Loader
 

LS Power Completes Hudson Generation Holdings Financing

LS Power Completes Hudson Generation Holdings Financing

LS Power Equity Advisors closed on its Hudson Generation Holdings financing, which consists of a $285 million, seven-year secured Term Loan Facility and a $5 million Revolving Facility.

The cost efficient financing benefits from stable cash flows from ten underlying power generation facilities. These include three natural gas-fired combustion turbine facilities (University Park North Energy Center, University Park South Energy Center, and Wallingford Energy Center) originally acquired from PPL Corporation and TPF Generation Holdings, as well as seven run-of-river hydroelectric facilities originally acquired from FirstEnergy Corporation.

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 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 Primary Renewable Fuels. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $47 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.