|
|
Article: Siemens Financial Services, Inc. Provides $42.5 Million Holdco Loan for Hobbs Power Funding, LLC.
- Article from:
- Energy Weekly News
- Article date:
- February 27, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Siemens Financial Services, Inc. (SFS Inc.) announced it has funded and underwritten a $42.5 million senior term loan for Hobbs Power Funding, LLC (Hobbs). Hobbs is the holding company that indirectly owns a power plant in New Mexico sponsored by ArcLight Capital Partners, LLC (ArcLight), a leading energy investment firm.
"SFS Inc. is pleased to be the sole capital provider in this holdco financing structure. We are proud to continue offering financing in the current unstable market and support our customers when they need us," said Roland Chalons-Browne, President and CEO of SFS Inc.
Located in Hobbs, NM, the Hobbs generating station is a 604 MW ...