AES Shady Point amends loan to increase size, extend maturity

By Sara Rosenberg

New York, Dec. 13 - AES Shady Point LLC, a subsidiary of AES Corp., amended its credit facility, increasing the size by $7 million to $143.5 million and extending the maturity date by more than six years to Dec. 1, 2014, according to a company news release.

"We are encouraged by the success of this transaction and the bank market's continued support of AES and its subsidiaries," said Mark Woodruff, vice president for AES' North America West, in the release.

"This transaction greatly improves Shady Point's financial flexibility and will help us realize our long-term value," Shady Point plant manager Pete Norgeot said in the release.

AES Shady Point is a Poteau, Okla., coal-fired circulating fluidized bed facility.

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