Borrower Strategies

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  • Recurrent Finds Developer Debt

    Apr 02, 2019 - Shravan Bhat

    Canadian Solar subsidiary Recurrent Energy has secured a letter of credit facility to fund development work as it grows its North American solar portfolio.
  • NextEra Follows Up Senior Bond Issuance with Hybrids

    Apr 01, 2019 - Richard Metcalf

    Having raised $2.7 billion with a senior bond issuance last week, NextEra Energy returned to the capital markets today with a hybrid capital offering to refinance another chunk of its Gulf Power Co. acquisition debt.
  • Calpine Taps Morgan Stanley to Refi Term Loan

    Mar 28, 2019 - Shravan Bhat

    Morgan Stanley is left lead on a $950 million senior secured term loan B refinancing for Calpine Corp. that is expected to close next week.
  • NextEra Raises $2.7B with Four-tranche Bond Offering

    Mar 28, 2019 - Richard Metcalf

    NextEra Energy hit the corporate bond market on Thursday, raising $2.7 billion across four maturities to partly repay four separate loans signed on the last day of 2018 to fund its acquisition of Gulf Power Co.
  • Mortgage REIT Hires Boutique Bank for Capital Raise

    Mar 19, 2019 - Shravan Bhat

    Radiant REIT, a solar mortgage real estate investment trust, has hired a boutique investment bank to raise equity and debt as it zeroes in on what it sees as the underbanked mid-size solar sector.
  • Price Talk Emerges on New Fortress Term Loan

    Feb 22, 2019 - Richard Metcalf

    Following its initial public offering at the end of January, gas-to-power business New Fortress Energy is in the market with a term loan B to round-out its capital structure with additional debt.
  • Fresh from IPO, LNG Developer Looks to Add Debt

    Feb 19, 2019 - Richard Metcalf

    Following its initial public offering at the end of January, gas-to-power business New Fortress Energy is in the market with a term loan B to round-out its capital structure with additional debt.
  • Tri Global Pioneers Royalty Deal for Wind Project Pipeline

    Feb 12, 2019 - Shravan Bhat

    Tri Global Energy has secured an $30 million royalty-based investment to finance its 1.5 GW wind development pipeline, using a technique more commonly seen in upstream fossil energy, and potentially lighting up a new path to development capital for smaller sponsors.
  • DTE Returns with Second Corporate Green Bond

    Feb 11, 2019 - Richard Metcalf

    Michigan utility DTE Electric returned to the corporate bond market on Feb. 11 with its second ever green bond offering, a first-mortgage deal that was priced well inside initial price thoughts.
  • PG&E Cranks In Pricing on DIP Loans

    Feb 05, 2019 - Shravan Bhat

    Pacific Gas & Electric was able to tighten pricing on its $5.5 billion debtor-in-possession facilities in general syndication.
  • PG&E Preps DIP Facilities Ahead of Restructuring

    Jan 22, 2019 - Richard Metcalf

    Pacific Gas & Electric has signed debtor-in-possession commitment letters totaling $5.5 billion with a foursome of banks ahead of its planned filing for Chapter 11 bankruptcy protection later this month.
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    Apr 11, 2019 - Power Finance & Risk

    Platts Vegas 2019: Reporter’s Notebook

    Gusts of up to 46 mph in Las Vegas this week did not dampen the spirits of attendees of the S&P Global Platts 34th Annual Global Power Conference, but did put paid to plans for open air cigar parties. PFR editor Richard Metcalf and reporter Taryana Odayar were on hand to chronicle the action, inside and outside the conference hall.

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    Apr 08, 2019 - Power Finance & Risk

    Platts Vegas 2019 Preview

    As representatives of developers, banks, investment firms and service providers descend on Las Vegas for S&P Global Platts’ 34th Annual Global Power Markets Conference, PFR takes a look at what to expect.

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    Mar 15, 2019 - Power Finance & Risk

    China Aims to Launch Solar Plant into Space

    Known for undertaking ambitious infrastructure projects such as the world’s largest hydro project, the Three Gorges Dam, China has now embarked on a mission to develop the first utility-scale solar project in space by 2040.

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