Hull Street Closes 66M Hydro Portfolio Loan
Hull Street Energy recently closed a USD 66m senior debt financing that backs an 87 MW operating hydroelectric portfolio in New England.
Vantage Infrastructure was the sole term debt provider across fixed- and floating-rate tranches in a deal led by BNP Paribas, as sole placement agent.
BNP Paribas also led an ancillary credit facility and acted as interest-rate swap provider.
Baker Botts advised Hull Street Energy on the deal.
Milbank acted as legal counsel to the lenders.
The financing supports Hull Street’s Central Rivers Power NE, LLC, which owns 14 hydro assets located across New Hampshire, Massachusetts, and Vermont.
Proceeds will partially reimburse Hull Street Energy for the acquisition of the assets, which was completed in 2017.
This article was published by SparkSpread, an Inframation News affiliate.
About Hull Street Energy, LLC
Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it transitions to a more sustainable future. Headquartered in Bethesda, Maryland, the team leverages its decades of experience and unique knowledge of North American electricity infrastructure, fundamentals and grid operations, including fuel inputs, commodity contract structuring, renewable and fossil powered generation assets, energy storage, transmission and distribution systems, and electricity demand-side businesses to build value for stakeholders. For further information about Hull Street Energy please see www.hullstreetenergy.com.
MEDIA CONTACT:
Matthew Willis
240-800-3218
mwillis@hullstreetenergy.com