Attorneys at Pullman & Comley, LLC recently closed debt and equity transactions valued at more than $1.3 billion representing White Rock Holding Associates, LLC and its wholly-owned subsidiary, Kleen Energy Systems, LLC, in the construction and long-term financing of Kleen’s 620 megawatt dual fuel-fired electric generation project in Middletown, Connecticut.
In connection with this transaction, White Rock conveyed a 90 percent controlling interest in Kleen Energy which then simultaneously closed a $985 million bank financing involving a syndicate of more than 20 financial institutions, arranged by Goldman Sachs Credit Partners. The debt has been rated investment grade by Fitch Ratings, Inc., and the transaction is expected be the largest project-financed deal of the current year to achieve such a rating.
Pullman & Comley attorneys Lee Hoffman, Andrew Glassman, Fred Klein, John Kindl, Morris Banks and D. Robert Morris all assisted in this matter. For more information, please contact Lee Hoffman at 860-424-4315 or firstname.lastname@example.org.