GWF Energy to launch $202.9 million credit facility on Monday

By Sara Rosenberg

New York, Nov. 1 - GWF Energy Holdings is set to hold a bank meeting on Monday to launch a $202.9 million credit facility, according to a market source.

Barclays is the left lead bank on the deal.

The facility consists of a $5 million revolver, a $173.5 million term loan and a $24.4 million letter-of-credit facility, the source said.

Proceeds will be used to help fund the acquisition three gas fired power plants in California from Harbert Power.

GWF is an affiliate of Highstar Capital.

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