Nachrichten July 09, 2014

Shearman & Sterling Advises on $1.2 Billion Financing for LS Power Calpine Energy Asset Acquisition

Shearman & Sterling advised BNP Paribas as syndication coordinator in connection with the $1.2 billion financing for LS Power’s asset acquisition of approximately 2,430 MW of generation resources in the Southeastern United States, through its affiliate NATGEN Southeast Power, LLC, from Calpine Corporation.

The financings included three separate credit facilities: a $737 million facility for Oneta Power LLC with BNP Paribas as administrative agent, a $306 million facility for Decatur Energy Center, LLC with Union Bank, N.A., as administrative agent, and a $180 million facility for Carville Energy, LLC with ING Capital LLC as administrative agent.