Paul Hastings Represents Lead Arrangers on FREIF North American Power Credit Facilities
New York, NY (March 30, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Deutsche Bank Trust Company Americas, as administrative agent, and Deutsche Bank Securities Inc., Barclays Capital, Citigroup Global Markets Inc. and Macquarie Capital (USA) Inc., as joint lead arrangers, in connection with a $210,000,000 senior secured term loan facility and $33,000,000 senior secured pre-funded letter of credit facility for FREIF North American Power I LLC. The proceeds of the $210,000,000 term loan facility will be used to partially finance the acquisition of a portfolio of natural gas fired power generation plants from Arclight Capital Partners, LLC by affiliates of First Reserve Energy Infrastructure Advisors, L.L.C., and the pre-funded letter of credit facility will be used to cash collateralize letters of credit to be made available for working capital and general corporate purposes of the borrower.
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