Panda Power Funds gets $360 million debt refinancing facility

By Marisa Wong

Morgantown, W.Va., June 3 – Panda Power Funds obtained a $360 million debt refinancing facility from Beal Bank, according to an announcement by CSG Investments, Inc., investment consultant to Beal Bank.

The senior loan refinances debt on Panda Power’s Sherman, Texas, power plant.

“The $360 million transaction, representing 100% senior secured debt, was facilitated and arranged by Jefferies LLC and closed May 20, with White & Case as lender counsel,” Jacob Cherner, president of CSG Investments, said in a press release.

Based in Dallas, Panda Power Funds specializes in private equity energy funds, power plant financing and power plant acquisitions.

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