AL Sandersville gets $98 million credit facility led by GE Capital

By Sara Rosenberg

New York, July 12 - AL Sandersville Holdings LLC closed on a $98 million senior secured credit facility, according to a news release.

GE Capital Markets acted as the lead arranger on the deal, and Siemens Financial Services Inc. joined as a lender.

The facility consists of a $78 million term loan and a $20 million letter-of-credit facility.

Proceeds were used to help fund the acquisition of a 640-megawatt generation facility located in Sandersville, Ga., from KGen Power Corp. for $130 million.

AL Sandersville, a wholly owned affiliate of ArcLight Capital Partners LLC, is a plant that supplies power into the southeastern power market, particularly Georgia.

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