CPV Secures $825 Million Financing for Shore and Maryland Power Plants
The financing consolidates existing project-level debt under one facility and reduces term loan costs by 75 basis points to 2.5% above SOFR. It includes a $625 million term loan and a $125 million letter of credit facility.
New financing structure consolidates existing project-level debt under a single facility, enhancing financial flexibility and reducing term loan costs by 75 basis points to 2.5% above SOFRFinancing includes a $625 million term loan, a $125 million letter of credit facility, and a $75 million revolv…