in News Departments > FYI
print the content item

Calgary, Alberta-based Canadian Hydro Developers Inc. has amended its existing credit agreement of C$370.8 million, adding an additional C$312.5 million of unsecured credit facilities and five additional new corporate lenders, for a total of $611.0 million.

Prior to the close, Canadian Hydro's C$370.8 million credit facility consisted of C$233.5 million in the aggregate of construction credit facilities for the Melancthon II Wind Project and certain Blue River Hydroelectric projects, a C$72.3 million acquisition facility for Le Nordais Wind Plant and a revolving operating facility of C$65 million with an existing syndicate of four corporate lenders.

The amended credit facility includes C$233.5 million in the aggregate of construction facilities for Melancthon II and Blue River, a C$292.5 million construction facility for the Wolfe Island Wind Project and an C$85 million operating facility.

The new syndicate of bank lenders includes Toronto-Dominion Bank and the Bank of Nova Scotia as co-lead arrangers and joint book managers, National Bank of Canada as documentation agent, Alberta Treasury Branches, Societe Generale, Sumitomo Mitsui Banking Corp. of Canada, Union Bank of California N.A, Canadian Western Bank and Laurentian Bank.

SOURCE: Canadian Hydro Developers Inc.


Trachte Inc._id1770
Latest Top Stories

Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.


Embryonic No More: U.S. Offshore Wind Industry Gaining Momentum

After a decade of fits and starts, the industry is moving closer to installing the first generation of wind projects off the country's shores.


AWEA: U.S. Installs 853 MW Of Wind In First Half Of 2014

The American Wind Energy Association (AWEA) reveals the U.S. industry's progress thus far this year and underscores the importance of policy certainty.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965