Power generation
Helping power generation companies stay ahead of the curve
The power industry is dynamic and ever-changing. We’ve been helping companies manage through change by providing capital and structuring complex transactions across the risk spectrum in the power sector since 2004.
Power generation
Helping power generation companies stay ahead of the curve
The power industry is dynamic and ever-changing. We’ve been helping companies manage through change by providing capital and structuring complex transactions across the risk spectrum in the power sector since 2004.
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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