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Dev R. Sen

New York

t: 212.754.4260
f: 212.446.2350
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Area of Practice



Harvard Law School, LL.M., 1989

Inns of Court School of Law, and Gray's Inn, London, Bar-at-Law, 1988

University of Cambridge, B.A., with Honors, Law, 1987

Presidency College, Kolkata, B.A., First Class Honors, 1984


New York

Dev R. Sen is a partner in the Firm’s corporate group.  Mr. Sen was ranked as one of the 10 "Most Highly Rated Project Finance Lawyers" by Project Finance magazine. He has consistently been recognized by Euromoney’s Experts Guide (including in 2014) and IFLR 1000 (2008) as a leader in Project Finance.  Mr. Sen has also been selected as a New York Super Lawyer (including in 2014).  Mr. Sen has a broad corporate practice, with a particular focus on: 

  • bank and capital markets debt finance (including project finance (in the energy, oil and gas and infrastructure areas), secured and unsecured bank, and capital markets debt finance (including Rule 144A, public and institutional debt finance (such as representation of insurance companies in debt private placements));
  • joint ventures,  mezzanine financing transactions and mergers and acquisitions; and
  • private equity related matters. 

Mr. Sen also possesses considerable experience: 

  • in private and public equity (capital and private markets) and alternative investment transactions; and
  • with corporate reorganizations and restructurings.  Mr. Sen has expertise with investment management agreements and arrangements and securities lending transactions.  

Representative transactions:

  • AIG Investments on various matters, including secondary sales by various of its affiliates of private equity limited partnership investment interests; a sale of an affiliated company and sales of interests in affiliated companies; disposing of its interest in a marine port company; and internal restructuring of various affiliated entities.
  • National Rural Utilities Cooperative Finance Corporation, as lead lender and administrative agent, in various syndicated (secured and unsecured) financings, amounting to several billion dollars, for cooperative electric generation, distribution and transmission companies--syndicate members have included major United States, European, Canadian and Asian banking institutions
  • Noble Environmental Power, a wind energy company, on various matters including new wind project development joint ventures and debt and equity restructurings
  • A major private investment trust with over US$20 billion in assets in all of its alternative investments (such as it participation as a limited partner or other passive investor in numerous private equity, hedge and commodities funds) and other investment transactions (including the negotiation of over 50 separate account investment management arrangements)
  • Phoenix Park Gas Processors Limited, in connection with various US capital markets (Rule 144A/Regulation S and private placements) and bank financings of the operation and expansion of its natural gas processing facilities in Trinidad and Tobago and other financings by Phoenix Park
  • Royal Bank of Scotland, as lead arranger and lender, in a more than US$800 million (monoline insurance wrapped) secured project financing of a coal-fired power plant in the US
  • The lenders to Seminole Electric Cooperative in connection with the first-of-its kind and innovative $300 million senior secured debt financing
  • The lenders to Southern Illinois Power Cooperative in connection with its innovative $415 million senior secured debt financings and the borrower’s subsequent adoption of a Mortgage Indenture
  • The Prudential Insurance Company of America as lender to Prairie Power, Inc. in a senior secured debt private placement financing
  • Infrastructure Funds Management (IFM Investors) on various investment matters
  • Sumitomo Mitsui Banking Corporation in the secondary sales by it of various private equity limited partnership and other passive investment interests
  • Lloyds Banking Group in the secondary sales by it of various private equity limited partnership and other passive investment interests
  • Bloom Energy Corporation on various and innovative debt and equity financings
  • Vector Pipeline on various debt financings
  • the lenders to Vermont Gas Systems Inc. in a debt private placement
  • The lead arranger of a bond offering by the Government of Barbados
  • Autopista Central, a Chilean project company, in connection with its US and Chilean capital markets offering (with the benefit of insurance company guaranty) to finance the construction of its toll road in Santiago, Chile
  • International counsel to the lenders in a major iron ore handling port facility project financing in Brazil
  • The lenders in connection with Brazilian company Marlim’s Rule 144A/Regulation S capital markets non-recourse debt financing of the expansion of a deep-water oil field in the Campos Basin, Brazil
  • The Blackstone Group as lender, administrative agent and senior equity investor in connection with a US$500 million joint venture with USS Products Carriers, a wholly owned subsidiary of US Shipping Partners L.P., to provide debt and equity financing for the construction of five deep-water petroleum tankers qualified for the US coastwise trade
  • Poten & Partners in connection with its joint venture with Hess LNG for the proposed construction of a liquified natural gas terminal in the Northeast US
  • The US lenders in connection with a simultaneous US and Australian financing of the Spencer Street Railway Station Redevelopment Project in Melbourne, Australia
  • On-going representation of BNP Paribas in connection with the Quezon Power Plant project financing in the Philippines
  • The lenders to Transwestern Pipeline Company in connection with (i) the dual holding company and operating company acquisition financing of the CrossCountry Pipeline system out of Enron Corp.’s bankruptcy proceedings (this transaction was one of the largest US private placement financings), and (ii) subsequent private placement debt financings by TWP
  • The lenders to Portland Natural Gas Transmission System in connection with a financing of its natural gas pipeline
  • The lenders to Iroquois Gas Transmission System in connection with multiple financings of its natural gas pipeline (including a Rule 144A/Regulation S offering)
  • The lenders to Michigan Electric Transmission Company in connection with a dual holding company and operating company financing of its electric transmission line system
  • The lenders to Gas Transmission Northwest Corporation in connection with GTNC's debt financing
  • Hermiston Generating Company, a merchant power plant company, in connection with its equity and debt financings
  • The underwriters of Dynacare Inc.’s initial equity public offering
  • The underwriters of Quintiles Transnational Corp.’s initial equity public offering
  • Representation of the creditor committees in the Chapter 11 reorganizations of Worldtex, Inc. and Pioneer Companies, Inc.
  • Various project and corporate financings in India (including the representation of the initial purchasers and issuers in numerous Rule 144A/Regulation S American and Global Depositary Receipts offerings)

Mr. Sen has also advised Petrozuata and Sincor, two Venezuelan heavy oil projects, in connection with their groundbreaking international debt financings. Mr. Sen has also advised the Goldman Sachs Group in connection with its equity and debt initial public offerings and various other matters.

Mr. Sen started his legal career at Sullivan & Cromwell LLP and, prior to joining the firm, was a partner in O'Melveny & Myers LLP.

Selected Professional Awards and Associations

Member, Advisory Committee (and prior Director), Asian American Bar Association of New York

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