ATN International completed a $300 million debt financing that includes extending and expanding its senior secured credit facilities, consisting of a five-year $170 million revolving line of credit and a six-year $130 million term loan.
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.
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.
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.
Suburban Propane Partners refinanced the $500 million senior secured credit facility of its operating partnership, Suburban Propane.
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.
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.
Pipeline Foods completed the renewal and syndication of its operating line led by Rabobank, and including ING Capital and CoBank in the syndicate.
GridLiance Western Holdings and transmission company GridLiance West closed on two new revolving credit facilities with commitments totaling $185 million.