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Cube Hydro North America I places $140 million of 4.75% 10-year senior secured notes
By Lisa Kerner
Charlotte, N.C., Oct. 15 – Cube Hydro North America I, LLC issued $140 million of 4.75% senior secured notes due October 2025.
The private placement was launched on Sept. 15, according to a news release.
Proceeds will be used to optimize the company’s existing capital structure, fund business requirements and return capital to equity owners.
The notes received an investment-grade rating.
Barclays acted as placement agent.
The issuer is a subsidiary of Cube Hydro Partners, LLC.
Based in New York, Cube Hydro is a portfolio company of the ISQ Global Infrastructure Fund and its affiliated funds. Founded in January 2014, Cube Hydro develops, acquires and operates a platform of small to mid-sized hydropower plants located in North America, primarily in the United States.
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