CoBank: Inflation is Beginning to Loosen its Grip

According to a report from CoBank, the U.S. economy will progressively slow through the first half of 2023 as fears of a recession remain high. However, with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy.

January 23, 2023 CoBank | Dan Kowalski Ian Koplin

BNP Paribas-Led Syndicate Renews Credit Facility for Tenaska Marketing Ventures

Tenaska Marketing Ventures, the natural gas marketing affiliate of Tenaska, completed a renewal and increase of its committed borrowing base facility that provides up to $2 billion for a four-year term maturing in March 2026.

March 23, 2022 ACB | BNP Paribas | CoBank | Coöperatieve Rabobank | Industrial and Commercial Bank of China | ING Capital | John Obermiller | Mizuho Bank | MUFG Bank | Societe Generale | Sumitomo Mitsui Banking Corporation | Tenaska Marketing Ventures | Wells Fargo Bank Ian Koplin

MUFG Bank Agents $1.1B in Financing for Geysers Power Company

MUFG Bank acted as administrative agent and first lien collateral agent on a $1.1 billion Climate Bonds Certified financing for Geysers Power Company, which is a wholly-owned subsidiary of Calpine.

June 11, 2020 BNP Paribas | Calpine | Climate Bonds Initiative | CoBank | Credit Agricole | DZ Bank | Geysers Power Company | ING Capital | Mizuho Bank | MUFG Bank | National Bank of Canada | Natixis | Rabobank | Sumitomo Mitsui | SunTrust Robinson Humphrey Phil Neuffer

BofA Agents $500 Revolver for Suburban Propane Partners

Suburban Propane Partners refinanced the $500 million senior secured credit facility of its operating partnership, Suburban Propane.

March 6, 2020 Bank of America | Citibank | CoBank | People's United Bank | Suburban Propane Partners nadine

CIT Leads $140 Million Financing for esVolta

CIT Group’s Power and Energy business served as lead arranger for a $140 million financing for esVolta, a developer of utility-scale energy storage systems for renewable energy projects.

February 25, 2020 CIT | CoBank | esVolta | Keybank Capital Markets | Siemens Financial Services nadine

CoBank, Compeer Extend Pacific Ethanol Term Loan

Pacific Ethanol entered into long-term amendments to its senior secured notes and to its term loans with CoBank and Compeer Financial for its Pekin and Illinois Corn Processing plants.

December 24, 2019 CoBank | Compeer Financial | Pacific Ethanol nadine

CoBank Agents $70MM Facility for Southwest Iowa Renewable Energy

Southwest Iowa Renewable Energy expanded its credit facility to $70 million. CoBank served as administrative agent.

November 29, 2019 CoBank | Farm Credit Services of America | FLCA | Southwest Iowa Renewable Energy nadine

Rabobank Doubles Pipeline Foods Working Capital Line

Pipeline Foods completed the renewal and syndication of its operating line led by Rabobank, and including ING Capital and CoBank in the syndicate.

September 27, 2019 CoBank | ING Capital | Pipeline Foods | Rabobank nadine

KeyBank Agents $185MM Facility for GridLiance

GridLiance Western Holdings and transmission company GridLiance West closed on two new revolving credit facilities with commitments totaling $185 million.

August 2, 2019 CoBank | Gridlance | KeyBank | Keybank Capital Markets nadine

Rabobank Upsizes Dean Foods Revolver to $265MM

Dean Foods has successfully increased the company’s borrowing base availability to $265 million under its senior secured revolving credit facility. Rabobank served as administrative agent for the transaction.

July 1, 2019 BMO Harris | CoBank | Dean Foods | ING | PNC | Rabobank nadine