Borrower Strategies

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  • Exelon pulls trigger on competitive power spin-off

    Feb 24, 2021 - Richard Metcalf

    Exelon Corp has announced its intention to spin its competitive generation and retail power businesses off into a separate publicly-listed company following a strategic review.
  • Chilean gencos to add tranche to securitization

    Feb 19, 2021 - Carmen Arroyo

    A group of Chilean generation companies (gencos) affected by the country's 2019 power price freeze are preparing a private placement to securitize deferred receivables that will represent the second tranche of a bond issued ten days ago.
  • SoCalEd prices wildfire recovery ABS

    Feb 18, 2021 - Richard Metcalf

    Southern California Edison has priced its first securitization in more than 20 years, the proceeds of which it will use to finance upgrades and other costs associated with its wildfire prevention program.
  • Greenshoe for third Apollo energy SPAC used in full

    Feb 12, 2021 - Richard Metcalf

    The underwriters of the initial public offering for Apollo Global Management's third energy transition special purpose acquisition company (SPAC), Spartan Acquisition Corp III, have exercised their greenshoe option in full, bringing the total size of the deal to $552 million.
  • SoCalEd to issue first securitization in 20 years

    Feb 11, 2021 - Taryana Odayar

    Southern California Edison is marketing its first securitization in 20 years to finance upgrades and costs associated with its wildfire prevention program.
  • Apollo's third SPAC grows to $480m

    Feb 09, 2021 - Taryana Odayar

    Apollo Global Management has increased the size of the initial public offering for its third blank check company targeting the energy transition and sustainability to $480 million.
  • Genco securitization deal in Chile closes

    Feb 09, 2021 - Carmen Arroyo

    A group of Chilean power producers, which had been affected by a power price freeze implemented in 2019, have reached financial close on a receivables securitization deal in Chile
  • AES Gener completes capital hike

    Feb 09, 2021 - Carmen Arroyo

    AES Gener has closed a $306 million capital increase to finance the development of renewable energy projects in Chile and Colombia, concluding a process that began in April of last year.
  • Solarpack closes block trade deal

    Jan 21, 2021 - Carmen Arroyo

    Spanish solar developer Solarpack Corporación Tecnológica has closed the sale of 12.39% of the company’s shares through an accelerated bookbuild.
  • Enel approves LatAm reorganization

    Dec 22, 2020 - Carmen Arroyo

    Italy's Enel has approved the merger of Enel Green Power's renewable energy businesses in Central and South America – other than those in Chile – into its Chilean-listed subsidiary Enel Americas.
  • AES approves corporate reorganization in Brazil

    Dec 22, 2020 - Juliana Ennes

    AES Corp has approved a corporate reorganization of its Brazilian assets, which will include the creation of a holding company called AES Brasil Energia, and the merger of that company with AES Tietê.
  • Details emerge on Glenfarne's holdco refi

    Dec 14, 2020 - Carmen Arroyo

    Further details have emerged on Glenfarne Group's $1.76 billion deal to refinance its Latin American generation portfolio at the holdco level and fund its expansion in the region through its LatAm subsidiary Enfragen.
  • Sempra unveils new energy infrastructure platform

    Dec 02, 2020 - Carmen Arroyo

    Sempra Energy has announced plans to simplify its North American energy infrastructure subsidiaries by launching Sempra Infrastructure Partners a business platform that will combine Sempra LNG and Mexico's IEnova, and sell a non-controlling stake in the new entity in early 2021.
  • AES Gener set to launch downsized capital increase

    Dec 02, 2020 - Carmen Arroyo

    AES Gener is set to request permission from its board for a $300 million capital hike to finance the development of its 1.6 GW renewable energy pipeline in Chile and Colombia, having reassessed its need for equity earlier this year.
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  • Small Image

    Feb 19, 2021 - Richard Metcalf

    Is there any problem securitization can’t fix?

    Securitization exists in the public consciousness primarily as a shadowy corner of the capital markets in which out-of-control financial engineering causes global economic meltdowns. Could it be due a reappraisal?

  • Small Image

    Jan 29, 2021 - Richard Metcalf

    Paint it SPAC

    Recently, it seems that every day brings blank check company news, whether it’s an initial public offering or a merger. But could a privately held renewable energy project developer go public this way by the end of the year?

  • Small Image

    Jan 22, 2021 - Richard Metcalf

    Better late than never

    The years-long stampede of international capital into the US renewable energy sector has continued unabated in the first few weeks of 2021, as latecomers from around the world have finally got in on the action.

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