CSG Investments closed a $360 million debt refinancing facility for Panda Power Funds with funding provided by Beal Bank.

“Beal Bank was the lender for a senior loan that refinances debt on Panda Power Funds’ Sherman, TX, power plant. The $360 million transaction, representing 100% senior secured debt, was facilitated and arranged by Jefferies and closed with White & Case as lender counsel,” said Jacob Cherner, president of CSG Investments, investment consultant to Beal Bank. “We were pleased to be able to meet Panda Power Funds’ requirements because the transaction further affirms our commitment to the energy and power sector. We expect refinancing needs in the sector to continue, and we expect to be an active player for the foreseeable future.”

Dallas-based CSG Investments, an affiliate of Beal Bank and Beal Bank USA, is a global buy-and-hold institution that provides capital solutions for all types of commercial and industrial customers.

Dallas-based Panda Power Funds is a private equity firm that develops, owns, operates and manages investments in clean energy.