Partner Sarah Fitts Quoted on Refinancing for Power Grid Projects

News

Partner Sarah Fitts Quoted on Refinancing for Power Grid Projects

In The News |

Inframation News

Partner Sarah Fitts was quoted on considerations that private equity fund owners may make when deciding to refinance in power projects.

Sponsors and lenders that financed gas-fired power projects with commercial bank loans in 2011 are now exploring refinancing with term loan Bs and other considerations due to a borrower-friendly market and low power prices.

The type of owner may impact how a deal is refinanced. Sarah said that private equity fund owners would be expected to return capital to shareholders, which is a factor that will play into their refinancing decisions.

“Motivations will differ depending on where in the life cycle that fund is,” Sarah added.

Read the full article here. (Subscription required)