Raven Power Finance to launch $350 million term loan B on Tuesday

By Sara Rosenberg

New York, Nov. 27 - Raven Power Finance LLC is scheduled to hold a bank meeting on Tuesday to launch a $350 million term loan B, according to a market source.

Deutsche Bank Securities Inc. and Morgan Stanley Senior Funding Inc. are the lead banks on the deal.

Proceeds will be used to refinance existing debt, to fund a distribution to shareholders and for general corporate purposes.

Raven Power is an Austin, Texas-based power company.

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