Lightstone allocates $79 million term loan B, $4.47 million term C

By Sara Rosenberg

New York, Aug. 31 – Lightstone Holdco LLC priced and allocated a fungible $79,049,888.58 incremental term loan B and a fungible $4,470,965.29 incremental term loan C, according to a market source.

Jefferies LLC is the lead arranger on the deal.

Proceeds will be used to repay a portion of the company’s existing non-extended term loan B and term loan C debt.

Pro forma for the transaction, the extended term loan B totals $1,635,076,823.44 and the extended term loan C totals $92,477,950.98.

Lightstone, a 50/50 joint venture owned by affiliates of Blackstone Group LP and ArcLight Capital Partners LLC, consists of a 5.3 GW portfolio of four generation facilities located in the PJM Interconnection market.

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