated gas storage services agreements.
- Senior secured notes of an unincorporated joint venture participant to finance a portion of the costs associated with the construction of a new LNG processing train and related infrastructure.
- Senior notes secured by an economic interest in a percentage of LNG produced by a two-train LNG project.
- Senior notes secured by a portfolio of data centers.
- Senior notes of the owner of a multi-fuel cogeneration plant, secured by the plant and offtake agreements with an alumina refinery for the generated steam and electricity.
- Senior notes of a major Australian airport secured by all assets of the airport, including the right to operate, maintain and develop the airport pursuant to a long-term government lease.
- Senior notes secured by the right to operate a land titles registry pursuant to a 50-year concession.
- Senior notes and letter of credit facility provider secured by the rights under a 50-year university concession to operate and maintain parking garages and surface parking lots.
- Senior holdco notes secured indirectly by the right to design, build, finance, operate, and maintain a toll bridge and related assets pursuant to a 35-year concession agreement.
- Super holdco notes proposed to be secured by a utility system concession (bid stage representation).
- Holdco loans secured by equity in the holder of a long-term lease to operate a coal export terminal.
- Senior notes secured by the right to operate and maintain a desalination facility pursuant to a 30-year concession agreement.
- Senior notes secured by the right to manage, operate and develop a major container and general cargo terminal pursuant to a 50-year lease.
- Senior notes secured by rights under long-term TV and radio transmission services agreements.
- Senior notes secured by the right to operate and maintain a network of electrical distribution and transmission assets pursuant to a 99-year lease.
- Senior notes secured by the right to finance, design, construct, operate and maintain a toll road pursuant to a 35-year concession agreement.
- Senior notes secured indirectly by the right to operate and maintain a network of fuel stations and service stations on a European highway pursuant to a series of long-term concession agreements.
- Senior notes secured by the right to design, build and operate a railway and transportation hub pursuant to a 30-year concession agreement.
- Senior notes secured by the right to operate a portfolio of marine container terminals pursuant to long-term leases.
- Senior notes secured by the right to operate a coal export terminal pursuant to a 99-year lease.
- Senior notes secured by a wind farm supported by a long-term offtake agreement.
- Senior loans secured by uranium owned by an SPV, together with the associated storage agreements and forward sale agreements.
Real Estate
- Secured and unsecured notes issued by over 20 issuers in the property sector, including in relation to office, retail, logistics and senior housing portfolios in various jurisdictions.
Utilities
- Secured and unsecured notes issued by over 20 issuers in the utility sector in various jurisdictions.
Corporate/University/Other
- Secured and unsecured notes issued by a broad range of other issuers, including universities, equipment rental companies, building material companies, laboratory testing companies, logistics companies, software companies, hospital operators, waste management companies, media companies and gaming companies.
Practice Focus
Memberships
American College of Investment Counsel
Admitted
California
Illinois
Education
Indiana University Maurer School of Law, J.D., cum laude, 2002
- Notes & Comments Editor, Indiana Law Journal
DePauw University, B.A., Economics, 1997
Insights
Publications
Co-Author, "Financing Public-Private Partnerships in the U.S. Private Placement Market," ACIC Private Notes. May 2016
Presentations
Panelist, “Cross-Border Market Update,” ACIC Spring Forum, April 27, 2023
Panelist, "Examining Australia: Characteristics and Trends of the 2019 and 2020 Markets,” Private Placements Industry Forum Miami, January 21-24, 2020
Panelist, "Australia and Asia—Where the Sector Shifts?," Private Placements Industry Forum Miami, January 22–25, 2019
Panelist, “Atypical Borrowers,” Private Placements Global Forum London, November 2-3, 2017
Panelist, “Case Studies in Cross-Border Deals,” Private Placements Industry Forum Miami, January 30-31, 2017