Hallador Energy closes $600M term loan for Turtle Creek
Hallador closed a $600M senior secured term loan ($550M funded, $50M delayed draw) and can add a revolver up to $75M to fund its sub-$800M Turtle Creek Gas project.
Hallador closed a $600M senior secured term loan for its Turtle Creek Gas project, with $550M funded and $50M delayed draw. The company can also add a revolver of up to $75M to fund the sub-$800M project. About $120M of the proceeds will repay existing debt. Hallador said no long-term PPA is expected as a condition of FID.