CHICAGO (Oct. 21, 2015) – On Monday, Invenergy Clean Power LLC (“Invenergy”) successfullyclosed a $540 million term loan financing by its wholly-owned subsidiary, Invenergy ThermalOperating I LLC which owns 3,159 MW of natural gas fired generation plants in operation.
The financing was rated Ba3 by Moody’s and B+ by Standard and Poor’s. Proceeds from thetransaction were used for refinancing debt associated with the operating project. Morgan Stanleyacted as Sole Lead Arranger and Sole Bookrunner for the transaction. Latham & Watkins servedas transaction counsel for the lenders and Crowell & Moring represented Invenergy.
“We are pleased to have completed this important financing milestone,” said Jim Murphy,President of Invenergy’s Operating Business Group. “We believe the favorable external ratingson this portfolio underscores the strong operating history and the diversity of our natural gasportfolio of projects.”
About Invenergy
Invenergy and its affiliated companies develop, own, and operate large-scale renewable and otherclean energy generation and storage facilities in the Americas, and Europe. Invenergy iscommitted to continued innovation in clean power solutions. Invenergy's home office is located inChicago and it has regional development offices in the United States, Canada, Mexico, Japan,and Europe.
Invenergy and its affiliated companies have developed more than 9,100 MW of projects that arein operation, in construction, or under contract, including 76 wind, solar, and natural gas-fueledpower generation projects and energy storage facilities. For more information, please visitwww.invenergyllc.com.
Contact: Mary Ryan, Senior Manager, Public Relations312-582-1424 or mryan@invenergyllc.com