Texas MicroGrid LLC

Texas MicroGrid - Upsizing

Borrower(s)
Texas MicroGrid LLC
Industry
Power/Gas-fired simple cycle
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

A $130 mn 7-years senior secured term loan facility and a $8.2 mn debt service reserve Letter of Credit for the financing of Texas Microgrid, LLC. The financing is devoted to an operating portfolio of quick-response, natural gas distributed generation assets providing backup power and...

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Deal Volume
$138.2m
Financial Close
05/04/2023
Dealmakers
Jennifer Wnek

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Sources
Submitted by participant(s)

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Tranches

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Project Deals

232MW Texas MicroGrid Portfolio of Natural Gas Fired Power Generators
$213.2m
Greenfield
Gas-fired simple cycle
North America
North America
United States