LS Power Completes Hudson Generation Holdings Financing

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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.

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company operates 7 transmission utilities, has built 780+ miles of high-voltage transmission with another 400+ miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $85 billion in debt and equity capital to support North American infrastructure. For information, please visit www.lspower.com.

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