Borrower Strategies

  • IEnova bond offering closes

    Sep 15, 2020 - Richard Metcalf

    Sempra Energy subsidiary IEnova has raised $800 million in the bond market with a 31-year offering that was priced on September 10.
  • Mexico's IEnova plans bond offering

    Sep 09, 2020 - Carmen Arroyo

    Sempra Energy's Mexican subsidiary IEnova is preparing to issue up to $800 million in bonds as investors keep an eye on the country's sovereign credit rating.
  • Peruvian transmission firm preps bond tap

    Sep 08, 2020 - Carmen Arroyo

    Peru’s second-largest transmission company, Consorcio Transmantaro (CTM), is planning to offer an additional $200 million of bonds under an existing series.
  • NJR funds solar with second green private placement

    Sep 03, 2020 - Shravan Bhat

    New Jersey Resources tapped the private placement market with a green offering this week to raise funds for its latest portfolio of small utility-scale solar plants.
  • Brookfield, Hannon feed green bond investors

    Aug 21, 2020 - Shravan Bhat

    Brookfield Renewable Partners and Hannon Armstrong Sustainable Infrastructure Capital both recently offered green bonds to debt investors in a range of tenors and currencies.
  • Hedgies float energy transition SPAC

    Aug 20, 2020 - Shravan Bhat

    Hedge funds Magentar Capital and Triangle Peak Partners have launched a $350 million special purpose acquisition company (SPAC) called Star Peak Energy Transition, eyeing companies focused on energy efficiency and reducing carbon emissions.
  • Ituango lawsuit sparks governance crisis at EPM

    Aug 19, 2020 - Carmen Arroyo

    Internal turmoil at Colombia's Empresas Públicas de Medellín over a proposed lawsuit against the construction companies in charge of its 2.4 GW Ituango hydro project could spell financial problems for the municipally-owned company.
  • Enel increases stake in LatAm subsidiary

    Aug 18, 2020 - Carmen Arroyo

    Italy’s Enel has increased its stake in its subsidiary Enel Americas, listed in the Chilean stock market, by 2.7%.
  • AES Panama bond offering well received

    Aug 12, 2020 - Oliver West, Juliana Ennes

    AES Panama Generation Holdings received more than $5 billion of orders on August 11 for a $1.38 billion bond that has been hailed as the largest international capital markets deal by a private sector issuer in Central America and the Caribbean.
  • Grupo Ortiz requests IDB receivables loan

    Aug 06, 2020 - Carmen Arroyo

    Spain's Ortiz Construcciones y Proyectos has requested an up-to-$20 million credit line from development finance institution IDB Invest to pay its suppliers in Panama, Colombia, and Mexico.
  • AES eyes bond to consolidate Panamanian opco debt

    Aug 04, 2020 - Oliver West

    AES Corp is preparing a bond issue that will consolidate the debt of its Panamanian operating subsidiaries into one special purpose vehicle.
  • New Fortress Energy plans term loan refi

    Aug 04, 2020 - Shravan Bhat

    Fresh from a credit ratings boost, LNG terminal and gas-to-power project developer New Fortress Energy is looking to refinance its $800 million corporate term loan.
  • Longview emerges from Chapter 11

    Aug 03, 2020 - Shravan Bhat

    Longview Power – the owner of a 700 MW coal-fired plant in West Virginia – emerged from its most recent prepackaged Chapter 11 restructuring on July 31.
  • Crescent Dunes restructuring deal reached with DOE

    Jul 31, 2020 - Shravan Bhat

    Tonopah Solar Energy, the company that owns the troubled 110 MW Crescent Dunes concentrated solar project in Nye County, Nevada, has filed for Chapter 11 protection after reaching an agreement with its main creditor, the US Department of Energy.
  • Delay for Enel hydro project in Chile

    Jul 28, 2020 - Carmen Arroyo

    Enel Chile has pushed back the commercial operations date for its 150 MW Los Cóndores hydro project as it prepares to pull the plug on its coal-fired assets.
  • California CCGT, carbon capture project caught up in restructuring

    Jul 24, 2020 - Shravan Bhat, Taryana Odayar

    Fluor was recently awarded a front-end engineering and design contract for a carbon capture project at the Elk Hills combined-cycle gas-fired plant in California, which is embroiled in oil and gas exploration company California Resources Corp’s (CRC) Chapter 11 restructuring process.
  • Developers avail of PPP loans

    Jul 21, 2020 - Shravan Bhat

    Several renewable energy and thermal power project developers made use of federal Paycheck Protection Program funding earlier this year, according to data released by the US Department of the Treasury on July 6.
  • EIG commits $100M to Modern Energy

    Jul 16, 2020 - Taryana Odayar

    EIG Global Energy Partners has provided Modern Energy with a $100 million debt commitment to fund the development of clean energy assets.
  • Restructuring at California CCGT

    Jul 16, 2020 - Shravan Bhat

    A Chapter 11 restructuring at oil and gas company California Resources Corp (CRC) means that the ownership structure of the 500 MW Elk Hills combined cycled gas-fired plant in Bakersfield, California – co-owned by Ares Management – is also set to change.
  • Brazilian transmission JV issues debentures

    Jul 15, 2020 - Juliana Ennes

    Brilhante Transmissora de Energia, a Brazilian transmission joint venture between Cobra Group and Celeo Redes, has raised R200 million ($37.4 million) in debentures.
  • Cox's LatAm subsidiary goes public

    Jul 09, 2020 - Carmen Arroyo

    Cox Energy America, a subsidiary of Spanish renewable energy developer Cox Energy, has debuted on Mexico’s Bolsa Institucional de Valores stock market.
  • Colombia's EPM preps bond issuance

    Jul 07, 2020 - Carmen Arroyo

    Colombian utility Empresa Pública de Medellín is preparing a dollar-denominated corporate bond issuance – its first in 2020 and its sixth in international markets.
  • Enel increases stake in Chilean subsidiary

    Jul 07, 2020 - Carmen Arroyo

    Italy's Enel has increased its stake in Chilean subsidiary Enel Chile by 3% as part of an effort to buy out minority shareholders in its South American businesses.
  • Peruvian gas pipeline company lines up financing

    Jun 30, 2020 - Carmen Arroyo

    Gas Natural de Lima y Callao, also known as Cálidda, is working on an up-to-$100 million loan to fund the expansion of its gas distribution system in Lima and Peru's constitutional province of Callao.
  • Details emerge on Northland’s EBSA financing

    Jun 29, 2020 - Carmen Arroyo

    Details have emerged on the non-recourse holdco debt package arranged by Northland Power to finance its acquisition of Colombian distribution utility Empresa de Energía de Boyacá.
  • Northland arranges holdco financing for Colombian utility

    Jun 25, 2020 - Carmen Arroyo

    Canada's Northland Power has signed an agreement for a C$465 million ($340.7 million) non-recourse holdco debt package to finance its acquisition of Colombian distribution utility Empresa de Energía de Boyacá (EBSA).
  • PG&E prices high yield bonds, term loan B

    Jun 23, 2020 - Richard Metcalf

    Pacific Gas & Electric priced two tranches of high yield bonds and a term loan B last week, capping the initial financing for its exit from Chapter 11
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Latest Community

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    Aug 20, 2020 - Richard Metcalf, Taryana Odayar

    The Buzz: Spotlight on grid reliability amid California blackouts

    As power market and policy experts quarrel over the reasons for California's first rolling blackouts in 19 years, renewable energy project developers and financiers spy opportunities.

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    Aug 07, 2020 - Shravan Bhat

    The Buzz: Damned if you DOE…

    Whenever a Department of Energy loan goes bad – as it did in the case of the Crescent Dunes concentrated solar project in Nevada – questions are raised about the program. But how bad is the US government at picking winners, really?

  • Jul 31, 2020 - Taryana Odayar

    The dark side of solar

    A recent development testifies to solar's lasting appeal, albeit with a controversial twist. Afghan opium poppy growers are among those that have caught on to the increasingly affordable technology, though presumably not with ESG criteria in mind.

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