LS Power Closes Financing for LSP Madison Funding, LLC
New York, NY, June 1, 2012 -- 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:
Founded in 1990, LS Power is an employee-owned, independent power company with offices in New York, New Jersey, Missouri and California. LS Power is a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.