Panda Power Funds and Moxie Energy are on track to reverse flex the $585 million financing package backing the $800 million, Moxie Patriot gas-fired project. The package, which includes a $385 million B loan and a one year $200 million delayed draw tranche, is anticipated to settle around LIBOR plus 575 basis points—down from the L+600-625 bps price talk, say deal watchers.

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