Research Update: Wolf Hollow I's Ratings Placed On Watch Positive After Exelon Corp. Announces Acquisition Jun 11
- ID: 1832024
- June 2011
- Standard & Poors
Exelon Corp. has agreed to purchase the Wolf Hollow I power generation facility for $305 million. We are placing our 'CCC+' and 'CCC' ratings on Wolf Hollow I's first-lien and second-lien debt on CreditWatch with positive implications and revising the second-lien recovery rating to '1' from '6'. We will resolve the CreditWatch listing after Exelon completes the acquisition. On June 20, 2011, Standard & Poor's Ratings Services placed its 'CCC+' rating on Wolf Hollow I L.P.'s $260 million senior secured bank facility and the 'CCC' rating on its $110 million second-lien term loan on CreditWatch with positive implications. At the same time, we revised the recovery rating on the second-lien debt to '1' from '6'. The rating actions reflect Exelon...
Companies mentioned in this report are: Wolf Hollow I L.P.,Exelon Corp.
Action: On CreditWatch:Positive
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Product Type: Research Update
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