Companies Mull Secret IPOs to Boost Sale Valuations
DOW JONES - PRIVATE EQUITY NEWS & THE WALL STREET JOURNAL PRO PRIVATE EQUITY [COVER/FRONT-PAGE STORY], OCT. 23, 2017
Companies have found a way to barter for higher prices from investors by using secret stock market filings to...READ MORE.
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Freeport LNG set to refinance up to $8B in shorter-term debt
S&P GLOBAL [THEN SNL FINANCIAL]. DEC. 15, 2015
Freeport LNG is in the process of issuing a long-term bond to refinance up to $8 billion in short-term debt, according to a source close to the deal. Goldman Sachs is an underwriter and joint lead arranger on the impending bond issuance. Other underwriters will most likely include...
First Reserve Mulls Petrobras' Pipeline Deal
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. AUG. 17, 2015 EDITION [COVER STORY].
First Reserve is considering bidding for an interest in Brazilian oil bellwether Petrobras’ gas pipe line operating subsidiary Transportadora Associada de Gás, according to two sources close to the situation.
WindSail Pulls the Plug on Skystream
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. AUG. 17, 2015 EDITION [This story catalyzed my transition to S&P GLOBAL].
WindSail Capital is selling its majority stake in New York-based renewables trading firm Skystream Markets. The Boston, Mass.-based private equity firm is seeking bids on an ‘as-is, where-is basis’ through a closed process, according to a confidential sales memorandum. READ MORE.
After Brexit impact on rates, midstream issuers could stalk bond market
- S&P GLOBAL. AUG. 12, 2016
U.S. and Canadian pipeline companies may tap the debt market in the coming weeks as they seek to cash in on low interest rates post Brexit. Just weeks after the United Kingdom voted to exit the European Union, Sunoco Logistics Partners LP rolled out...READ MORE.
Term Loan B Deal for Invenergy Falters
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. AUG. 17, 2015 EDITION [COVER STORY].
Invenergy is struggling to clinch a $607 term loan B pack- age backing a 2 GW gas-fired portfolio in the U.S. and Can- ada, according to people close to the situation, who blame the difficulties on overly aggressive terms.
IRS may miss deadline to finalize proposed MLP regulations
S&P GLOBAL. JAN. 13, 2016
The IRS will probably not be finalizing its proposed regulations for aspiring master limited partnerships anytime soon, according to an official with the agency. READ MORE.
Investors steer clear of high-yield ETF that shuns oil, gas debt
S&P GLOBAL. AUG. 26, 2016
An exchange-traded fund aimed at appealing to concerned high-yield investors by shielding them from oil and gas bonds has struggled out of the gate, registering no new money more than two months after its launch.
Sugar subsidies face more opposition on Capitol Hill
NEWSWEEK/INTERNATIONAL BUSINESS TIMES. JULY 5, 2012
Government subsidies for sugar farmers are facing fresh opposition, despite the farmers' successful efforts to defeat a recent bid to eliminate the subsidies that opponents argue endanger public health, reduce employment and...
Enthusiasm about Permian expected to springboard upstream IPOs
S&P GLOBAL. SEPT. 14, 2016
A handful of upstream companies are contemplating initial public offerings to capitalize on investor enthusiasm for the Permian Basin as they push to shop their assets, lawyers said, citing confidential S-1 filings as a teaser for M&A activity.
CPV Stalks Financing for Towantic
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. AUG. 17, 2015 EDITION
Competitive Power Ventures is talking to potential lenders to raise debt for the 805 MW gas-fired Towantic Energy Center in Oxford, Conn., according to a banker in New York. The Braintree, Mass.- based sponsor is discussing the potential deal with...READ MORE.
Curt Schilling's Downfall; Investors Call His 38 Studios A Ponzi Scheme
NEWSWEEK/ INTERNATIONAL BUSINESS TIMES. JUNE 25, 2012
A Cautionary Tale: Think Twice Before Using Future Sales To Pay Off Prior Purchases
Former Red Sox and Phillies pitcher Curt Schilling plummeted from riches to rags when his video-game outfit, 38 Studios, filed for Chapter 7 bankruptcy on June 7. The company's failure to raise funds from external investors cost $75 million from... READ MORE.
Tennessee to tee up Power Bonds
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. JUNE 8, 2015 EDITION [COVER STORY]
The Tennessee Valley Authority aims to snag up to $1 billion by issuing power bonds after summer, in part to refinance existing debt, and partly to finance a portion of two combined-cycle gas-fired assets totaling...
Mature MLPs seen lining up to modify structure after Plains' consolidation
S&P GLOBAL. JULY 22, 2016
At least three large midstream master limited partnerships could follow Plains All American Pipeline's well-received move to simplify its ownership structure. A "handful" of MLPs" are in talks to evaluate modifying or removing their incentive distribution rights as they scramble for an edge over their peers on stock valuations and distributions, sources said.
Marubeni Affiliate Circles Mexico's Wind Stake Sale
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]. POWER FINANCE AND RISK. JULY 6, 2015 EDITION (COVER).
Oak Creek Renewable Energy is in talks with investors to secure equity investments in the third phase of its roughly 400 MW Tres Mesas wind farm in Tamaulipas, Mexico, according to a company official, who says that... READ MORE ON THE FRONT PAGE (BOTTOM), JUMPING TO PAGE 6.
Buyer for GE EFS Linden Sale to Emerge Soon
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. AUG. 3, 2015 EDITION [COVER STORY].
GE Energy Financial Services s on track to finalize a buyer for its 50% stake in the 1.6 GW Lin- den combined-cycle cogeneration facility in New Jersey soon, sources close to the situation told Power Finance and Risk.
TransAlta Poised for Second Asset Dropdown to Yieldco
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. JULY 20, 2015 EDITION [COVER STORY].
TransAlta Corp. could drop a pair of recently acquired wind farms totaling 108 MW in Can- ada into its yield company, TransAlta Renewables, which deal watchers say would enable the Calgary, Alberta-based sponsor to meet its debt reduction target for the year.
SunEdison Snares Renewables Assets, Shares In Brazil's Renova
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. JULY 13, 2015 [COVER STORY].
Despite concerns over a nationwide economic lull and the possibility of lower levels of funding from Brazil’s development bank, BNDES, SunEdison is making a two-fold investment in Brazilian renewables developer, Renova Energia, according to a source, who says that...
REFF Wall Street: Iberdrola Plots IPO After UIL Marriage
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. JUNE 29, 2015 EDITION. [COVER STORY]
The U.S. offshoot of Spanish developer Iberdrola is plan- ning to launch a partial initial public offering once it completes its merger with Orange, Conn.-based United Illuminating Holding Co.
AES Brasil Circles Petrobras' Thermal Portfolio
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL].
POWER FINANCE AND RISK. JUNE 22, 2015 EDITION. [COVER STORY].
AES Corp. subsidiary AES Brasil is mulling a bid for Petróleo Brasileiro S.A.’s portfolio of thermal facilities, which could soon be launched for sale, according to two sources familiar with the situation.
SunEdison Advances Into Central America to 'Feed The Beast'
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. JUNE 22, 2015 EDITION.
SunEdison is buying Globeleq Mesoamerica Energy from Mesoamerica Power and Actis Capital in a deal that marks the start of its expansion into Central America.
Sponsor Plots Debt for $1B+ CCGT, Solar Project
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. MAY 4, 2015 EDITION [COVER STORY].
Western Energy Partners will look to raise debt for its 750 MW Clean Path project near Waterflow, N.M., after it secures a long-term off-take contract. The development price tag of the project is pegged at more than $1 billion.
PPL Units Audition Book Runners for $1B+ in Bonds
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. APRIL 20, 2015 EDITION [COVER STORY]
PPL Corp. affiliates Louisiana Gas & Electric Utilities and Kentucky Utilities are in talks with banks to finalize book runners for an issuance of up to $1.05 billion in senior secured first mortgage bonds.
Rockland Fund Circles LS Power Portfolio
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL].
POWER FINANCE AND RISK. APRIL 13, 2015 EDITION [COVER STORY]
Rockland Capital’s second private equity fund, Rockland Power Partners II, has signed an agreement through Zephyr Generation to buy two natural gas-fired facilities totaling 503 MW from Valley Road Holdings, a subsidiary of LS Power Development.
Shell Affiliate Circles U.S. Solar Power Play
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. MARCH 16, 2015 EDITION [COVER STORY]
Solar Frontier Americas, an affiliate of Royal Dutch Shell, is in advanced discussions with Gestamp Solar to acquire 280 MW of Gestamp’s utility-scale solar assets in California. The purchase marks Solar Frontier’s foray into the North American market.
Principal Solar Stalks N.C. Financings
EUROMONEY INSTITUTIONAL INVESTOR [GLOBALCAPITAL]
POWER FINANCE AND RISK. MARCH 16, 2015 EDITION [COVER STORY]
Principal Solar is talking to lenders and investors about lining up roughly $327 million in equity and debt backing a pair of utility-scale solar projects in North Carolina. The Dallas-based solar developer is considering a partnership-flip structure or an...