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Paul Hastings Advised on the Financing of Chief Power Finance, LLC’s Acquisition of Coal-Fired Power Plants in Pennsylvania

December 31, 2014

New York, NY- Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and Barclays Bank PLC as lead arrangers on the financing for the acquisition of certain undivided ownership interests in the 1,711 MW Keystone and the 1,711 MW Conemaugh coal-fired generating facilities in Western Pennsylvania by the subsidiaries of Chief Power Finance, LLC., a company formed by ArcLight Energy Capital Partners Fund V, LP.

The financing consisted of a US$351 million term facility and $40 million revolving facility.

Leveraged Finance partner 

led the Paul Hastings team, which included of counsel , and associates  and . Energy Regulatory partner  and associate  and Real Estate partner  and associates  and , Environmental partner  and associate , and Tax partner  and associate  also advised on the deal. 

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit

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