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Article: Terra-Gen Power Executes $240 MM Refinancing of Holdco Debt Facilities for 831 MW Renewable Generation Portfolio.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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)
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NEW YORK, Nov. 3 /PRNewswire/ -- Terra-Gen Power, LLC (Terra-Gen), a wholly-owned affiliate of ArcLight Capital Partners (ArcLight), announced today that its subsidiary Terra-Gen Finance Company, LLC (Terra-Gen Finance) has closed a $240 MM debt facility for its portfolio of 831 MW of renewable generating assets.
The corporate debt facilities are composed of a $215 million, 2.5-year senior secured term loan and a $25 million, 2.5-year senior secured working capital facility. The term loan was used to refinance an existing corporate credit facility and to pay transaction fees and expenses. The working capital facility will be used to support the issuance of ...
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Article: United States: Terra-Gen Power secures $115M ...
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... ... Edison utility. New York-based Terra-Gen Power said today it has closed $115 ... Prudential Capital Group, and CIT. Terra-Gen Power, an affiliate of Boston energy ... Highwind Power, an affiliate of Terra-Gen Power and the Boston-based ArcLight ...
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