EquiPower Resources to launch $610 million term loan C on Wednesday

By Sara Rosenberg

New York, April 29 - EquiPower Resources Holdings LLC scheduled a bank meeting at 10 a.m. ET on Wednesday to launch a new $610 million senior secured first-lien term loan C due December 2018, according to sources.

Barclays, Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. are the bookrunners on the deal.

Proceeds will be used to finance the acquisition of two power generation assets from Dominion, repay the existing second-lien term loan, repay existing working capital drawings and fund cash collateral accounts.

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

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