Moody’s rates Oregon Clean Energy loans Ba3

Moody's Investors Service said it assigned a Ba3 rating to Oregon Clean Energy, LLC's $500 million senior secured term loan and $50 million senior secured revolving credit facility maturing in February 2026 and February 2024, respectively.

The outlook is stable.

Proceeds from the secured term loan will be used to refinance an existing construction loan and make an equity distribution of about $62.7 million.

The Ba3 rating factors in the completion of a new, highly efficient and competitive combined cycle gas turbine power plant, Moody’s said.

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