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.