Homer City Generation to launch $150 million term loan B on Wednesday

By Sara Rosenberg

New York, Jan. 23 – Homer City Generation LP is scheduled to hold a lenders’ call at 2 p.m. ET on Wednesday to launch a $150 million senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to fund a cash collateralized letter of credit account or to directly collateralize obligations, to collateralize hedging obligations, to fund the debt service reserve account, to pay associated fees and expenses, and for general corporate purposes.

Homer City Generation is an Indiana, Pa.-based operator of coal-fired electric generating units.

© 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.