Chief Power Finance to launch $365 million credit facility on Dec. 2

By Sara Rosenberg

New York, Nov. 25 – Chief Power Finance LLC is scheduled to hold a bank meeting at 2:30 p.m. ET in New York on Dec. 2 to launch a $365 million senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc. and Barclays are the leads on the deal.

The facility consists of a $40 million revolver and a $325 million term loan B, the source said.

Proceeds will be used to fund Arclight Capital’s acquisition of Exelon Corp.’s interests in two fossil fuel power plants.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.