Patriot Hydro Funding

334MW LS Power Run-of-river Hydro Portfolio - Acquisition Financing

Borrower(s)
Patriot Hydro Funding
Industry
Renewables/Small hydro
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

LS Power Equity Partners IV, L.P. acquired 42 operating run-of-river hydro facilities, across 11 states, totaling 334 MW from Hull Street Energy. The $390 MM total credit facilities include a $350  MM Term Loan, a $20 MM Letter of Credit Facility, and a $20 MM Revolving Credit Facility.

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Deal Volume
$390m
Financial Close
10/03/2023
Dealmakers
Sources
Submitted by participant(s)

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Project Deals

334MW LS Power Run-of-river Hydro Portfolio
$390m
Greenfield
Small hydro
North America
North America
United States