EquiPower to launch $685 million first-lien loan repricing on Tuesday

By Sara Rosenberg

New York, Oct. 15 - EquiPower Resources Holdings will hold a call on Tuesday afternoon to launch a repricing of its roughly $685 million first-lien term loan, according to a market source.

Current pricing on the loan is Libor plus 500 basis points with a 1.5% Libor floor.

Existing lenders will get paid down at 101 as a result of call protection.

Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. and Morgan Stanley Senior Funding Inc. are leading the deal.

EquiPower is a Hartford, Conn.-based competitive power generation company that is owned by Energy Capital Partners LLC.

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