edisonmission

Edison Mission Energy, a unit of Edison Mission Group, closed a $255 million debt refinancing for its Viento II wind energy portfolio, which includes three wind projects in three states. The transaction increased the overall financing by approximately $85 million and on improved pricing, terms and conditions.

The wind projects are the Wildorado project in Texas with a gross generating capacity of 161 MW, the San Juan Mesa project in New Mexico with a gross generating capacity of 120 MW and the Elkhorn Ridge project in Nebraska with a gross generating capacity of 81 MW.

The refinancing package consists of a $227 million term loan facility and ancillary credit facilities of $28 million for debt service reserve, working capital and project letter of credit requirements. The refinancing has a tenor of 10 years. The original financing for the portfolio was closed in 2009.

Read more news and features on the business of power generation.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...