Gary R. Barnum
Experience
Gary Barnum is a partner of the firm. He has a broad corporate practice, with an
emphasis in finance. Gary also has extensive experience in structuring joint ventures,
tax-motivated transactions, partnerships, and mergers and acquisitions. Gary has
represented a wide range of companies, including energy companies, financial service
companies, manufacturers, retailers and other industry groups.
Transactions which Gary has handled include syndicated credit facilities, private
placements (including 144A offerings), public offerings, leveraged lease and project
financings, utility financings, asset-backed financings and securitizations, commercial
paper programs, and derivative arrangements. Gary also has structured numerous
joint ventures, partnerships (and limited liability companies), syndications, mergers
and acquisitions, In addition to his significant experience with non-recourse and other
project financing arrangements, he has also been involved with a wide variety of tax-
Partner
motivated transactions, including federal and state energy credit transactions, low-
Portland, OR
income housing credits and state tax credit programs, and industrial development and
(503) 294-9114 direct
pollution control projects.
(503) 220-2480 fax
Representative Work
gary.barnum@stoel.com
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In 2013, represented Ahern Rentals, Inc. in connection with the emergence from
bankruptcy, including a $420 million 144A secured note offering and a $350
million ABL credit facility. The total financing was recognized by M&A Advisor as
Education

J.D., 1981, honors
the “Restructuring Deal of 2013” in the $500 million to a $1 billion category.
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In 2013, represented NANA Development Corporation in connection with the
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refinancing of its debt, including a $275 million 144A secured note offering, a
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Admissions
In 2013, represented a manufacturing company in connection with the structuring
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Oregon
and financing of the acquisition of a majority interest in an international
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Washington
Zealand, the United Kingdom and the United States.
In 2013, represented a borrower in connection with a $60 million secured private
placement with a group of insurance companies.
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In 2013, represented a borrower in connection with a $45 million New Market Tax
Credit financing of Oregon timberland.
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In 2012, represented StanCorp Financial Group, Inc. in connection with a public
placement of $250 million of notes.
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University of Oregon, B.A., 1977, high
honors
$100 million secured term loan and a $125 million ABL credit facility.
manufacturer of aerial work platforms, with operations in Australia, New
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University of Washington Law School,
In 2012, represented Precision Castparts, Corp. in connection with a public
placement of $3 billion of notes.
Gary R. Barnum

In 2011, represented an NANA Development Corporation in connection with multi-level (senior and second lien) $435 million
secured term loan facility and an $85 million asset back loan facility to fund the acquisition of in its July 2011 acquisitio n of
Grand Isle Shipyard, Inc. from Huntsman Gay Global Capital.
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In 2011, represented a Northwest automobile dealer in connection with the secured financing of the acquisition of multiple
locations.
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In 2011, represented a borrower in connection with a $220 million 144A private placement of fixed rate n otes and a $75 million
144A private placement of delayed draw floating rate notes.
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In 2011, represented a developer in connection with a $40 million financing for a gas storage project.
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Represented one of the world's leading providers of computer memory and other advanced semiconductor products in the
structuring and financing of a 50/50 joint venture with Australia's largest integrated energy company, focusing on developing
solar photovoltaic technology and products.
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Represented equity investors in connection with investments in IRC §45-qualified wind projects throughout the United States.
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Represented developer in connection with the financing of a 10-megawatt geothermal electric-generation project.
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Represented a power generation company in separate transactions in connection with the purchase and sale of multiple power
projects located in California, Colorado, Maine, Michigan and Nevada.
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Represented a power generation company in an asset-backed private placement of notes, combined with a term loan facility,
involving the financing of multiple natural gas-fired combined cycle facilities.
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Represented a power generation company in the sale of its general partnership and carried interest in a 240-megawatt natural
gas-fired cogeneration power production facility (and had previously represented this company in connection with the original
construction financing, long-term financing, refinancing and syndication).
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Represented a power generation company in the sale of its general and limited partnership interest in a 25.3-megawatt wasteto-energy power production facility.
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Represented a power generation company in the development, construction and financing of several waste-to-energy power
production facilities.
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Represented a finance company in connection with the financing of several geothermal power production facilities.
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Represented a national syndicator in connection with multiple syndications to various institutional investors of investment funds
engaged in the acquisition, development and operation of federal tax-credit affordable housing projects throughout the United
States.
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Represented developers in the development, construction and financing of federal tax-credit affordable housing projects
throughout the United States.
Professional Honors and Activities
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Listed in Best Lawyers in America© (currently: Equipment Finance Law), 2007, 2009-2016
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Member, Business Section of the Oregon State Bar
Gary R. Barnum
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Member, Business Law Section of the American Bar Association