Gerry Stoltz is a partner in the Washington, D.C. office of the firm. His legal practice focuses on export, project and maritime finance. A large portion of his work involves financings guaranteed or insured by the Export-Import Bank of the United States ("Ex-Im Bank"), the Overseas Private Investment Corporation and the U.S. Maritime Administration ("MarAd"). These financings have been utilized for the construction of such diverse projects as steel and power plants in India, an aluminum factory and hospitals in Russia, hotels in Turkey and Brazil, a wireless transmission facility and mine in Mexico, a radar facility in Albania, a power project in Ghana, a bottling plant in Brazil, and housing projects in South Africa, India and various Latin American countries. Many of the transactions have involved the financing of large equipment, such as locomotives, airplanes and farm equipment. Some transactions have been extremely large, such as a multi-billion dollar foreign military sales financing of jet fighters or Ex-Im Bank guaranteed loans of hundreds of millions of dollars to a state-owned oil company. Others have been somewhat smaller, such as the documentation of numerous medium-term Ex-Im Bank guaranteed loans and dozens of transactions utilizing various Ex-Im Bank insurance products.
Several of the transactions in which Gerry represented the lender have won awards from the trade press. These include one of Trade Finance Magazine's "2003 Project Finance Deals of the Year" (Albanian radar financing) and the same magazine's "2010 Structured Trade Deals of the Year" (Trinidad and Tobago helicopter financing). He also represented the lender in one of Trade Finance Review's "Best Deals of 2011" (Chinese purchase of cotton picking equipment).
Gerry has represented clients in transactions that have been supported by European, Canadian and Asian export credit agencies and has worked on financings that have been based on currencies other than the U.S. dollar. He also represented four money center banks in their negotiations regarding the forms of the credit agreements to be used in Ex-Im Bank guaranteed transactions involving the China Export-Import Bank.
Gerry has broad experience in all forms of domestic and international credit or loan documentation, indentures, bonds, security and mortgage documents, leases, letters of credit, leveraged leases, construction contracts and guarantees. Many of these transactions have involved capital market funding. Some have involved the securitization of payment streams from U.S. government guaranteed notes.
Gerry has represented parties in connection with over 75 debt financings, refinancings or restructurings of vessels with bonds issued under the Title XI U.S. Government Guaranteed Ship Financing Program administered by MarAd. Such vessels have included tankers, container ships, barges, drilling rigs and barge-mounted power plants. He also has worked on numerous vessel transactions in which the financing, in the form of a loan or a lease, was provided by a bank, leasing company, capital market entity or other financial institution.
Gerry regularly counsels clients in their negotiations with government, export credit and multilateral credit agencies, as well as domestic and international financial institutions. His clients include banks, both domestic and international, and investment funds.