Western Generation to launch $235 million term B repricing on Tuesday

By Sara Rosenberg

New York, Dec. 11 – Western Generation Partners (WGP Acquisition LLC) is scheduled to hold a lender call at 10:30 a.m. ET on Tuesday to launch a repricing of its roughly $235 million term loan B, according to a market source.

MUFG is the lead on the deal.

Current pricing on the term loan B is Libor plus 400 basis points with a 1% Libor floor.

Harbert Management Corp., UBS Asset Management and Northwestern Mutual are the sponsors.

Western Generation is the owner of 12 power plants representing about 1,500 MW of contracted thermal power plants.

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