Borrower Strategies

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  • Entergy Sub Sells FMB to Fund Louisiana Gas-fired Pair

    Aug 09, 2018 - Richard Metcalf

    Entergy Corp.’s regulated utility subsidiary in Louisiana priced a $600 million first mortgage bond on Aug. 8, listing construction of two gas-fired plants totaling more than 1.9 GW among the uses of proceeds.
  • Wheelabrator Seeks Approval for IPO

    Aug 03, 2018 - Shravan Bhat

    Energy Capital Partners' waste-to-energy portfolio company Wheelabrator Technologies has sought approval to float 49% of its shares on either the New York Stock Exchange or Nasdaq.
  • Fuel Cell Co. Floats Stock

    Jul 25, 2018 - Shravan Bhat

    Shares in California-based fuel cell maker Bloom Energy, which began trading on the New York Stock Exchange today, attracted strong demand in the secondary market, gaining in value by more than 50% by midday.
  • Faro Energy Brings Green Bonds to Brazilian Solar

    Jul 12, 2018 - Michael Turner

    Faro Energy has printed Brazil’s first certified green bond for solar energy, as the financial product continues to break ground among Latin America’s solar companies.
  • Avangrid Adds to Green Revolver Momentum

    Jul 03, 2018 - Richard Metcalf

    The sustainability-linked loan pricing trend is gathering pace in the U.S., with renewables developer and utility holding company Avangrid becoming the latest corporation to agree to make the margin on its revolving credit facility dependent on environmental metrics.
  • Goldman, Mosaic Price Co-sponsored Solar ABS

    Jun 26, 2018 - Max Adams

    Mosaic and Goldman Sachs priced a co-sponsored solar loan securitization on Monday, a $317.52 million deal dubbed Mosaic Solar Loan Trust 2018-2-GS.
  • Northland Extends Credit Limit with Loan Package Refi

    Jun 26, 2018 - Shravan Bhat

    Northland Power refinanced a C$700 million credit facility signed in 2014 in a deal announced June 22.
  • Goldman, Mosaic Ready Co-sponsored Solar ABS

    Jun 18, 2018 - Max Adams

    Goldman Sachs and residential solar finance firm Mosaic are preparing to jointly issue a new solar loan securitization.
  • Vivint Reveals Details of ABS Private Placement

    Jun 12, 2018 - Richard Metcalf

    Credit Suisse was sole arranger on a privately placed solar securitization that Vivint issued alongside its public market debut last week.
  • TerraForm Eschews Public Offering in Favor of Brookfield Backstop

    Jun 12, 2018 - Shravan Bhat

    TerraForm Power has foregone a planned public equity offering to fund its acquisition of Saeta Yield, instead using a backstop provided by its sponsor to place 61 million shares privately with Brookfield Renewable Partners and its institutional partners for $650 million.
  • Michigan Utility Adds Sustainability Metric to Revolver Pricing

    Jun 11, 2018 - Richard Metcalf

    The margins paid by Michigan utility company CMS Energy on two revolving credit facilities will, for the first time, be linked to its sustainability goals as a result of amendments signed on June 5.
  • Vivint Prices Debut Securitization

    Jun 06, 2018 - Fotios Tsarouhis

    Vivint has priced its first asset-backed securitization, a $466 million offering backed by a multi-state portfolio of residential solar assets, with the vast majority of the cash flows coming from power purchase agreements.
  • Resi Solar Lender Raises Growth Equity

    Jun 06, 2018 - Richard Metcalf

    Residential solar lender Sunlight Financial has raised $50 million of equity from growth investor FTV Capital to fund enhancements to its technology platform and its product suite.
  • Brazilian Generator Lines Up Bond Offering with Parent Guarantee

    May 30, 2018 - Michael Turner

    Brazil’s CPFL Geração de Energia has received board approval to raise R$1.4 billion ($375 million) in the debt market.
  • Vivint Readies Maiden ABS Deal

    May 24, 2018 - Fotios Tsarouhis

    Vivint is preparing to issue its debut asset-backed securitization, a $355 million offering that will be the year’s first ABS deal to be backed by power purchase agreements and leases.
  • TerraForm Power Snips Away at Corporate Loan Coupon

    May 14, 2018 - Shravan Bhat

    TerraForm Power has repriced its corporate term loan B, dramatically reducing its borrowing costs in a hot market as it proceeds with its acquisition of Spanish yield company Saeta Yield.
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    Aug 03, 2018 - Shravan Bhat

    Michael Cohen, Nuclear Lobbyist?

    As President Donald Trump's grand infrastructure plan hit the buffers earlier this year, his former attorney, Michael Cohen, was allegedly doing his own bit for the cause by seeking government funds for a mothballed nuclear project in Alabama, according to an Aug. 2 report in the Wall Street Journal.

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    Jul 20, 2018 - Shravan Bhat

    #PowerTweets July 20, 2018: ERCOT, Plutonium Theft, Wildfires

    The #PowerTweets feature tracks trends in project finance and M&A in the Americas on Twitter. For more news and coverage.

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    Jul 13, 2018 - Power Finance & Risk

    Generators in Irish Sea?—British Plans for N. Ireland Power in Worst-case Brexit Scenario

    British bureaucrats have drawn up radical contingency plans to keep the lights on in Northern Ireland—which relies on a shared energy market with the Irish republic—in the case of a “no-deal Brexit”, the Financial Times reported last week.

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