Hallador secures $600M term loan to fund Turtle Creek 460MW gas project
Hallador Energy Co secured a $600M senior secured term loan package: $550M funded plus a $50M delayed draw, with an optional $75M revolver. The deal has a three-year tenor (with a two-year extension), pricing at SOFR+8% post-COD, and covenants to support construction of the Turtle Creek 460 MW gas project.