CHICAGO, Illinois - (September 3, 2013) – Today, Invenergy LLC (“Invenergy”)announced the successful refinancing of the St. Clair Energy Centre (“St. Clair”), a 584MW combined cycle, natural gas-fired energy generation facility in Ontario, Canada.
St. Clair Energy Centre is located near the town of Sarnia, approximately seventy milesnortheast of Detroit, Michigan. St. Clair is jointly owned by affiliates of Invenergy andStark Investments. The facility is operated and maintained by Invenergy ServicesCanada ULC, an affiliate of Invenergy.
Royal Bank of Canada (RBC) and Union Bank served as Joint Book Runners for thetransaction, with RBC acting as the Administrative Agent. Natixis, Bayern LB, andSumitomo Mitsui Banking Corporation, in addition to RBC and Union Bank, were JointLead Arrangers for the financing. Royal Bank of Scotland, Siemens Financial Ltd., NordLB, Helaba, and Mizuho Bank also were lenders to the transaction.
"We thank these participating banks for recommitting to the financing of this project.Their support underscores the confidence by our broad-based lender group in the St.Clair project and in our operating and asset management capabilities,” said Jim Murphy,Chief Financial Officer and Chief Operating Officer of Invenergy.
About Invenergy
Invenergy and its affiliated companies develop, own and operate large-scale renewableand other clean energy generation facilities. North America’s largest independent windpower generation company, Invenergy is committed to clean power alternatives andcontinued innovation in electricity generation. The company’s home office is located inChicago and it has regional development offices throughout the United States and inCanada and Europe.
Invenergy has developed more than 7,100 MW of clean energy projects that are inoperation, in construction, or under contract, including 58 wind, solar, and natural gaspower facilities. This includes 2,275 MW of natural gas fired facilities in Canada and theUnited States, with an additional 584 MW generation facility under construction inIllinois. For more information, please visit www.invenergyllc.com.
Contact: Alissa KrinskyDirector of Communications, Invenergy312-582-1554 or akrinsky@invenergyllc.com