Frontera Generation to launch $710 million credit facilities Friday

By Sara Rosenberg

New York, April 11 – Frontera Generation Holdings LLC is set to hold a lender presentation at 10 a.m. ET on Friday to launch $710 million of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc. and MUFG are the leads on the deal.

The facilities consist of a $35 million revolver and a $675 million term loan B, the source said.

Proceeds will be used to refinance the existing Lonestar Generation LLC credit facilities.

Frontera is a 526 MW combined cycle gas turbine power generation facility located in Mission, Texas. The plant holds a presidential permit and export authorization from the U.S. Department of Energy permitting the export of 100% of the plant’s generation into Mexico on its own dedicated transmission line.

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