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LS Power Closes Financing for LSP Madison Funding, LLC

LS Power Closes Financing for LSP Madison Funding, LLC

LSP Madison Funding, LLC closed on a $750 million senior-secured term loan B supported by a 3.6 GW portfolio of power generation assets. These assets comprise both intermediate- and peak-dispatch thermal-fired facilities located throughout the U.S., as well as base load hydroelectric facilities. Proceeds will be used to pay down existing project-level financing and finance the acquisition of certain of the facilities.

About LS Power:

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, in addition to its development of more than 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired in total more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. LS Power actively invests in distributed energy resource platforms, such as CPower Energy Management, Endurant Energy and EVgo, as well as Waste-to-Renewable Generation and Fuel initiatives. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $48 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.