Ares Invests $1 Billion in Connection With FTAI Infrastructure’s Acquisition of Wheeling & Lake Erie Railway Company

Paul, Weiss advised funds managed by Ares Management in their $1 billion preferred equity investment in a newly formed railroad subsidiary of FTAI Infrastructure to support FTAI’s acquisition of The Wheeling Corporation, owner of the Wheeling & Lake Erie Railway Company.

The Paul, Weiss team was led by corporate partner Michael Vogel and included partners Thomas de la Bastide, Christodoulos Kaoutzanis, Kenneth Schneider, Timothy Cruickshank and Robert Zochowski, and counsel Bathiya Sheriffdeen, David Epstein and Lyudmila Bondarenko; tax partner Scott Sontag; restructuring partner Alice Eaton; and environmental counsel William O’Brien.