LS Power Completes a Refinancing of the Seneca Pumped Storage Generating Station
New York, NY July 23, 2015 --
LS Power Equity Advisors, through a private fund it manages, announced today it has completed a refinancing of the Seneca Pumped Storage Generating Station, a 508 MW hydroelectric facility located in Warren, Pennsylvania.
The new financing comprises of a $375 million, seven-year secured term loan facility and a $15 million working capital facility.
About LS Power:
Founded in 1990, LS Power is an employee-owned, independent power company with offices in New York, New Jersey, Missouri, California and Texas. 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 30,000 MW of competitive power generation and 470 miles of transmission infrastructure, for which it has raised over $29 billion in debt and equity financing. For more information, please visit www.LSPower.com.