Overview
A trusted provider with years of experience in power
Our longtime involvement in the Power sector includes investments of $20.3 billion since the Power group was established in 2004. Our current Power portfolio stands at $10.2 billion, with 97 project issuers, 34 utilities, and 26 electric cooperatives (as of 9.30.24).
We provide our partner companies with the security of a large capital provider, and the care and attention to detail of a small group. We’re able to focus on power, generation, and transmission assets as well as more traditional natural gas-fired generating assets.
Typical size, structure, uses, and benefits ▼
Typical size
- Senior debt: $10 million - $300+ million
- Subordinated debt: $10 million - $100+ million
- Preferred equity: $10 million - $50+ million
Typical uses
- Power Plant Construction
- Debt Refinancing
- Debt Diversification
- Expansion and Growth Capital
- Acquisitions
- Stock buyback / recapitalization
- Employee Stock Ownership Plan (ESOP)
Structural characteristics
- Fixed / floating rate
- Unsecured / secured
- Maturities of 3 to 30+ years
- Amortizing or bullet maturities
- Senior debt, alongside subordinated debt / equity (if needed), for a seamless solution with a single, relationship-oriented capital provider
- Focus on project finance (construction loan, term loan, subordinated debt), utilities, and electric cooperatives
- Emphasis on contracted assets and return on rate base
Issuer benefits
- Supportive, patient, relationship-oriented partner
- Deep pockets to provide follow-on capital to fund your future growth
- Understanding the complexities of your particular business
- Capacity to fund across your capital structure with senior debt, subordinated debt, and preferred equity
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