By Lisa Kerner
Charlotte, N.C., Aug. 9 – CVSR Holdco LLC issued $200 million of 4.68% senior secured notes due 2037 to investors on July 15, according to a 10-Q filed with the Securities and Exchange Commission.
CVSR Holdco is the owner of the California Valley Solar Ranch project.
Net proceeds of $97.5 billion were distributed to NRG Yield Operating LLC based on its pro-rata ownership of the project and were used to repay outstanding borrowings under the company’s revolver.
The California Valley Solar Ranch is a 250 MW photovoltaic power plant. The project is 48.95% owned by NRG Yield, Inc., a Princeton, N.J.-based wholesale power generation company.
| Issuer: | CVSR Holdco LLC
|
| Issue: | Senior secured notes
|
| Amount: | $200 million
|
| Coupon: | 4.68%
|
| Maturity: | March 31, 2037
|
| Settlement: | July 15
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
