LS Power Completes Hudson Generation Holdings Financing
New York, NY, April 14, 2014 -- 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:
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. Since inception, LS Power has developed, constructed, managed or acquired more than 28,000 MW of competitive power generation and 470 miles of transmission infrastructure, for which it has raised over $27 billion in debt and equity financing.