MRP GOLDEN FINANCE, LLC

Middle River Power (MRP) Gas-Fired Portfolio - Refinancing

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

Deal Overview

Avenue Capital has closed a $714 million refinancing for its Middle River Power fossil-fired portfolio. The lead arranger of the refinancing was CIT, now a subsidiary of First Citizens Bank.The portfolio comprises: High Desert, an 830MW, 19-year old combined-cycle plant located in San Bernardino...

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Deal Volume
$773.7m
Financial Close
13/05/2022
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

High Desert Combined-Cycle Plant Project
$142.8m
Greenfield
Gas-fired combined cycle
North America
North America
United States
Tracy Combined-Cycle Plant Project
$142.8m
Greenfield
Gas-fired combined cycle
North America
North America
United States
Hanford Peaker Plant Project
$142.8m
Greenfield
Gas-fired simple cycle
North America
North America
United States