Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Lightstone HoldCo LLC > News item |
Lightstone allocates $79 million term loan B, $4.47 million term C
By Sara Rosenberg
New York, Aug. 31 – Lightstone Holdco LLC priced and allocated a fungible $79,049,888.58 incremental term loan B and a fungible $4,470,965.29 incremental term loan C, according to a market source.
Jefferies LLC is the lead arranger on the deal.
Proceeds will be used to repay a portion of the company’s existing non-extended term loan B and term loan C debt.
Pro forma for the transaction, the extended term loan B totals $1,635,076,823.44 and the extended term loan C totals $92,477,950.98.
Lightstone, a 50/50 joint venture owned by affiliates of Blackstone Group LP and ArcLight Capital Partners LLC, consists of a 5.3 GW portfolio of four generation facilities located in the PJM Interconnection market.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.