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Scott W. MacCormack

MacCormackScott
Partner
T206.757.8263
F206.757.7263
Scott MacCormack focuses his practice on business transactions, mergers and acquisitions, project development, and finance for medium to large enterprises.

Scott serves as principal outside counsel to several Northwest-based businesses.

He has significant experience representing borrowers in syndicated credit facilities, acting as project counsel for energy, infrastructure, and maritime projects, and in merger and acquisition transactions involving highly regulated industries.

His experience includes:
    • Debt and equity security offerings
    • Private equity investments
    • Borrower representation in large credit facilities
    • Acquisitions and mergers involving financial institutions, banks, airlines, utilities, maritime and fishing businesses, owners of energy facilities, and other regulated businesses
    • Structuring commercial and derivative transactions involving financial products and commodities
    • Providing general corporate and business advice to commercial ventures

Representative Experience

Outside legal counsel for American Seafoods

Outside legal counsel to American Seafoods, a large integrated commercial fishing company involved in operations in the Bering Sea/Alaska, Massachusetts and Alabama, providing counsel on matters of corporate governance, commercial finance, vessel acquisition and finance, and labor/employment. (Ongoing)

Outside legal counsel for Avista Corporation

Outside legal counsel to Avista, a large regulated electric and gas utility involved in the production, transmission, and distribution of energy and other energy-related businesses, including regulated electric and natural gas utilities in the Pacific Northwest. (Ongoing)

Merger and acquisition/aircraft transfers

Represented Alaska Air Group (Alaska Airlines and Virgin America) in connection with merger of Virgin America into Alaska Airlines and the transfer of the Virgin America fleet to Alaska Airlines. (2018)

Acquisition/energy regulatory

Regulatory counsel to Canadian pension plan investment manager in connection with the acquisition of additional ownership interests in Puget Sound Energy. (2018)

Disposition

Representation of sellers of a leading metal fabrication company. (2018)

Corporate and finance for Icicle Seafoods

Legal counsel to Icicle Seafoods in connection with corporate and finance matters. (2018)

Credit facilities for Darigold

Representation of Darigold, a Northwest-based dairy agricultural marketing cooperative, in connection with its term and revolving credit facilities. (2018)

Mergers and acquisitions for Avista Corporation-Hydro One

Corporate and regulatory counsel to Avista Corporation in connection with its impending acquisition by Hydro One. (2017-2018)

Growth stage equity investment for hydroelectric project developer

Represented developer of hydroelectric projects in its issuance of two new classes of LLC interests in exchange for $20 million of equity investment. (2017)

Minority interest buyout and refinancing for seafood business

Represented international seafood harvesting, processing, distribution and marketing company in its redemption of the minority interests of a joint venture partner and served as borrower’s counsel for a related amended and restated term and revolving loan agreement totaling $36 million. (2017)

Sale of energy services company

Represented U.S. Gas & Electric Inc., a leading U.S. energy retailer, in connection with its $172.5 million acquisition by Crius Energy Trust. At the time of its acquisition, USG&E served approximately 375,000 residential customers in 62 utility markets, including the District of Columbia and the following 11 states: Connecticut, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, and Pennsylvania. (2017)

Subordinated junior debt transaction for aquaculture company

Represented multinational aquaculture business in its issuance of $60 million of junior subordinated notes and in related amendments to its senior credit facility and senior subordinated debt facility. (2017)

Commercial financing for Avista Corporation

Representation of Avista Corporation in connection with a $70,000,000 bridge financing facility to fund operations of a regulated electric and natural gas utility. (2016)

Commercial financing for DNATA Aviation Services

Negotiation and documentation of an $80 million syndicated credit facility to fund the acquisition and operations of an aviation services company with operations at many U.S. airports. (2016)

Cooke Aquaculture acquisition of Icicle Seafoods

Represented Cooke Aquaculture - a New Brunswick, Canada family-owned business - in its acquisition of Icicle Seafoods, a 50-plus-year-old seafood company with operations in Alaska and Washington. (2016)

Private equity investment

Investor representation in preferred equity investment in a developer of software and technology products for management of electrical grid and generation facilities. (2016)

Private equity investment

Representation of an investor/lender to regional technology incubator. (2016)

Senior Note Offering for HomeStreet Bank

Representation of HomeStreet, Inc., parent of HomeStreet Bank, in the offering of $65,000,000 of Senior Notes. (2016)

Commercial financing for Alaska Electric Light and Power

Negotiation and documentation of a $65.7 million revenue bond refunding for the Snettisham Hydroelectric Project. (2015)

Commercial financing for FFP New Hydro

Negotiation and documentation of a $13.5 million term loan credit facility and private equity investment in developer of small-scale hydroelectric projects throughout the U.S. (2015)

Commercial financing for Modern Machinery

Negotiation and documentation (on the borrower side) of a $95 million syndicated revolving credit facility to fund industrial equipment sales and a leasing company with domestic and foreign operations. (2015)

Energy contracts for Clark Public Utilities

Representing and counseling regarding compliance with Dodd-Frank legislation and regulations, review of physical and financial energy transactions, assistance with compliance reporting and contract amendments related to Dodd-Frank legislation and regulation. (2015)

Private equity investment

Investor representation in the purchase of convertible debentures issued by algae-based biofuel, biochemical, and ingredients company. (2015)

Professional & Community Activities

  • Executive Committee, Business Law Section, Washington State Bar Association
  • Chair, Legal Opinions Committee, Washington State Bar Association
  • UCC Committee, Washington State Bar Association
  • Association Advisory Board, Working Group on Legal Opinions
  • Executive Editor, Washington State Bar Deskbook on Partnership Law
  • Editor, Washington State Bar Deskbook on UCC Revised Article 9
  • Management Committee, Pocock Rowing Center

Professional Recognition

  • Selected by Best Lawyers as Seattle's "Lawyer of the Year" in Energy Law, 2015, 2019
  • Named as one of the "Best Lawyers in America" by Best Lawyers, 2013-present