- Language: English
- 96 Pages
- Published: March 2012
- Region: United Kingdom
EquiPower Resources Holdings LLC May 11
- Published: May 2011
- Standard & Poors
The 'BB-' rating on EquiPower Resources Holdings LLC's $425 million term loan and $100 million revolver reflects a volatile cash flow generation profile, exposure to commodity and operational risk, and dependence on merchant revenues to repay debt. EquiPower was created to invest in a diversified portfolio of power assets using proven combined-cycle gas turbine (CCGT) technologies. EquiPower owns four facilities in New England totaling 1,792 megawatts (MW): Dighton (168 MW), Lake Road (812 MW), MassPower (264 MW), and Milford (548 MW). The project is owned by EquiPower Resources HoldCo LLC, which is owned by EquiPower Resources Corp., which is owned by unrated private equity fund Energy Capital Partners II LP and its parallel funds. The secured term loan matures in...
Companies mentioned in this report are: Equipower Resources Holdings LLC
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Equipower Resources Holdings LLC