DOING BUSINESS WITH OPIC
Formerly an Assistant General Counsel at the Overseas Private Investment Corporation (OPIC), Ms. Nordgren represents project sponsors, private equity funds and borrowers seeking to do business with OPIC. Ms. Nordgren works closely with OPIC’s business and legal teams to facilitate the structuring, negotiation and closing of OPIC finance and political risk insurance transactions. Ms. Nordgren assists her clients in preparing loan and insurance applications, structuring transactions and security packages, negotiating business terms, finalizing documents, and managing transactions to reach financial close and disbursement.
Ms. Nordgren is uniquely positioned to provide legal advice and support where other attorneys and firms cannot. She has both specific experience with OPIC’s internal processes and procedures, as well as extensive in-country legal and business due diligence experience. Ms. Nordgren liaises with tax attorneys, works alongside clients’ in-house and external counsel, and manages local counsel, all to provide complete legal coverage for a particular transaction. As a project progresses, Ms. Nordgren maintains a close relationship with her client, whether to complete subsequent disbursements or, where necessary, to negotiate new terms, or to restructure project debt or equity.
Ms. Nordgren has closed dozens of finance and insurance transactions with OPIC and has mobilized over $5 billion of capital across over thirty emerging markets countries. While at OPIC, Ms. Nordgren helped develop and structure OPIC’s risk-sharing guaranty program with Citibank, closing fifteen framework transactions across nine world regions. Not until April of 2014 did OPIC and Citibank close a subsequent risk-sharing guaranty facility.
MS. NORDGREN HAS CLOSED THE FOLLOWING OPIC TRANSACTIONS:
CURRENT OPIC INITIATIVES:
ALIGNED CAPITAL. In 2015 OPIC implemented this program to match potential investors with innovative entrepreneurs seeking financing for projects. The database correlates developer and investor preferences by sector, geography and financial instrument, and alerts participating investors to opportunities that match their criteria.
GREEN GUARANTIES. These U.S. government guaranties adhere to the Green Bond Principles of 2014 and provide investors and institutional financial portfolios an opportunity to invest in several “green” sectors, including renewable energy, energy efficiency, sustainable waste management and clean water.
INNOVATIVE FINANCIAL INTERMEDIARY PROGRAM (IFIP). OPIC launched IFIP in November 2013 to support smaller-scale, financial intermediaries/vehicles, with a specific focus on innovation and developmental impact.
PORTFOLIO FOR IMPACT. This program provides financing to impact investing projects that offer significant potential for positive social impact but may face challenges obtaining financing because they are small or early stage.
POLITICAL RISK INSURANCE FOR SOCIAL IMPACT BONDS/SOCIAL DEVELOPMENT BONDS. This product allows investors to support private and public sector projects whose repayment is performance based. OPIC insurance for the bonds in emerging markets gives investors the confidence to tackle complex social problems in international development.
OPIC mobilizes private capital to help solve critical development challenges and, in doing so, advances U.S. foreign policy. OPIC helps U.S. businesses gain footholds in emerging markets, catalyzing revenues and creating job and growth opportunities at home and abroad. OPIC achieves its mission by providing investors with financing, guaranties, political risk insurance, and support for private equity investment funds. For more information, visit: www.opic.gov.