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Exelon Corp. reports that its indirect subsidiary Continental Wind LLC has closed a non-recourse project financing consisting of $613 million in 6% senior secured notes due Feb. 28, 2033.

Continental Wind LLC owns and operates a portfolio of wind farms in Idaho, Kansas, Michigan, Oregon, New Mexico and Texas with a total net capacity of 667 MW. The subsidiary will distribute the net proceeds from the offering to its indirect parent, Exelon Generation Co. LLC, for its general corporate purposes.

RBS Securities Corp., Barclays Capital Inc. and Citigroup Global Markets Inc. led the offering as joint book-running managers, and Credit Agricole Securities USA Inc., RBC Capital Markets and Mitsubishi UFJ Securities USA Inc. served as co-managers. In addition, Saltbox Partners LLC, a woman-owned firm, served as a structuring advisor.




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